Kaltura, Inc. (NASDAQ:KLTR) CFO John N. Doherty Sells 113,634 Shares of Stock

Kaltura, Inc. (NASDAQ:KLTR) CFO John N. Doherty sold 113,634 shares of Kaltura stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $2.46, for a total transaction of $279,539.64. Following the transaction, the chief financial officer now directly owns 1,556,682 shares in the company, valued at approximately $3,829,437.72. This trade represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Kaltura Trading Up 3.1 %

KLTR opened at $2.00 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.26. The firm’s 50 day moving average is $2.36 and its 200-day moving average is $1.88. The firm has a market capitalization of $308.28 million, a P/E ratio of -9.52 and a beta of 1.14. Kaltura, Inc. has a 52-week low of $0.76 and a 52-week high of $2.82.

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

Institutional Trading of Kaltura

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Squarepoint Ops LLC boosted its holdings in Kaltura by 189.0% in the fourth quarter. Squarepoint Ops LLC now owns 59,415 shares of the company’s stock worth $131,000 after purchasing an additional 38,854 shares during the period. ProShare Advisors LLC boosted its holdings in shares of Kaltura by 51.2% during the fourth quarter. ProShare Advisors LLC now owns 27,454 shares of the company’s stock valued at $60,000 after acquiring an additional 9,291 shares during the period. Occudo Quantitative Strategies LP acquired a new position in shares of Kaltura during the fourth quarter valued at $123,000. Millennium Management LLC boosted its holdings in shares of Kaltura by 249.7% during the fourth quarter. Millennium Management LLC now owns 715,755 shares of the company’s stock valued at $1,575,000 after acquiring an additional 511,072 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Kaltura during the fourth quarter valued at $80,000. Institutional investors own 30.79% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on KLTR shares. Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 price target on shares of Kaltura in a research report on Friday, January 17th. Wells Fargo & Company lifted their price objective on shares of Kaltura from $1.00 to $1.50 and gave the company an “underweight” rating in a research note on Thursday, November 7th.

About Kaltura

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).