Kaltura (NASDAQ:KLTR) Stock Price Up 3.2% – Here’s What Happened

Kaltura, Inc. (NASDAQ:KLTR)’s share price traded up 3.2% during mid-day trading on Tuesday . The company traded as high as $1.44 and last traded at $1.43. Approximately 303,098 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 329,923 shares. The stock had previously closed at $1.3850.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on KLTR shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kaltura in a research report on Tuesday, June 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 price target on shares of Kaltura in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Kaltura presently has an average rating of “Hold” and a consensus price target of $3.00.

Kaltura Price Performance

The stock has a market capitalization of $187.13 million, a PE ratio of -13.70 and a beta of 1.16. The company’s 50 day moving average price is $1.39 and its two-hundred day moving average price is $1.38.

Kaltura (NASDAQ:KLTR) last released its quarterly earnings data on Monday, May 11th. The company reported $0.01 EPS for the quarter. The company had revenue of $44.63 million during the quarter, compared to the consensus estimate of $43.00 million. Kaltura had a negative net margin of 8.25% and a negative return on equity of 35.91%.

Insiders Place Their Bets

In other news, insider Eynav Azaria sold 32,003 shares of Kaltura stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $1.46, for a total transaction of $46,724.38. Following the transaction, the insider owned 2,352,181 shares in the company, valued at $3,434,184.26. The trade was a 1.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Natan Israeli sold 28,882 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $1.51, for a total transaction of $43,611.82. Following the transaction, the insider directly owned 2,214,249 shares in the company, valued at approximately $3,343,515.99. The trade was a 1.29% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 353,538 shares of company stock valued at $515,121. Insiders own 16.30% of the company’s stock.

Institutional Trading of Kaltura

Hedge funds have recently made changes to their positions in the company. S Squared Technology LLC grew its position in Kaltura by 39.6% in the fourth quarter. S Squared Technology LLC now owns 1,316,323 shares of the company’s stock worth $2,159,000 after acquiring an additional 373,149 shares during the period. First Eagle Investment Management LLC acquired a new position in shares of Kaltura in the 4th quarter valued at $364,000. SG Americas Securities LLC grew its holdings in shares of Kaltura by 107.0% during the 4th quarter. SG Americas Securities LLC now owns 35,817 shares of the company’s stock worth $59,000 after purchasing an additional 18,512 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Kaltura by 66.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 28,628 shares of the company’s stock worth $47,000 after purchasing an additional 11,398 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in Kaltura in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 30.79% of the company’s stock.

About Kaltura

Kaltura, Inc (NASDAQ: KLTR) is a leading provider of video technology solutions designed to empower organizations to create, manage, distribute and monetize video content at scale. The company’s cloud-native platform supports an array of use cases including enterprise communications, online learning, virtual events, media delivery and over-the-top (OTT) television services. By combining open-source roots with software-as-a-service (SaaS) flexibility, Kaltura offers organizations the ability to tailor their video workflows and integrate seamlessly with existing collaboration, learning management and content management systems.

Key offerings from Kaltura include a comprehensive video management system, live streaming and video conferencing capabilities, lecture capture for educational institutions, virtual events and webinars, and turnkey OTT solutions.