In yesterday’s Wall Street session, Kaltura Inc (NASDAQ:KLTR) shares traded at $2.28, down -0.87% from the previous session.
KLTR stock price is now 4.22% away from the 50-day moving average and 54.96% away from the 200-day moving average. The market capitalization of the company currently stands at $341.31M.
With the price target reduced from $2 to $1.50, Wells Fargo Downgraded its rating from Equal Weight to Underweight for Kaltura Inc (NASDAQ: KLTR). On April 17, 2023, BofA Securities Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock reducing its target price from $2.75 to quote $1.75, while ‘KeyBanc Capital Markets’ rates the stock as ‘Sector Weight’
In other news, Israeli Natan, Chief Customer Officer sold 1,700 shares of the company’s stock on Jun 21 ’24. The stock was sold for $2,278 at an average price of $1.34. Upon completion of the transaction, the Chief Customer Officer now directly owns 1,362,114 shares in the company, valued at $3.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 18 ’24, Chief Customer Officer Israeli Natan sold 100 shares of the business’s stock. A total of $130 was realized by selling the stock at an average price of $1.30. This leaves the insider owning 1,363,814 shares of the company worth $3.11 million. A total of 56.82% of the company’s stock is owned by insiders.
During the past 12 months, Kaltura Inc has had a low of $0.76 and a high of $2.82. As of last week, the company has a debt-to-equity ratio of 2.12, a current ratio of 1.02, and a quick ratio of 1.02. The fifty day moving average price for KLTR is $2.1877 and a two-hundred day moving average price translates $1.47134 for the stock.
The latest earnings results from Kaltura Inc (NASDAQ: KLTR) was released for 2024-09-30. The net profit margin was -20.71% and return on equity was -130.60% for KLTR. The company reported revenue of $44.3 million for the quarter, compared to $43.54 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.73 percent. For the current quarter, analysts expect KLTR to generate $44.36M in revenue.
