Kaltura (NASDAQ:KLTR) Earns Buy Rating from Needham & Company LLC

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

Kaltura Trading Down 1.1 %

Shares of NASDAQ KLTR opened at $1.85 on Friday. Kaltura has a 1-year low of $0.76 and a 1-year high of $2.82. The business has a fifty day moving average price of $2.30 and a 200 day moving average price of $1.91. The stock has a market capitalization of $285.16 million, a P/E ratio of -8.81 and a beta of 1.16. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.12 and a quick ratio of 1.12.

Kaltura (NASDAQ:KLTR) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.03). Kaltura had a negative net margin of 17.52% and a negative return on equity of 126.99%. The firm had revenue of $45.61 million for the quarter, compared to analysts’ expectations of $44.36 million.

Insider Transactions at Kaltura

In other news, CFO John N. Doherty sold 113,634 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $2.46, for a total value of $279,539.64. Following the completion of the sale, the chief financial officer now owns 1,556,682 shares of the company’s stock, valued at $3,829,437.72. This trade represents a 6.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 11.30% of the company’s stock.

Institutional Investors Weigh In On Kaltura

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KLTR. Gagnon Securities LLC grew its stake in shares of Kaltura by 16.0% during the fourth quarter. Gagnon Securities LLC now owns 2,217,379 shares of the company’s stock worth $4,878,000 after acquiring an additional 306,332 shares during the last quarter. State Street Corp increased its stake in Kaltura by 0.6% during the 3rd quarter. State Street Corp now owns 1,268,751 shares of the company’s stock valued at $1,726,000 after purchasing an additional 7,719 shares in the last quarter. Barclays PLC raised its holdings in shares of Kaltura by 215.5% in the third quarter. Barclays PLC now owns 152,686 shares of the company’s stock worth $208,000 after buying an additional 104,288 shares during the last quarter. Gagnon Advisors LLC lifted its stake in shares of Kaltura by 34.6% during the fourth quarter. Gagnon Advisors LLC now owns 1,386,044 shares of the company’s stock worth $3,049,000 after buying an additional 356,336 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Kaltura by 280.9% during the third quarter. JPMorgan Chase & Co. now owns 160,984 shares of the company’s stock valued at $219,000 after buying an additional 118,718 shares during the last quarter. 30.79% of the stock is currently owned by hedge funds and other institutional investors.

Kaltura Company Profile

Kaltura, Inc provides various software-as-a-service (SaaS) products and solutions and a platform-as-a-service (PaaS) in the United States, Europe, the Middle East, Africa, and internationally. The company operates through two segments, Enterprise, Education, and Technology (EE&T); and Media and Telecom (M&T).