S Squared Technology LLC Invests $2.53 Million in Kaltura, Inc. $KLTR

S Squared Technology LLC purchased a new stake in shares of Kaltura, Inc. (NASDAQ:KLTR) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,942,804 shares of the company’s stock, valued at approximately $2,525,645. Kaltura comprises approximately 0.0% of S Squared Technology LLC’s investment portfolio, making the stock its 26th largest holding. S Squared Technology LLC owned 1.27% of Kaltura at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Kaltura during the 2nd quarter worth $7,792,000. Vanguard Group Inc. increased its holdings in Kaltura by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,010,605 shares of the company’s stock valued at $7,215,000 after acquiring an additional 79,633 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Kaltura by 6.4% in the 4th quarter. Geode Capital Management LLC now owns 2,043,747 shares of the company’s stock worth $3,352,000 after purchasing an additional 122,548 shares during the period. Russell Investments Group Ltd. grew its stake in Kaltura by 5.2% in the fourth quarter. Russell Investments Group Ltd. now owns 1,704,197 shares of the company’s stock worth $2,796,000 after purchasing an additional 83,792 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Kaltura by 9.2% during the fourth quarter. State Street Corp now owns 1,598,453 shares of the company’s stock valued at $2,621,000 after purchasing an additional 135,092 shares during the period. 30.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Kaltura news, insider Natan Israeli sold 259,322 shares of Kaltura stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $1.87, for a total transaction of $484,932.14. Following the completion of the transaction, the insider owned 1,809,537 shares in the company, valued at approximately $3,383,834.19. The trade was a 12.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eyal Manor sold 21,638 shares of Kaltura stock in a transaction that occurred on Wednesday, August 26th. The stock was 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. This trade represents a 7.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 721,555 shares of company stock worth $1,265,249. 16.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on KLTR shares. Weiss Ratings restated a “sell (e+)” rating on shares of Kaltura in a research note on Tuesday, June 16th. Needham & Company LLC restated a “buy” rating and set a $3.00 price target on shares of Kaltura in a report on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Kaltura presently has a consensus rating of “Hold” and an average price target of $3.00.

Kaltura Price Performance

Shares of NASDAQ:KLTR traded down $0.01 during midday trading on Friday, hitting $1.58. The company had a trading volume of 110,032 shares, compared to its average volume of 578,446. The business’s 50-day simple moving average is $1.44 and its 200-day simple moving average is $1.39. Kaltura, Inc. has a twelve month low of $1.05 and a twelve month high of $2.05. The stock has a market cap of $241.79 million, a price-to-earnings ratio of -17.61 and a beta of 1.15.

Kaltura (NASDAQ:KLTR) last announced its quarterly 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. Kaltura had a negative net margin of 6.92% and a negative return on equity of 51.05%. The business had revenue of $46.89 million during the quarter, compared to the consensus estimate of $45.60 million.

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.