Kaltura: Video Meetings With A Purpose, At A Discount [Seeking Alpha]
Kaltura, Inc. (KLTR)
Company Research
Source: Seeking Alpha
nd3000/iStock via Getty ImagesThe weakKalturaKLTRNot So Hot IPOThe Intel-backed company went public back in July with theIPO pricing at $10The original plans were to sell 23.5 million shares at a price point of $15. Kaltura planned to raise $353 million and the company only raised $150 million prior to the over-allotment sale of 2.25 million shares. Such an outcome is reminiscent of the recent SPACs where redemptions limited the funds actually raised in the going public transaction.Kaltura has ~127 million shares outstanding for Q4'21, pushing the stock valuation down to a meager $400 million. The video meeting company would've seen the stock price soar during the COVID-19 lockdowns similar toZoom Video CommunicationsZMWith the $155 million in net proceeds from the deal, Kaltura has an enterprise valuation of an even more meager $280 million. The company does have $60 million in debt, leaving the net cash position in the $120 million range.Since going public, the stock has traded like
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KLTR
News
- Kaltura Earns Spot on G2's 2024 Best Software Awards for Best Design Software as a Virtual Event Platform [Yahoo! Finance]Yahoo! Finance
- Lessons From 2023: How To Build Better Virtual Events In 2024 [Forbes]Forbes
- Kaltura, Inc. (NASDAQ:KLTR) most popular amongst private equity firms who own 40% of the shares, institutions hold 25% [Yahoo! Finance]Yahoo! Finance
- Kaltura, Inc. (NASDAQ:KLTR) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Kaltura, Inc. (NASDAQ: KLTR) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $5.00 price target on the stock.MarketBeat
KLTR
Earnings
- 2/22/24 - Beat
KLTR
Sec Filings
- 3/21/24 - Form 4
- 3/21/24 - Form 4
- 3/21/24 - Form 4
- KLTR's page on the SEC website