Kaltura, Inc. (NASDAQ:KLTR) Short Interest Down 16.4% in February

Kaltura, Inc. (NASDAQ:KLTR) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 936,800 shares, a decline of 16.4% from the February 13th total of 1,120,000 shares. Based on an average daily trading volume, of 580,500 shares, the short-interest ratio is presently 1.6 days. Currently, 1.4% of the shares of the company are sold short.

Kaltura Stock Up 1.6 %

KLTR stock traded up $0.03 during mid-day trading on Wednesday, hitting $1.86. The stock had a trading volume of 381,662 shares, compared to its average volume of 272,516. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.26. Kaltura has a 1-year low of $0.76 and a 1-year high of $2.82. The company has a fifty day moving average of $2.27 and a 200 day moving average of $1.93. The stock 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) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). The company had revenue of $45.61 million for the quarter, compared to the consensus estimate of $44.36 million. Kaltura had a negative return on equity of 126.99% and a negative net margin of 17.52%.

Analysts Set New Price Targets

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

Insider Activity

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 stock was sold at an average price of $2.46, for a total transaction of $279,539.64. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 11.30% of the company’s stock.

Institutional Trading of Kaltura

Hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC lifted its position in shares of Kaltura by 189.0% in the 4th quarter. Squarepoint Ops LLC now owns 59,415 shares of the company’s stock worth $131,000 after acquiring an additional 38,854 shares during the period. ProShare Advisors LLC lifted its position in shares of Kaltura by 51.2% in the 4th quarter. ProShare Advisors LLC now owns 27,454 shares of the company’s stock worth $60,000 after acquiring an additional 9,291 shares during the period. Occudo Quantitative Strategies LP bought a new stake in shares of Kaltura in the 4th quarter worth approximately $123,000. Millennium Management LLC lifted its position in shares of Kaltura by 249.7% in the 4th quarter. Millennium Management LLC now owns 715,755 shares of the company’s stock worth $1,575,000 after acquiring an additional 511,072 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Kaltura in the 4th quarter worth approximately $80,000. Institutional investors own 30.79% 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).