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

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

Analysts Set New Price Targets

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

Kaltura Price Performance

NASDAQ KLTR traded down $0.04 during trading hours on Thursday, hitting $1.27. 79,779 shares of the company’s stock traded hands, compared to its average volume of 132,305. Kaltura has a 52-week low of $0.76 and a 52-week high of $2.03. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $189.22 million, a PE ratio of -3.97 and a beta of 0.75. The firm’s 50-day moving average is $1.29 and its 200-day moving average is $1.22.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in shares of Kaltura in the 3rd quarter worth approximately $44,000. Bank of New York Mellon Corp grew its holdings in shares of Kaltura by 4.8% in the second quarter. Bank of New York Mellon Corp now owns 231,173 shares of the company’s stock valued at $277,000 after purchasing an additional 10,534 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in 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 during the period. Renaissance Technologies LLC lifted its holdings in Kaltura by 5.7% during the 2nd quarter. Renaissance Technologies LLC now owns 382,600 shares of the company’s stock worth $459,000 after buying an additional 20,500 shares in the last quarter. Finally, Boston Partners grew its stake in shares of Kaltura by 104.8% in the first quarter. Boston Partners now owns 443,905 shares of the company’s stock worth $599,000 after acquiring an additional 227,127 shares in the last quarter. Institutional investors and hedge funds 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).