Kaltura (NASDAQ:KLTR) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Shares of Kaltura, Inc. (NASDAQ:KLTR) crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $1.41 and traded as low as $1.37. Kaltura shares last traded at $1.40, with a volume of 964,247 shares traded.

Analysts Set New Price Targets

KLTR has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kaltura in a report on Friday, September 11th. Wall Street Zen lowered Kaltura from a “buy” rating to a “hold” rating in a research report on Sunday. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $3.00.

Kaltura Stock Performance

The stock has a market cap of $214.17 million, a price-to-earnings ratio of -17.38 and a beta of 1.24. The company has a 50-day simple moving average of $1.40 and a two-hundred day simple moving average of $1.40.

Kaltura (NASDAQ:KLTR) last announced its quarterly earnings data on Monday, November 9th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The company had revenue of $47.27 million for the quarter, compared to analysts’ expectations of $46.10 million. Kaltura had a negative return on equity of 67.69% and a negative net margin of 6.18%.

Insider Activity at Kaltura

In other news, Director Eyal Manor sold 21,638 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $1.53, for a total transaction of $33,106.14. Following the transaction, the director directly owned 270,760 shares in the company, valued at $414,262.80. The trade was a 7.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 152,184 shares of company stock valued at $226,477. Company insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Kaltura

A number of institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Kaltura in the second quarter valued at approximately $7,792,000. S Squared Technology LLC bought a new stake in Kaltura in the 2nd quarter valued at $2,525,645. Gagnon Securities LLC raised its stake in Kaltura by 40.6% in the 3rd quarter. Gagnon Securities LLC now owns 4,591,798 shares of the company’s stock valued at $5,878,000 after acquiring an additional 1,324,799 shares during the period. Gagnon Advisors LLC lifted its holdings in Kaltura by 76.0% during the 3rd quarter. Gagnon Advisors LLC now owns 2,487,034 shares of the company’s stock valued at $3,183,000 after purchasing an additional 1,074,024 shares during the last quarter. Finally, Globeflex Capital L P acquired a new stake in Kaltura during the 2nd quarter valued at $676,000. 30.79% of the stock is owned by institutional investors.

About Kaltura

Kaltura, Inc. provides cloud-based video technology and services for businesses, educational institutions, media companies and telecommunications providers. Its platform helps organizations create, manage, distribute and monetize video content and deliver live and on-demand experiences. The company’s offerings include video management and communications tools, virtual and hybrid events, webinars, video solutions for teaching and learning, and cloud-based television services. Customers can use Kaltura’s technology to support activities such as employee communications, online learning, live streaming and video-on-demand services.