Wall Street Zen Upgrades Kaltura (NASDAQ:KLTR) to Buy

Kaltura (NASDAQ:KLTR) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

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

Kaltura Price Performance

Shares of NASDAQ KLTR opened at $1.60 on Friday. The stock has a market cap of $244.08 million, a P/E ratio of -17.78 and a beta of 1.15. The firm’s 50-day simple moving average is $1.45 and its 200 day simple moving average is $1.39. Kaltura has a fifty-two week low of $1.05 and a fifty-two week high of $2.05.

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

Insider Activity

In other news, insider Eynav Azaria sold 83,995 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $2.01, for a total value of $168,829.95. Following the completion of the sale, the insider owned 2,072,527 shares in the company, valued at $4,165,779.27. This represents a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Eyal Manor sold 21,638 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $1.53, for a total value of $33,106.14. Following the completion of the sale, the director directly owned 270,760 shares of the company’s stock, valued at approximately $414,262.80. This trade represents a 7.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 698,678 shares of company stock worth $1,229,332 over the last quarter. Corporate insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its position in Kaltura by 70.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock worth $25,000 after acquiring an additional 7,184 shares during the last quarter. Rhumbline Advisers boosted its holdings in Kaltura by 10.7% during the first quarter. Rhumbline Advisers now owns 80,304 shares of the company’s stock valued at $151,000 after acquiring an additional 7,760 shares during the period. Invesco Ltd. grew its position in shares of Kaltura by 21.4% in the second quarter. Invesco Ltd. now owns 46,288 shares of the company’s stock valued at $93,000 after purchasing an additional 8,157 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Kaltura by 27.9% in the fourth quarter. Hsbc Holdings PLC now owns 40,763 shares of the company’s stock valued at $67,000 after purchasing an additional 8,901 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Kaltura by 66.2% in the fourth 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 period. 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.