Short Interest in Kaltura, Inc. (NASDAQ:KLTR) Decreases By 16.4%

Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) was the target of a significant 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. Currently, 1.4% of the company's stock are sold short. Based on an average daily volume of 580,500 shares, the short-interest ratio is currently 1.6 days.

Wall Street Analysts Forecast Growth

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

Kaltura Stock Performance

Kaltura stock traded up $0.04 during mid-day trading on Friday, reaching $1.87. 1,044,180 shares of the company traded hands, compared to its average volume of 278,528. Kaltura has a fifty-two week low of $0.76 and a fifty-two week high of $2.82. The firm's fifty day moving average is $2.26 and its two-hundred day moving average is $1.94. 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 company has a market capitalization of $288.24 million, a price-to-earnings ratio of -8.90 and a beta of 1.16.

Kaltura (NASDAQ:KLTR - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.03). The firm had revenue of $45.61 million during the quarter, compared to analysts' expectations of $44.36 million. Kaltura had a negative return on equity of 126.99% and a negative net margin of 17.52%.

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Insider Transactions at Kaltura

In related news, CFO John N. Doherty sold 113,634 shares of the business'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 transaction, the chief financial officer now directly owns 1,556,682 shares in the company, valued at $3,829,437.72. The trade was a 6.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 11.30% of the company's stock.

Hedge Funds Weigh In On Kaltura

Institutional investors have recently bought and sold shares of the business. Gagnon Securities LLC increased its stake in shares of Kaltura by 16.0% in the fourth quarter. Gagnon Securities LLC now owns 2,217,379 shares of the company's stock worth $4,878,000 after acquiring an additional 306,332 shares during the period. State Street Corp grew its position in Kaltura by 0.6% during the 3rd quarter. State Street Corp now owns 1,268,751 shares of the company's stock worth $1,726,000 after purchasing an additional 7,719 shares during the period. Barclays PLC grew its position in Kaltura by 215.5% during the 3rd quarter. Barclays PLC now owns 152,686 shares of the company's stock worth $208,000 after purchasing an additional 104,288 shares during the period. Gagnon Advisors LLC raised its stake in shares of Kaltura by 34.6% during the 4th quarter. Gagnon Advisors LLC now owns 1,386,044 shares of the company's stock valued at $3,049,000 after buying an additional 356,336 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted 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 valued at $219,000 after buying an additional 118,718 shares during the period. 30.79% of the stock is owned by hedge funds and other institutional investors.

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).