Kaltura (KLTR) Announces Stock Repurchase Program

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Go back to Kaltura (KLTR) Announces Stock Repurchase Program

Kaltura Announces Stock Repurchase Program

June 11, 2024 7:00 AM EDT

NEW YORK, June 11, 2024 (GLOBE NEWSWIRE) -- Kaltura, Inc. (Kaltura or the Company) (Nasdaq: KLTR), the Video Experience Cloud, today announced that its Board of Directors has authorized a stock repurchase program for up to $5 million of the Companys common stock.

This repurchase authorization underscores the Board and Managements strong conviction that our current share price is undervalued relative to our long-term opportunity. We remain committed to strategically deploying capital where we believe it can generate shareholder value, said Ron Yekutiel, Chairman, President and Chief Executive Officer.

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