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

Kaltura, Inc. (NASDAQ:KLTR) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 1,170,000 shares, an increase of 6.4% from the January 15th total of 1,100,000 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily volume of 545,800 shares, the short-interest ratio is presently 2.1 days.

Hedge Funds Weigh In On Kaltura

A number of institutional investors have recently bought and sold shares of the business. Avalon Ventures Management LLC acquired a new position in Kaltura during the fourth quarter worth approximately $19,718,000. Russell Investments Group Ltd. increased its position in Kaltura by 12.7% during the fourth quarter. Russell Investments Group Ltd. now owns 2,386,927 shares of the company’s stock worth $5,251,000 after buying an additional 268,917 shares during the last quarter. Gagnon Securities LLC increased its position in Kaltura by 16.0% during the fourth quarter. Gagnon Securities LLC now owns 2,217,379 shares of the company’s stock worth $4,878,000 after buying an additional 306,332 shares during the last quarter. Geode Capital Management LLC increased its position in Kaltura by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 2,001,455 shares of the company’s stock worth $4,404,000 after buying an additional 11,203 shares during the last quarter. Finally, Gagnon Advisors LLC increased its position in Kaltura by 34.6% during the fourth quarter. Gagnon Advisors LLC now owns 1,386,044 shares of the company’s stock worth $3,049,000 after buying an additional 356,336 shares during the last quarter. Institutional investors and hedge funds own 30.79% of the company’s stock.

Kaltura Stock Down 6.1 %

KLTR traded down $0.17 on Monday, hitting $2.61. 239,293 shares of the company were exchanged, compared to its average volume of 540,251. Kaltura has a 12 month low of $0.76 and a 12 month high of $2.82. The company has a market cap of $390.70 million, a PE ratio of -10.04 and a beta of 1.14. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.12 and a current ratio of 1.12. The stock’s fifty day moving average is $2.37 and its 200-day moving average is $1.79.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wells Fargo & Company upped their target price on Kaltura from $1.00 to $1.50 and gave the stock an “underweight” rating in a report on Thursday, November 7th. Needham & Company LLC reiterated a “buy” rating and set a $3.00 target price on shares of Kaltura in a report on Friday, January 17th.

Kaltura Company Profile

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).