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Kaltura Inc. (NASDAQ:KLTR) Chief Financial Officer John Doherty recently sold 113,634 shares of the company’s common stock, amounting to approximately $279,539. According to InvestingPro data, this sale comes as the stock has seen significant volatility, with an 83% surge over the past six months despite a recent 10.6% weekly decline. The shares were sold on February 3, 2025, at a weighted average price of $2.46 per share, with individual transactions ranging from $2.40 to $2.57. Following this transaction, Doherty retains ownership of 1,556,682 shares in the company. The sale was conducted to cover taxes and fees related to the settlement of certain restricted stock unit awards. While currently unprofitable, InvestingPro analysis indicates analysts expect profitability this year, with the company maintaining a strong balance sheet featuring more cash than debt. Get access to 8 more exclusive InvestingPro Tips and comprehensive insider trading analysis for KLTR.
In other recent news, Kaltura, Inc. reported its fourth-quarter 2024 earnings, which exceeded expectations. The company posted an adjusted EBITDA of $2.7 million, surpassing the consensus estimate of $1.1 million. Kaltura’s revenue reached $45.6 million, outperforming the anticipated $44.4 million and marking a 3% year-over-year increase. Subscription revenue saw a notable 6% rise, contributing to the company’s strong performance. Gross margin improved significantly to 71%, up from 64% a year ago, reflecting effective cost management.
Analyst Patrick Walravens from JMP Securities raised the price target for Kaltura’s shares to $4.00 from $3.00, maintaining a Market Outperform rating. The company’s net revenue retention rate improved to 103%, indicating strong new bookings and customer retention. However, Kaltura’s billings slightly declined by 4% year-over-year to $45.5 million, just missing the consensus estimate of $45.7 million. Despite this, the company’s committed remaining performance obligations increased by 8% to $118 million compared to the previous year. Kaltura’s strategic investments in AI and product development have been well-received, with new AI-driven products and features enhancing its innovation portfolio.
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