Kaltura, Inc. (KLTR)

Over the past six months, Kaltura's stock (KLTR) has experienced several notable events. As of October 3, 2025, the share price was $1.51, marking a 15.27% increase from $1.31 on October 4, 2024. John Doherty will be stepping down as Chief Financial Officer effective December 5, 2025, to join a public medical technology company. The company reaffirmed its financial guidance for the third quarter of 2025 and is scheduled to announce its Q3 results on November 10, 2025. The stock price rose above its 50-day moving average on October 20 and 21, 2025, but also fell below its 15-day moving average on October 17, 2025. Kaltura reported positive Q3 2024 results, with total revenue up 2% year-over-year and subscription revenue up 3% year-over-year. Kaltura announced a strategic realignment in 2023, focusing on core product offerings and operational efficiency. The company is cutting approximately 10% of its headcount with a goal of doubling adjusted EBITDA in 2025 and again in 2026.

Kaltura experiences typical seasonality in its demand for products and services. The first quarter generally sees "seasonally low" new subscription bookings compared to other quarters. This seasonality also impacts cash flow, with most, if not all, cash flow contribution expected in the second half of the year. Remaining performance obligations (RPO) are also subject to seasonal variations.

Kaltura's core business revolves around empowering organizations to create, manage, distribute, and monetize video content at scale, with offerings segmented into Enterprise, Education and Technology, and Media and Telecom. Major products include video portals for managing and distributing content, LMS and CMS extensions for enhancing video capabilities, a virtual event and webinar platform with audience engagement and analytics features, virtual classrooms for online learning, Cloud TV software for media and telecom operators, and AI-powered agents like Class Genie for personalized learning experiences. Kaltura's business model is primarily subscription-based, generating recurring revenue with high gross margins typical of Software-as-a-Service (SaaS) companies.

Kaltura has a significant global presence, with a strong foothold in the Americas and EMEA, which generated 53% and 38% of its revenue respectively in 2024. The company serves customers across North America, Europe, Latin America, Asia Pacific, and the Middle East. Kaltura maintains offices in Israel, Singapore, the United Kingdom, and the United States.

Kaltura has maintained a positive brand reputation over the past year, marked by industry recognition and product innovation. In June 2025, Kaltura was named a Leader in the IDC MarketScape: Worldwide AI-Enabled Enterprise Video Platform 2025 Vendor Assessment and was also recognized by Gartner for Video Platform Services in April 2025. Kaltura has been actively integrating AI into its offerings, releasing Class Genie and introducing new Generative AI capabilities for streaming services. Kaltura highlights strong customer outcomes, including 89% audience engagement for its webinars and events, being a top 1st-party data generator, and its platforms ranking among customers' top three pipeline-driving channels. Kaltura has been covered in 20 media events, with 9 focusing on company updates and 5 on partnerships.

Kaltura, Inc. (KLTR) has a diverse ownership structure, with significant institutional and insider holdings. As of recent filings, 194 institutional owners hold a total of 71,171,114 shares. Major institutional shareholders include Goldman Sachs Group Inc., Avalon Ventures Management, LLC, Sapphire Ventures, L.l.c., BlackRock, Inc., Vanguard Group Inc., Acadian Asset Management Llc, Gagnon Securities Llc and Geode Capital Management, Llc. Individual insider owners with substantial holdings include Narendra Gupta, Ron Yekutiel (co-founder, chairman, and CEO), and Michal Tsur (co-founder). The overall ownership breakdown is approximately 42.74% institutional shareholders, 53.30% Kaltura insiders, and 3.96% retail investors. Insider selling has been observed in the past three months.