The Vanguard Group, Inc. recently announced the acquisition of new stake in Kaltura Inc. (NASDAQ:KLTR). The institutional investor has increased its shareholding in the Technology company by 34.15% to 2.31 million shares with purchase of 0.59 million shares. This fresh investment now brings its stake to 1.74% valued currently at $4.42 million. In addition, Horrell Capital Management, Inc. raised its holdings by 0.15 million to 0.94 million shares. And BlackRock Fund Advisors has lifted its position by 228.82% or 0.55 million shares – to 0.79 million shares.
With over 0.42 million Kaltura Inc. (KLTR) shares trading Tuesday and a closing price of $2.00 on the day, the dollar volume was approximately $0.84 million. The shares have shown a negative half year performance of -0.50% and its price on 01/10/23 gained nearly 1.01%. Currently, there are 132.19M common shares owned by the public and among those 75.46M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 9 analysts who have offered their price forecasts for KLTR have a consensus price objective of $3.39. The analysts have set the share’s price value over the next 12 months at a high of $6.00 and a low of $2.00. But an upside of 66.67% will see the stock hit the forecast high price target while median target price for the stock is $2.75.
Insiders at the company have transacted a total of 15 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 14 of these insider trades were purchases, accounting for 3,075,267 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Kaltura Inc. are Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu. Vanguard Total Stock Market Index owns 2.12 million shares of the company’s stock, all valued at over $4.05 million. The company bought an additional 0.63 million shares recently to bring their total holdings to about 1.59% of the shares outstanding. Fidelity Extended Market Index Fu now owns shares totaling to 0.25% of the shares outstanding.
However, the script later moved the day high at 2.0100, up 1.01%. The company’s stock has a 5-day price change of 11.11% and 0.50% over the past three months. KLTR shares are trading 16.28% year to date (YTD), with the 12-month market performance down to -37.30% lower. It has a 12-month low price of $1.32 and touched a high of $3.74 over the same period. KLTR has an average intraday trading volume of 99.92K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 13.73%, 10.45%, and 3.28% respectively.
Institutional ownership of Kaltura Inc. (NASDAQ: KLTR) shares accounts for 33.90% of the company’s 132.19M shares outstanding. Mutual fund holders own 17.22%, while other institutional holders and individual stakeholders account for 3.40% and 12.16% respectively.
It has a market capitalization of $269.36M. The earnings-per-share (ttm) stands at -$0.54. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.10% over the week and 6.18% over the month.
Analysts forecast that Kaltura Inc. (KLTR) will achieve an EPS of -$0.09 for the current quarter, -$0.06 for the next quarter and -$0.18 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.12 while analysts give the company a high EPS estimate of -$0.07. Comparatively, EPS for the current quarter was -$0.27 a year ago. Earnings per share for the fiscal year are expected to decrease by -66.90%, and 51.50% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 9 brokerage firm advisors rate Kaltura Inc. (KLTR) as a “Moderate Buy” at a consensus score of 2.60. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 6 of the 9 advise that investors “hold,” and 0 rated it as a “Sell.”
BofA Securities was of a view on February 23, 2022 that the stock is Neutral, while Goldman gave the stock Neutral rating on December 13, 2021, issuing a price target of $5.25.