Kaltura, Inc. (NASDAQ:KLTR) CFO Sells $29,350.23 in Stock

Kaltura, Inc. (NASDAQ:KLTR) CFO John N. Doherty sold 17,367 shares of the company’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $1.69, for a total value of $29,350.23. Following the sale, the chief financial officer now owns 1,534,820 shares of the company’s stock, valued at approximately $2,593,845.80. This represents a 1.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Kaltura Trading Up 1.1 %

NASDAQ KLTR opened at $1.80 on Wednesday. Kaltura, Inc. has a 52 week low of $0.76 and a 52 week high of $2.82. The company has a 50 day moving average price of $2.16 and a 200 day moving average price of $2.00. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.26. The firm has a market cap of $277.45 million, a PE ratio of -8.57 and a beta of 1.17.

Kaltura (NASDAQ:KLTR) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The business had revenue of $45.61 million for the quarter, compared to analyst estimates of $44.36 million. Kaltura had a negative return on equity of 126.99% and a negative net margin of 17.52%.

Institutional Investors Weigh In On Kaltura

Several institutional investors have recently added to or reduced their stakes in KLTR. Avalon Ventures Management LLC purchased a new position in shares of Kaltura in the 4th quarter valued at approximately $19,718,000. Millennium Management LLC raised its holdings in shares of Kaltura by 249.7% in the fourth quarter. Millennium Management LLC now owns 715,755 shares of the company’s stock worth $1,575,000 after buying an additional 511,072 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Kaltura in the fourth quarter worth $935,000. Gagnon Advisors LLC grew its holdings in shares of Kaltura by 34.6% during the fourth quarter. Gagnon Advisors LLC now owns 1,386,044 shares of the company’s stock valued at $3,049,000 after buying an additional 356,336 shares during the last quarter. Finally, Gagnon Securities LLC grew its holdings in shares of Kaltura by 16.0% during the fourth quarter. Gagnon Securities LLC now owns 2,217,379 shares of the company’s stock valued at $4,878,000 after buying an additional 306,332 shares during the last quarter. Institutional investors and hedge funds own 30.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC restated a “buy” rating and set a $3.00 price objective on shares of Kaltura in a research note on Friday, March 14th.

Kaltura Company Profile

Kaltura, Inc provides various software-as-a-service (SaaS) products and solutions and a platform-as-a-service (PaaS) in the United States, Europe, the Middle East, Africa, and internationally. The company operates through two segments, Enterprise, Education, and Technology (EE&T); and Media and Telecom (M&T).