Kaltura (NASDAQ:KLTR) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Kaltura (NASDAQ:KLTR) from a hold rating to a buy rating in a report released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Kaltura in a research note on Friday, September 11th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $3.00.

Kaltura Stock Down 3.3%

Shares of KLTR opened at $1.45 on Friday. The company has a market capitalization of $221.20 million, a price-to-earnings ratio of -16.11 and a beta of 1.20. Kaltura has a 52 week low of $1.05 and a 52 week high of $2.05. The stock’s 50-day moving average price is $1.42 and its 200-day moving average price is $1.40.

Kaltura (NASDAQ:KLTR) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. Kaltura had a negative return on equity of 51.05% and a negative net margin of 6.92%. The company had revenue of $46.89 million during the quarter, compared to analysts’ expectations of $45.60 million.

Insider Buying and Selling at Kaltura

In related news, insider Natan Israeli sold 259,322 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $1.87, for a total transaction of $484,932.14. Following the completion of the transaction, the insider owned 1,809,537 shares in the company, valued at $3,383,834.19. This represents a 12.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eyal Manor sold 138,143 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $1.92, for a total transaction of $265,234.56. Following the completion of the transaction, the director directly owned 292,398 shares in the company, valued at $561,404.16. This represents a 32.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 633,644 shares of company stock valued at $1,145,474 over the last ninety days. Corporate insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Kaltura

Several institutional investors have recently bought and sold shares of the company. S Squared Technology LLC acquired a new position in shares of Kaltura during the second quarter valued at approximately $2,525,645. BlackRock Inc. purchased a new position in shares of Kaltura in the second quarter valued at approximately $7,792,000. Globeflex Capital L P purchased a new position in shares of Kaltura in the second quarter valued at approximately $676,000. Hsbc Holdings PLC acquired a new stake in shares of Kaltura in the second quarter worth approximately $46,000. Finally, Deutsche Bank AG acquired a new stake in shares of Kaltura in the second quarter worth approximately $94,000. 30.79% of the stock is currently owned by institutional investors and hedge funds.

Kaltura Company 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.