Kaltura (NASDAQ:KLTR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Kaltura (NASDAQ:KLTR) from a hold rating to a buy rating in a research note released on Saturday,Wall Street Zen reports.

KLTR has been the subject of a number of other research reports. Needham & Company LLC reissued a “buy” rating and set a $3.00 price target on shares of Kaltura in a research report on Wednesday, May 13th. Weiss Ratings restated a “sell (e+)” rating on shares of Kaltura in a report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $3.00.

Kaltura Stock Down 1.3%

Shares of KLTR opened at $1.58 on Friday. Kaltura has a fifty-two week low of $1.05 and a fifty-two week high of $2.05. The company’s fifty day moving average is $1.45 and its two-hundred day moving average is $1.39. The firm has a market cap of $241.03 million, a PE ratio of -17.55 and a beta of 1.15.

Kaltura (NASDAQ:KLTR) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $46.89 million during the quarter, compared to the consensus estimate of $45.60 million. Kaltura had a negative return on equity of 51.05% and a negative net margin of 6.92%.

Insider Transactions at Kaltura

In other news, Director Eyal Manor sold 20,795 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $1.58, for a total value of $32,856.10. Following the transaction, the director owned 249,965 shares of the company’s stock, valued at approximately $394,944.70. This trade represents a 7.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Eynav Azaria sold 83,995 shares of Kaltura stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $2.01, for a total transaction of $168,829.95. Following the transaction, the insider owned 2,072,527 shares in the company, valued at $4,165,779.27. The trade was a 3.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 696,423 shares of company stock valued at $1,227,157 over the last 90 days. Corporate insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KLTR. Bank of America Corp DE acquired a new position in shares of Kaltura during the second quarter worth about $197,000. Hsbc Holdings PLC purchased a new stake in shares of Kaltura in the second quarter worth about $46,000. S Squared Technology LLC purchased a new stake in shares of Kaltura in the second quarter worth about $2,525,645. Globeflex Capital L P acquired a new stake in shares of Kaltura in the second quarter valued at about $676,000. Finally, Ieq Capital LLC acquired a new stake in shares of Kaltura in the second quarter valued at about $126,000. 30.79% of the stock is owned by hedge funds and other institutional investors.

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.