Kaltura (NASDAQ:KLTR) Downgraded by Wall Street Zen to “Hold”
by Michael Walen · The Markets DailyWall Street Zen lowered shares of Kaltura (NASDAQ:KLTR – Free Report) from a buy rating to a hold rating in a report issued on Sunday,Wall Street Zen reports.
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaltura in a research note on Friday, September 11th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $3.00.
Get Our Latest Analysis on Kaltura
Kaltura Price Performance
Shares of NASDAQ KLTR opened at $1.52 on Friday. Kaltura has a 12-month low of $1.05 and a 12-month high of $2.05. The firm’s 50-day simple moving average is $1.41 and its 200 day simple moving average is $1.40. The company has a market cap of $231.88 million, a price-to-earnings ratio of -16.89 and a beta of 1.24.
Insider Buying and Selling
In other Kaltura news, Director Eyal Manor sold 21,638 shares of the 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 transaction, the director directly owned 270,760 shares in the company, valued at approximately $414,262.80. This trade represents a 7.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 152,184 shares of company stock valued at $226,477. 16.30% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in KLTR. BlackRock Inc. acquired a new stake in shares of Kaltura during the 2nd quarter worth approximately $7,792,000. Gagnon Securities LLC raised its stake in shares of Kaltura by 40.6% during the third quarter. Gagnon Securities LLC now owns 4,591,798 shares of the company’s stock worth $5,878,000 after buying an additional 1,324,799 shares during the last quarter. Gagnon Advisors LLC raised its stake in shares of Kaltura by 76.0% during the third quarter. Gagnon Advisors LLC now owns 2,487,034 shares of the company’s stock worth $3,183,000 after buying an additional 1,074,024 shares during the last quarter. S Squared Technology LLC bought a new stake in shares of Kaltura during the second quarter worth approximately $2,525,645. Finally, Russell Investments Group Ltd. lifted its holdings in Kaltura by 32.1% in the third quarter. Russell Investments Group Ltd. now owns 1,678,161 shares of the company’s stock valued at $2,148,000 after buying an additional 407,648 shares during the period. 30.79% of the stock is currently owned by institutional investors and hedge funds.
About Kaltura
Kaltura, Inc provides cloud-based video technology and software designed to help organizations create, manage, distribute and analyze video content. Its platform serves businesses, educational institutions, media companies and other organizations that use video for communications, collaboration, training, learning and audience engagement.
The company’s offerings include video management and hosting, live and on-demand streaming, virtual events, webinars, video conferencing, virtual classrooms and interactive video experiences.