Kaltura’s (KLTR) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Kaltura (NASDAQ:KLTR) in a report published on Tuesday morning,Benzinga reports. The brokerage currently has a $3.00 target price on the stock.

Several other analysts have also weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kaltura in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Kaltura from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $3.00.

Kaltura Trading Down 7.6%

KLTR opened at $1.09 on Tuesday. The stock’s 50 day simple moving average is $1.44 and its 200-day simple moving average is $1.53. The stock has a market cap of $162.13 million, a PE ratio of -13.63 and a beta of 1.06. Kaltura has a 1 year low of $1.09 and a 1 year high of $2.33.

Kaltura (NASDAQ:KLTR) last posted its quarterly earnings results on Monday, March 16th. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $45.54 million for the quarter, compared to the consensus estimate of $45.35 million. Kaltura had a negative net margin of 6.68% and a negative return on equity of 21.39%.

Insider Activity at Kaltura

In other news, Director Naama Halevi-Davidov sold 93,624 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $1.20, for a total value of $112,348.80. Following the sale, the director owned 368,682 shares of the company’s stock, valued at approximately $442,418.40. This represents a 20.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 13.50% of the company’s stock.

Hedge Funds Weigh In On Kaltura

Institutional investors have recently added to or reduced their stakes in the company. Gagnon Securities LLC grew its stake in Kaltura by 32.6% during the third quarter. Gagnon Securities LLC now owns 2,885,976 shares of the company’s stock worth $4,156,000 after buying an additional 709,598 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Kaltura in the second quarter valued at approximately $84,000. Mackenzie Financial Corp acquired a new position in shares of Kaltura in the 4th quarter worth approximately $81,000. Brevan Howard Capital Management LP boosted its holdings in shares of Kaltura by 96.7% in the 2nd quarter. Brevan Howard Capital Management LP now owns 31,760 shares of the company’s stock worth $64,000 after acquiring an additional 15,614 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new stake in Kaltura during the 2nd quarter worth approximately $48,000. 30.79% of the stock is owned by institutional investors.

Kaltura Company Profile

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.