Kaltura, Inc. $KLTR Shares Acquired by Gagnon Securities LLC

Gagnon Securities LLC lifted its stake in shares of Kaltura, Inc. (NASDAQ:KLTR) by 40.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,591,798 shares of the company’s stock after purchasing an additional 1,324,799 shares during the period. Gagnon Securities LLC owned 3.01% of Kaltura worth $5,878,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in Kaltura in the 2nd quarter valued at $7,792,000. S Squared Technology LLC purchased a new position in shares of Kaltura during the 2nd quarter worth $2,525,645. Globeflex Capital L P purchased a new position in shares of Kaltura during the 2nd quarter worth $676,000. Tocqueville Asset Management L.P. acquired a new position in shares of Kaltura during the 2nd quarter valued at about $363,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Kaltura during the 2nd quarter valued at about $358,000. 30.79% of the stock is currently owned by institutional investors and hedge funds.

Kaltura Trading Up 5.7%

NASDAQ KLTR opened at $1.48 on Thursday. The stock has a market cap of $225.78 million, a PE ratio of -18.50 and a beta of 1.24. Kaltura, Inc. has a twelve month low of $1.05 and a twelve month high of $2.05. The stock has a fifty day simple moving average of $1.41 and a 200-day simple moving average of $1.40.

Kaltura (NASDAQ:KLTR) last issued its quarterly earnings data on Monday, November 9th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $47.27 million for the quarter, compared to analyst estimates of $46.10 million.

Analyst Upgrades and Downgrades

KLTR has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Kaltura in a research report on Friday, September 11th. Wall Street Zen lowered shares of Kaltura from a “buy” rating to a “hold” rating in a report on Sunday. One investment 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 currently has an average rating of “Hold” and an average target price of $3.00.

Insider Activity

In other news, Director Eyal Manor sold 20,795 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $1.58, for a total value of $32,856.10. Following the sale, the director directly owned 249,965 shares of the company’s stock, valued at approximately $394,944.70. The trade was a 7.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have sold 152,184 shares of company stock valued at $226,477. 16.30% of the stock is currently owned by insiders.

Kaltura Profile

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.