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

Kaltura, Inc. (NASDAQ:KLTR) CFO John N. Doherty sold 113,634 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $2.46, for a total transaction of $279,539.64. Following the completion of the sale, the chief financial officer now directly owns 1,556,682 shares of the company’s stock, valued at $3,829,437.72. The trade was a 6.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Kaltura Trading Up 3.1 %

Shares of Kaltura stock opened at $2.00 on Thursday. The company’s fifty day simple moving average is $2.36 and its 200-day simple moving average is $1.88. The company has a market cap of $308.28 million, a price-to-earnings ratio of -9.52 and a beta of 1.14. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.26. Kaltura, Inc. has a 1 year low of $0.76 and a 1 year high of $2.82.

Kaltura (NASDAQ:KLTR) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $45.61 million for the quarter, compared to analyst estimates of $44.36 million.

Analyst Upgrades and Downgrades

A number of research firms have commented on KLTR. Wells Fargo & Company upped 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. Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 price objective on shares of Kaltura in a research report on Friday, January 17th.

Hedge Funds Weigh In On Kaltura

Several institutional investors have recently modified their holdings of KLTR. Avalon Ventures Management LLC bought a new stake in Kaltura in the 4th quarter valued at approximately $19,718,000. Millennium Management LLC grew its holdings in shares of Kaltura by 249.7% during the 4th quarter. Millennium Management LLC now owns 715,755 shares of the company’s stock worth $1,575,000 after purchasing an additional 511,072 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Kaltura during the 4th quarter worth $935,000. Gagnon Advisors LLC boosted its stake in Kaltura by 34.6% in the fourth quarter. Gagnon Advisors LLC now owns 1,386,044 shares of the company’s stock valued at $3,049,000 after buying an additional 356,336 shares in the last quarter. Finally, Gagnon Securities LLC boosted its stake in Kaltura by 16.0% in the fourth quarter. Gagnon Securities LLC now owns 2,217,379 shares of the company’s stock valued at $4,878,000 after buying an additional 306,332 shares in the last quarter. 30.79% of the stock is currently owned by institutional investors and hedge funds.

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).