Avalon Ventures Management LLC Makes New Investment in Kaltura, Inc. (NASDAQ:KLTR)

Avalon Ventures Management LLC acquired a new position in Kaltura, Inc. (NASDAQ:KLTR) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 8,962,707 shares of the company’s stock, valued at approximately $19,718,000. Kaltura accounts for about 100.0% of Avalon Ventures Management LLC’s portfolio, making the stock its largest holding. Avalon Ventures Management LLC owned about 0.06% of Kaltura at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Gagnon Securities LLC increased its stake in shares of 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 acquiring an additional 306,332 shares during the last quarter. State Street Corp grew 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 valued at $1,726,000 after purchasing an additional 7,719 shares during the period. Barclays PLC increased its stake in Kaltura by 215.5% in the third quarter. Barclays PLC now owns 152,686 shares of the company’s stock valued at $208,000 after purchasing an additional 104,288 shares in the last quarter. Gagnon Advisors LLC raised its holdings in Kaltura by 34.6% in the fourth quarter. Gagnon Advisors LLC now owns 1,386,044 shares of the company’s stock worth $3,049,000 after purchasing an additional 356,336 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Kaltura by 280.9% in the third quarter. JPMorgan Chase & Co. now owns 160,984 shares of the company’s stock worth $219,000 after purchasing an additional 118,718 shares during the period. 30.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reiterated a “buy” rating and set a $3.00 target price on shares of Kaltura in a report on Friday, March 14th.

Kaltura Trading Up 2.2 %

Kaltura stock opened at $1.87 on Monday. 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 has a 50-day simple moving average of $2.26 and a 200 day simple moving average of $1.94. Kaltura, Inc. has a 52 week low of $0.76 and a 52 week high of $2.82. The stock has a market capitalization of $288.24 million, a P/E ratio of -8.90 and a beta of 1.16.

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

Insiders Place Their Bets

In other Kaltura news, CFO John N. Doherty sold 113,634 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $2.46, for a total value of $279,539.64. Following the completion of the sale, the chief financial officer now owns 1,556,682 shares of the company’s stock, valued at approximately $3,829,437.72. This trade represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 11.30% 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).