Key Points
- Major shareholder Nexus India Capital II sold 26,670 Kaltura shares at an average of $1.64, for $43,738.80, reducing its stake by 0.17%. It still held about 16.0 million shares after the sale.
- Kaltura reported quarterly EPS of $0.02, beating the $0.01-per-share loss analysts expected, and revenue of $47.27 million, above the $46.10 million consensus.
- The stock recently traded at $1.37, down 1.4% on the day. Analyst sentiment averaged “Hold,” with a consensus price target of $3.00.
Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) major shareholder Nexus India Capital Ii Lp sold 26,670 shares of the stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $1.64, for a total transaction of $43,738.80. Following the completion of the sale, the insider owned 16,027,187 shares of the company's stock, valued at approximately $26,284,586.68. The trade was a 0.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Nexus India Capital Ii Lp also recently made the following trade(s):
- On Wednesday, November 11th, Nexus India Capital Ii Lp sold 31,897 shares of Kaltura stock. The shares were sold at an average price of $1.52, for a total transaction of $48,483.44.
Kaltura Stock Down 1.4%
Shares of Kaltura stock traded down $0.02 on Friday, hitting $1.37. 150,867 shares of the company traded hands, compared to its average volume of 260,333. The company has a 50-day moving average price of $1.40 and a 200 day moving average price of $1.40. Kaltura, Inc. has a 12-month low of $1.05 and a 12-month high of $2.05. The company has a market cap of $211.09 million, a PE ratio of -17.12 and a beta of 1.24.
Kaltura (NASDAQ:KLTR - Get Free Report) last posted its quarterly earnings results on Monday, November 9th. The company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.03. Kaltura had a negative net margin of 6.18% and a negative return on equity of 67.69%. The business had revenue of $47.27 million for the quarter, compared to the consensus estimate of $46.10 million.
Hedge Funds Weigh In On Kaltura
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in Kaltura during the second quarter valued at approximately $7,792,000. Gagnon Securities LLC lifted its stake in Kaltura by 40.6% in the third quarter. Gagnon Securities LLC now owns 4,591,798 shares of the company's stock valued at $5,878,000 after acquiring an additional 1,324,799 shares during the last quarter. Gagnon Advisors LLC grew its position in Kaltura by 76.0% in the third quarter. Gagnon Advisors LLC now owns 2,487,034 shares of the company's stock worth $3,183,000 after acquiring an additional 1,074,024 shares in the last quarter. S Squared Technology LLC bought a new stake in Kaltura in the second quarter worth approximately $2,525,645. Finally, Russell Investments Group Ltd. grew its position in Kaltura by 32.1% in the third quarter. Russell Investments Group Ltd. now owns 1,678,161 shares of the company's stock worth $2,148,000 after acquiring an additional 407,648 shares in the last quarter. Institutional investors own 30.79% of the company's stock.
Analyst Ratings Changes
KLTR has been the topic of a number of recent research reports. Wall Street Zen downgraded Kaltura from a "buy" rating to a "hold" rating in a research note on Sunday, November 8th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Kaltura in a research report on Friday, September 11th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Kaltura has an average rating of "Hold" and a consensus price target of $3.00.
Check Out Our Latest Stock Analysis on Kaltura
About Kaltura
(
Get Free Report)
Kaltura, Inc. provides cloud-based video technology and services for businesses, educational institutions, media companies and telecommunications providers. Its platform helps organizations create, manage, distribute and monetize video content and deliver live and on-demand experiences. The company's offerings include video management and communications tools, virtual and hybrid events, webinars, video solutions for teaching and learning, and cloud-based television services. Customers can use Kaltura's technology to support activities such as employee communications, online learning, live streaming and video-on-demand services.
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