Kaltura (NASDAQ:KLTR) Issues Quarterly Earnings Results

Kaltura (NASDAQ:KLTR) issued its quarterly earnings data on Monday. The company reported $0.01 EPS for the quarter, FiscalAI reports. The company had revenue of $44.63 million for the quarter, compared to analysts’ expectations of $43.00 million. Kaltura had a negative return on equity of 21.39% and a negative net margin of 6.68%.

Kaltura Stock Performance

Shares of NASDAQ KLTR traded down $0.02 during midday trading on Monday, reaching $1.37. 635,574 shares of the company’s stock were exchanged, compared to its average volume of 575,619. Kaltura has a 52-week low of $1.06 and a 52-week high of $2.33. The stock has a market capitalization of $205.27 million, a PE ratio of -17.06 and a beta of 1.11. The business’s fifty day moving average price is $1.28 and its two-hundred day moving average price is $1.46.

Insiders Place Their Bets

In other news, CEO Ron Yekutiel acquired 40,000 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was purchased at an average cost of $1.24 per share, with a total value of $49,600.00. Following the completion of the acquisition, the chief executive officer directly owned 15,095,748 shares in the company, valued at $18,718,727.52. This represents a 0.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Eynav Azaria sold 17,671 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $1.47, for a total value of $25,976.37. Following the completion of the sale, the insider directly owned 2,305,891 shares of the company’s stock, valued at approximately $3,389,659.77. This represents a 0.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders acquired 223,125 shares of company stock valued at $266,523 and sold 326,075 shares valued at $411,713. 13.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its position in shares of Kaltura by 70.3% in the 3rd 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 in the last quarter. Rhumbline Advisers grew its position in shares of Kaltura by 10.7% in the 1st quarter. Rhumbline Advisers now owns 80,304 shares of the company’s stock worth $151,000 after acquiring an additional 7,760 shares in the last quarter. Invesco Ltd. grew its position in shares of Kaltura by 21.4% in the 2nd quarter. Invesco Ltd. now owns 46,288 shares of the company’s stock worth $93,000 after acquiring an additional 8,157 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Kaltura by 27.9% in the 4th quarter. Hsbc Holdings PLC now owns 40,763 shares of the company’s stock worth $67,000 after acquiring an additional 8,901 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Kaltura by 66.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 28,628 shares of the company’s stock worth $47,000 after acquiring an additional 11,398 shares in the last quarter. Institutional investors and hedge funds own 30.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Needham & Company LLC restated a “buy” rating and set a $3.00 price objective on shares of Kaltura in a research note on Tuesday, March 17th. Wall Street Zen cut Kaltura from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $3.00.

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.