Kaltura (NASDAQ:KLTR) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Kaltura (NASDAQ:KLTR) from a buy rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Kaltura in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $3.00.

Kaltura Stock Performance

NASDAQ:KLTR opened at $1.42 on Friday. Kaltura has a 52 week low of $1.05 and a 52 week high of $2.05. The firm’s 50-day simple moving average is $1.49 and its 200 day simple moving average is $1.40. The firm has a market cap of $216.62 million, a price-to-earnings ratio of -15.78 and a beta of 1.18.

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

Insider Transactions at Kaltura

In related news, insider Eynav Azaria sold 83,995 shares of the stock in a transaction that occurred 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 sale, the insider owned 2,072,527 shares in the company, valued at approximately $4,165,779.27. This trade represents a 3.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Eyal Manor sold 20,795 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $1.58, for a total transaction of $32,856.10. Following the sale, the director owned 249,965 shares in the company, valued at $394,944.70. This represents a 7.68% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 657,659 shares of company stock valued at $1,174,169. Company insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Kaltura

A number of large investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Kaltura during the 2nd quarter worth $7,792,000. S Squared Technology LLC acquired a new stake in Kaltura in the second quarter valued at about $2,525,645. Renaissance Technologies LLC boosted its stake in Kaltura by 2.2% in the first quarter. Renaissance Technologies LLC now owns 654,300 shares of the company’s stock valued at $798,000 after buying an additional 14,300 shares in the last quarter. Globeflex Capital L P bought a new position in shares of Kaltura in the second quarter worth about $676,000. Finally, Tocqueville Asset Management L.P. acquired a new stake in shares of Kaltura in the 2nd quarter valued at approximately $363,000. Institutional investors and hedge funds own 30.79% of the company’s stock.

Kaltura Company Profile

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.