Kaltura, Inc. (NASDAQ:KLTR) Short Interest Update

Kaltura, Inc. (NASDAQ:KLTR) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 883,200 shares, a decline of 11.7% from the September 30th total of 1,000,000 shares. Based on an average trading volume of 115,100 shares, the short-interest ratio is presently 7.7 days. Approximately 1.2% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a “buy” rating and issued a $3.00 price target on shares of Kaltura in a report on Friday, August 9th.

Kaltura Stock Performance

Shares of KLTR traded down $0.04 during midday trading on Thursday, hitting $1.27. 79,779 shares of the stock traded hands, compared to its average volume of 132,305. The business’s 50 day moving average price is $1.29 and its two-hundred day moving average price is $1.22. The firm has a market capitalization of $189.22 million, a PE ratio of -3.97 and a beta of 0.75. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.10 and a current ratio of 1.10. Kaltura has a 1-year low of $0.76 and a 1-year high of $2.03.

Kaltura (NASDAQ:KLTR) last posted its earnings results on Thursday, August 8th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.01. The firm had revenue of $44.03 million during the quarter, compared to analysts’ expectations of $43.27 million. Kaltura had a negative net margin of 24.82% and a negative return on equity of 155.01%. Equities research analysts predict that Kaltura will post -0.29 EPS for the current fiscal year.

Institutional Trading of Kaltura

Several hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its holdings in shares of Kaltura by 71.0% during the first quarter. Russell Investments Group Ltd. now owns 1,691,777 shares of the company’s stock valued at $2,284,000 after purchasing an additional 702,240 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Kaltura by 18.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 286,502 shares of the company’s stock worth $387,000 after buying an additional 44,289 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Kaltura by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 4,216,898 shares of the company’s stock worth $5,693,000 after buying an additional 41,584 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Kaltura by 4.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 231,173 shares of the company’s stock worth $277,000 after acquiring an additional 10,534 shares during the period. Finally, Boston Partners boosted its holdings in shares of Kaltura by 104.8% in the first quarter. Boston Partners now owns 443,905 shares of the company’s stock valued at $599,000 after acquiring an additional 227,127 shares in the last quarter. Institutional investors own 30.79% of the company’s stock.

About Kaltura

Kaltura, Inc provides various software-as-a-service (SaaS) products and solutions and a platform-as-a-service (PaaS) in the United States, Europe, the Middle East, Africa, and internationally. The company operates through two segments, Enterprise, Education, and Technology (EE&T); and Media and Telecom (M&T).