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

Kaltura, Inc. (NASDAQ:KLTR) was the recipient 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. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 580,500 shares, the short-interest ratio is presently 1.6 days.

Insider Activity at Kaltura

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Sei Investments Co. purchased a new stake in Kaltura in the fourth quarter valued at $25,000. Ameriprise Financial Inc. purchased a new stake in Kaltura in the 4th quarter valued at about $28,000. ProShare Advisors LLC lifted its position in Kaltura by 51.2% in the fourth quarter. ProShare Advisors LLC now owns 27,454 shares of the company’s stock valued at $60,000 after buying an additional 9,291 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in Kaltura during the fourth quarter worth about $67,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Kaltura during the fourth quarter valued at about $80,000. 30.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Kaltura Trading Down 1.9 %

Shares of NASDAQ KLTR traded down $0.04 during trading on Tuesday, hitting $1.83. 60,129 shares of the company were exchanged, compared to its average volume of 270,539. The company has a fifty day moving average price of $2.29 and a 200-day moving average price of $1.92. 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 firm has a market capitalization of $281.30 million, a PE ratio of -8.69 and a beta of 1.16. Kaltura has a 12-month low of $0.76 and a 12-month high of $2.82.

Kaltura (NASDAQ:KLTR) last issued its earnings results on Thursday, February 20th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $45.61 million for the quarter, compared to analysts’ expectations of $44.36 million.

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).