Short Interest in Kaltura, Inc. (NASDAQ:KLTR) Grows By 19.8%

Kaltura, Inc. (NASDAQ:KLTR) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,040,000 shares, an increase of 19.8% from the August 15th total of 868,200 shares. Based on an average daily volume of 177,500 shares, the days-to-cover ratio is currently 5.9 days. Currently, 1.5% of the shares of the stock are sold short.

Kaltura Stock Up 10.2 %

KLTR traded up $0.12 during trading on Friday, reaching $1.30. 126,971 shares of the stock traded hands, compared to its average volume of 137,214. The stock has a market cap of $190.98 million, a price-to-earnings ratio of -3.94 and a beta of 0.74. Kaltura has a fifty-two week low of $0.76 and a fifty-two week high of $2.03. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.10 and a quick ratio of 1.10. The stock’s 50-day simple moving average is $1.22 and its two-hundred day simple moving average is $1.23.

Kaltura (NASDAQ:KLTR) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. Kaltura had a negative return on equity of 155.01% and a negative net margin of 24.82%. The firm had revenue of $44.03 million during the quarter, compared to analysts’ expectations of $43.27 million. As a group, equities research analysts expect that Kaltura will post -0.29 EPS for the current year.

Institutional Trading of Kaltura

Institutional investors and hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its stake in shares of Kaltura by 71.0% in the first quarter. Russell Investments Group Ltd. now owns 1,691,777 shares of the company’s stock worth $2,284,000 after purchasing an additional 702,240 shares during the period. Circumference Group LLC acquired a new position in Kaltura during the 4th quarter worth $1,287,000. Boston Partners lifted its holdings in Kaltura by 104.8% during the 1st quarter. Boston Partners now owns 443,905 shares of the company’s stock worth $599,000 after buying an additional 227,127 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Kaltura by 18.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 286,502 shares of the company’s stock worth $387,000 after buying an additional 44,289 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Kaltura by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 4,216,898 shares of the company’s stock valued at $5,693,000 after purchasing an additional 41,584 shares during the period. Institutional investors and hedge funds own 30.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KLTR. Needham & Company LLC reiterated a “buy” rating and set a $3.00 price target on shares of Kaltura in a research report on Friday, August 9th. Wells Fargo & Company lowered their price target on Kaltura from $1.50 to $1.00 and set an “underweight” rating on the stock in a report on Friday, June 21st.

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).