Kaltura (NASDAQ: KLTR) received a significant upgrade from Wall Street Zen, which raised its rating from hold to buy in a research note released on Saturday. This decision comes amidst a flurry of recent evaluations from various analysts regarding the company’s stock performance.
Several other research firms have also provided insights into Kaltura’s market position. Notably, Weiss Ratings maintained a “sell (D-)” rating as of December 15. Conversely, Needham & Company LLC reaffirmed a “buy” rating with a target price of $3.00 on November 25. As it stands, one analyst has assigned a buy rating, while another has opted for a sell rating, leading to a consensus rating of “hold” along with a target price of $3.00, according to data from MarketBeat.com.
Recent Earnings and Insider Activity
Kaltura disclosed its quarterly earnings on November 10, reporting earnings per share of $0.01. Despite this modest gain, the company experienced a negative return on equity of 54.84% and a net margin of -10.01%. Revenue for the quarter reached $43.87 million, surpassing the consensus estimate of $43.27 million.
In a related development, Director Eyal Manor sold 27,956 shares on November 13 at an average price of $1.82, totaling approximately $50,879.92. Following this transaction, Manor retained ownership of 340,634 shares, valued at around $619,953.88, reflecting a 7.58% decrease in his stake. This sale was documented in a legal filing with the Securities and Exchange Commission (SEC).
Additionally, Chief Financial Officer John N. Doherty sold 18,580 shares on October 6 for an average price of $1.52, amounting to $28,241.60. After this sale, Doherty’s holdings decreased by 1.29%, leaving him with 1,423,180 shares worth approximately $2,163,233.60. In total, insiders sold 46,936 shares, equating to a value of $79,842, and currently hold 13.50% of the company’s stock.
Institutional Investors’ Movements
Recent changes in institutional investments have also influenced Kaltura’s stock dynamics. Several hedge funds have either increased or established new stakes in the company. S Squared Technology LLC acquired a new position worth approximately $1,679,000 during the first quarter. Acadian Asset Management LLC grew its stake by 170.6%, now owning 1,483,536 shares valued at $2,780,000 after acquiring an additional 935,255 shares.
Integrated Quantitative Investments LLC and Walleye Capital LLC also increased their holdings during the first and second quarters, respectively. Walleye Capital LLC’s position grew by 154.9%, bringing their total to 497,342 shares valued at $935,000. Institutional investors now collectively own 30.79% of Kaltura’s stock.
Kaltura, Inc. is a prominent player in the video technology sector, providing innovative solutions that enable organizations to create, manage, distribute, and monetize video content efficiently. The company’s cloud-based platform supports various applications, including enterprise communications, online learning, virtual events, and over-the-top (OTT) television services. By combining open-source principles with software-as-a-service flexibility, Kaltura allows customers to customize their video workflows and integrate seamlessly with existing systems.
As analysts continue to evaluate Kaltura’s financial performance and market positioning, the company’s recent upgrades and insider transactions will likely remain focal points for investors and stakeholders alike.
