Globeflex Capital L P Invests $676,000 in Kaltura, Inc. $KLTR

Globeflex Capital L P purchased a new position in shares of Kaltura, Inc. (NASDAQ:KLTR) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 519,673 shares of the company’s stock, valued at approximately $676,000. Globeflex Capital L P owned 0.34% of Kaltura at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KLTR. S Squared Technology LLC raised its position in Kaltura by 39.6% during the 4th quarter. S Squared Technology LLC now owns 1,316,323 shares of the company’s stock worth $2,159,000 after buying an additional 373,149 shares during the last quarter. First Eagle Investment Management LLC acquired a new stake in shares of Kaltura in the 4th quarter worth $364,000. Franklin Resources Inc. purchased a new stake in shares of Kaltura in the third quarter valued at about $40,000. EntryPoint Capital LLC purchased a new stake in shares of Kaltura in the fourth quarter valued at about $38,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Kaltura by 70.3% during the third 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 period. 30.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Kaltura Stock Performance

NASDAQ:KLTR opened at $1.53 on Wednesday. Kaltura, Inc. has a 1 year low of $1.05 and a 1 year high of $2.05. The stock has a fifty day moving average price of $1.44 and a two-hundred day moving average price of $1.38. The stock has a market capitalization of $233.40 million, a price-to-earnings ratio of -17.00 and a beta of 1.15.

Kaltura (NASDAQ:KLTR) last issued its earnings results on Wednesday, August 5th. The company reported $0.01 EPS for the quarter, topping the consensus estimate 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 company had revenue of $46.89 million for the quarter, compared to analyst estimates of $45.60 million.

Insider Activity at Kaltura

In other Kaltura news, insider Natan Israeli sold 259,322 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $1.87, for a total value of $484,932.14. Following the completion of the transaction, the insider directly owned 1,809,537 shares of the company’s stock, valued at approximately $3,383,834.19. This trade represents a 12.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Eynav Azaria sold 83,995 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $2.01, for a total transaction of $168,829.95. Following the completion of the transaction, the insider directly owned 2,072,527 shares of the company’s stock, valued at approximately $4,165,779.27. This trade represents a 3.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 699,917 shares of company stock worth $1,232,142 over the last 90 days. Company insiders own 16.30% 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.