Kaltura, Inc. (NASDAQ:KLTR) Short Interest Down 16.4% in February

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

Kaltura Trading Up 1.6 %

Shares of NASDAQ:KLTR traded up $0.03 during midday trading on Wednesday, hitting $1.86. The company had a trading volume of 381,662 shares, compared to its average volume of 272,516. Kaltura has a 12 month low of $0.76 and a 12 month high of $2.82. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.26. The stock has a market cap of $286.70 million, a price-to-earnings ratio of -8.86 and a beta of 1.16. The firm has a fifty day simple moving average of $2.27 and a 200 day simple moving average of $1.93.

Kaltura (NASDAQ:KLTR) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share (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 company had revenue of $45.61 million during the quarter, compared to the consensus estimate of $44.36 million.

Insider Transactions at Kaltura

In related news, CFO John N. Doherty sold 113,634 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $2.46, for a total transaction of $279,539.64. Following the completion of the sale, the chief financial officer now directly owns 1,556,682 shares of the company’s stock, valued at $3,829,437.72. This trade represents a 6.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KLTR. Charles Schwab Investment Management Inc. lifted its holdings in Kaltura by 15.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 674,054 shares of the company’s stock worth $917,000 after acquiring an additional 91,138 shares in the last quarter. State Street Corp lifted its holdings in Kaltura by 0.6% during the third quarter. State Street Corp now owns 1,268,751 shares of the company’s stock worth $1,726,000 after acquiring an additional 7,719 shares in the last quarter. Barclays PLC lifted its holdings in Kaltura by 215.5% during the third quarter. Barclays PLC now owns 152,686 shares of the company’s stock worth $208,000 after acquiring an additional 104,288 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Kaltura by 6.7% during the third quarter. Geode Capital Management LLC now owns 1,990,252 shares of the company’s stock worth $2,707,000 after acquiring an additional 124,415 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Kaltura by 280.9% during the third quarter. JPMorgan Chase & Co. now owns 160,984 shares of the company’s stock worth $219,000 after acquiring an additional 118,718 shares in the last quarter. 30.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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).