Key Points
- CEO Ron Yekutiel purchased 44,100 shares on March 19 at $1.12 each for $49,392, raising his stake to about 14.97 million shares (a 0.30% increase), as disclosed in an SEC filing.
- Kaltura reported $0.03 EPS and revenue of $45.54 million (vs. $45.35M expected) for the quarter, but remains unprofitable with a negative return on equity (-21.39%) and negative net margin (-6.68%).
- The stock jumped about 11.5% after the news; analyst coverage is mixed with a consensus "Hold" and $3.00 target (Needham: Buy $3.00, Weiss: Sell, Wall Street Zen: downgraded to Hold).
Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) CEO Ron Yekutiel acquired 44,100 shares of the company's stock in a transaction that occurred on Thursday, March 19th. The shares were acquired at an average price of $1.12 per share, for a total transaction of $49,392.00. Following the purchase, the chief executive officer owned 14,971,723 shares of the company's stock, valued at $16,768,329.76. This trade represents a 0.30% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Kaltura Stock Up 11.5%
Shares of KLTR stock opened at $1.22 on Friday. The company has a market cap of $180.72 million, a P/E ratio of -15.19 and a beta of 1.06. The business has a 50 day moving average of $1.44 and a two-hundred day moving average of $1.53. Kaltura, Inc. has a 52 week low of $1.06 and a 52 week high of $2.33.
Kaltura (NASDAQ:KLTR - Get Free Report) last announced its quarterly earnings results on Monday, March 16th. The company reported $0.03 earnings per share for the quarter. The business had revenue of $45.54 million for the quarter, compared to analysts' expectations of $45.35 million. Kaltura had a negative return on equity of 21.39% and a negative net margin of 6.68%.
Analyst Upgrades and Downgrades
KLTR has been the topic of a number of recent research reports. Needham & Company LLC reiterated a "buy" rating and issued a $3.00 target price on shares of Kaltura in a research note on Tuesday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Kaltura in a report on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Kaltura from a "buy" rating to a "hold" rating in a research report on Saturday. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Kaltura currently has an average rating of "Hold" and a consensus target price of $3.00.
Read Our Latest Stock Analysis on Kaltura
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Gagnon Securities LLC increased its stake in Kaltura by 32.6% during the 3rd quarter. Gagnon Securities LLC now owns 2,885,976 shares of the company's stock valued at $4,156,000 after buying an additional 709,598 shares during the period. Gagnon Advisors LLC lifted its holdings in shares of Kaltura by 1.9% in the third quarter. Gagnon Advisors LLC now owns 1,413,010 shares of the company's stock valued at $2,035,000 after buying an additional 26,966 shares during the period. Hillsdale Investment Management Inc. boosted its holdings in Kaltura by 8.2% during the second quarter. Hillsdale Investment Management Inc. now owns 131,900 shares of the company's stock worth $265,000 after buying an additional 10,000 shares in the last quarter. Franklin Resources Inc. bought a new stake in Kaltura during the third quarter worth approximately $40,000. Finally, EntryPoint Capital LLC acquired a new position in Kaltura in the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 30.79% of the company's stock.
About Kaltura
(
Get Free Report)
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.
Further Reading
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