Avalon Ventures Management LLC Acquires Shares of 8,962,707 Kaltura, Inc. (NASDAQ:KLTR)

Avalon Ventures Management LLC purchased a new position in shares of Kaltura, Inc. (NASDAQ:KLTR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,962,707 shares of the company's stock, valued at approximately $19,718,000. Kaltura makes up approximately 100.0% of Avalon Ventures Management LLC's investment portfolio, making the stock its biggest position. Avalon Ventures Management LLC owned about 5.99% of Kaltura as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in KLTR. Charles Schwab Investment Management Inc. boosted its holdings in Kaltura by 15.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 674,054 shares of the company's stock valued at $917,000 after purchasing an additional 91,138 shares during the period. State Street Corp boosted its stake in shares of Kaltura by 0.6% in the 3rd quarter. State Street Corp now owns 1,268,751 shares of the company's stock valued at $1,726,000 after buying an additional 7,719 shares during the period. Barclays PLC boosted its stake in shares of Kaltura by 215.5% in the 3rd quarter. Barclays PLC now owns 152,686 shares of the company's stock valued at $208,000 after buying an additional 104,288 shares during the period. Geode Capital Management LLC grew its position in shares of 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 buying an additional 124,415 shares in the last quarter. 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 valued at $219,000 after acquiring an additional 118,718 shares in the last quarter. Institutional investors and hedge funds own 30.79% of the company's stock.

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Kaltura Stock Up 1.0 %

Kaltura stock traded up $0.02 during midday trading on Friday, reaching $1.94. The company's stock had a trading volume of 265,765 shares, compared to its average volume of 284,419. The company has a market cap of $299.03 million, a P/E ratio of -9.24 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. The business has a 50-day simple moving average of $2.23 and a 200-day simple moving average of $1.96. Kaltura, Inc. has a fifty-two week low of $0.76 and a fifty-two week high of $2.82.

Kaltura (NASDAQ:KLTR - Get Free Report) last issued its earnings results 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). The business had revenue of $45.61 million for the quarter, compared to analyst estimates of $44.36 million. Kaltura had a negative return on equity of 126.99% and a negative net margin of 17.52%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Kaltura

In other Kaltura news, CFO John N. Doherty sold 113,634 shares of Kaltura stock in a transaction that occurred 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 transaction, the chief financial officer now owns 1,556,682 shares of the company's stock, valued at $3,829,437.72. The trade was a 6.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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).