Globeflex Capital L P Makes New $627,000 Investment in Kaltura, Inc. (NASDAQ:KLTR)

Globeflex Capital L P acquired a new stake in shares of Kaltura, Inc. (NASDAQ:KLTR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 284,944 shares of the company's stock, valued at approximately $627,000. Globeflex Capital L P owned about 0.19% of Kaltura at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in KLTR. Charles Schwab Investment Management Inc. raised 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 worth $917,000 after buying an additional 91,138 shares during the last quarter. State Street Corp raised its holdings in Kaltura by 0.6% in the 3rd 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 during the last quarter. Barclays PLC lifted its position in 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 acquiring an additional 104,288 shares in the last quarter. Geode Capital Management LLC boosted its stake in Kaltura by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,990,252 shares of the company's stock valued at $2,707,000 after purchasing an additional 124,415 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Kaltura by 280.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 160,984 shares of the company's stock worth $219,000 after purchasing an additional 118,718 shares in the last quarter. 30.79% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Kaltura

In related news, CFO John N. Doherty sold 113,634 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were 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 in the company, valued at approximately $3,829,437.72. The trade was a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 11.30% of the company's stock.

Kaltura Stock Performance

Kaltura stock traded up $0.03 during midday trading on Wednesday, reaching $1.86. 381,662 shares of the company traded hands, compared to its average volume of 272,516. Kaltura, Inc. has a 12 month low of $0.76 and a 12 month high of $2.82. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.12 and a quick ratio of 1.12. The business has a 50 day moving average of $2.27 and a two-hundred day moving average of $1.93. The firm has a market capitalization of $286.70 million, a price-to-earnings ratio of -8.86 and a beta of 1.16.

Kaltura (NASDAQ:KLTR - Get Free Report) last released its quarterly 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). Kaltura had a negative net margin of 17.52% and a negative return on equity of 126.99%. The firm had revenue of $45.61 million for the quarter, compared to the consensus estimate of $44.36 million.

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).