Needham & Company LLC Reiterates “Buy” Rating for Kaltura (NASDAQ:KLTR)

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

Kaltura Trading Down 1.1 %

Shares of Kaltura stock opened at $1.85 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $285.16 million, a price-to-earnings ratio of -8.81 and a beta of 1.16. The business has a fifty day simple moving average of $2.30 and a two-hundred day simple moving average of $1.92. Kaltura has a 1 year low of $0.76 and a 1 year high of $2.82.

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

Insider Buying and Selling

In related news, CFO John N. Doherty sold 113,634 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $2.46, for a total value of $279,539.64. Following the sale, the chief financial officer now directly 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 11.30% of the stock is owned by company insiders.

Institutional Trading of Kaltura

Large investors have recently bought and sold shares of the business. State Street Corp boosted its stake in shares of Kaltura by 0.6% during the third 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. ProShare Advisors LLC increased its holdings in Kaltura by 51.2% in the fourth quarter. ProShare Advisors LLC now owns 27,454 shares of the company’s stock worth $60,000 after purchasing an additional 9,291 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of Kaltura by 11.9% during the fourth quarter. Citadel Advisors LLC now owns 99,813 shares of the company’s stock valued at $220,000 after acquiring an additional 10,616 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Kaltura by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 2,001,455 shares of the company’s stock valued at $4,404,000 after acquiring an additional 11,203 shares in the last quarter. Finally, Sei Investments Co. bought a new stake in shares of Kaltura during the fourth quarter valued at approximately $25,000. 30.79% of the stock is owned by institutional investors and hedge funds.

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).