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John Doherty, the Chief Financial Officer of Kaltura Inc. (NASDAQ:KLTR), a company with a market capitalization of $273 million, has sold shares valued at $29,350. According to InvestingPro data, the stock has surged nearly 38% over the past six months. According to a recent filing, Doherty disposed of 17,367 shares of common stock on April 4 at a weighted average price of $1.69 per share. This transaction was part of an automatic sale to cover taxes and fees related to the settlement of restricted stock unit awards. Following this sale, Doherty retains ownership of 1,534,820 shares in the company. While currently unprofitable, InvestingPro analysis indicates analysts expect Kaltura to achieve profitability this year. The company maintains a strong balance sheet with more cash than debt, earning a "Fair" financial health rating from InvestingPro's comprehensive assessment system.
In other recent news, Kaltura, Inc. reported its fourth-quarter 2024 earnings, surpassing expectations with an adjusted EBITDA of $2.7 million, notably higher than the consensus estimate of $1.1 million. The company's revenue reached $45.6 million, exceeding the projected $44.32 million and marking a year-over-year increase of 3%. Kaltura's subscription revenue rose by 6%, contributing to an improved gross margin of 71%, up from 64% the previous year. Additionally, the company announced a $15 million stock buyback plan, demonstrating confidence in its long-term strategy and commitment to enhancing shareholder value.
Analysts at JMP Securities raised Kaltura's stock price target from $3.00 to $4.00, maintaining a Market Outperform rating following the earnings beat. Citizens JMP also reiterated a $4.00 price target, highlighting the potential for accelerated revenue growth. Kaltura's strategic initiatives include integrating artificial intelligence into its offerings, aiming to provide hyper-personalized video experiences across various sectors. Furthermore, the company reaffirmed its financial outlook for 2025, projecting subscription revenue growth of 2% to 3% and total revenue growth of 1% to 2%.
CFO John Doherty outlined ambitious long-term goals, targeting the 'Rule of 30' by 2028, which combines 10%+ revenue growth with 15%-20% adjusted EBITDA margins. Despite a slight decline in billings, Kaltura's net revenue retention rate improved to 103%, indicating strong new bookings and gross retention. The company's continued focus on AI-driven innovations and strategic partnerships is expected to support its growth trajectory.
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