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

Kaltura, Inc. (NASDAQ:KLTR) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 936,800 shares, a decline of 16.4% from the February 13th total of 1,120,000 shares. Based on an average trading volume of 580,500 shares, the short-interest ratio is currently 1.6 days. Approximately 1.4% of the shares of the stock are short sold.

Kaltura Stock Up 0.3 %

Shares of NASDAQ:KLTR traded up $0.01 during midday trading on Thursday, reaching $1.87. 81,356 shares of the company were exchanged, compared to its average volume of 272,592. The stock has a fifty day simple moving average of $2.27 and a two-hundred day simple moving average of $1.93. The firm has a market cap of $287.47 million, a PE ratio of -8.88 and a beta of 1.16. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.26. Kaltura has a fifty-two week low of $0.76 and a fifty-two week high of $2.82.

Kaltura (NASDAQ:KLTR) last announced its earnings results on Thursday, February 20th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.03). Kaltura had a negative return on equity of 126.99% and a negative net margin of 17.52%. The business had revenue of $45.61 million for the quarter, compared to analyst estimates of $44.36 million.

Insider Activity

In other Kaltura news, CFO John N. Doherty sold 113,634 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $2.46, for a total transaction of $279,539.64. Following the sale, the chief financial officer now owns 1,556,682 shares of the company’s stock, valued at $3,829,437.72. This represents a 6.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kaltura

A number of institutional investors have recently bought and sold shares of KLTR. Avalon Ventures Management LLC bought a new position in Kaltura during the fourth quarter worth $19,718,000. Russell Investments Group Ltd. boosted its holdings in shares of Kaltura by 12.7% during the 4th 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 period. Gagnon Securities LLC grew its stake in Kaltura by 16.0% in the 4th quarter. Gagnon Securities LLC now owns 2,217,379 shares of the company’s stock valued at $4,878,000 after buying an additional 306,332 shares during the last quarter. Geode Capital Management LLC raised its holdings in Kaltura by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 2,001,455 shares of the company’s stock valued at $4,404,000 after acquiring an additional 11,203 shares during the period. Finally, Gagnon Advisors LLC lifted 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 acquiring an additional 356,336 shares during the last quarter. Institutional investors and hedge funds own 30.79% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 target price on shares of Kaltura in a research note on Friday, March 14th.

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).