Kaltura, Inc. (NASDAQ:KLTR) Short Interest Update

Kaltura, Inc. (NASDAQ:KLTR) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 883,200 shares, a decline of 11.7% from the September 30th total of 1,000,000 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average trading volume of 115,100 shares, the days-to-cover ratio is presently 7.7 days.

Institutional Trading of Kaltura

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its position in Kaltura by 71.0% during the first quarter. Russell Investments Group Ltd. now owns 1,691,777 shares of the company’s stock valued at $2,284,000 after acquiring an additional 702,240 shares during the last quarter. Boston Partners grew its holdings in Kaltura by 104.8% during the 1st quarter. Boston Partners now owns 443,905 shares of the company’s stock valued at $599,000 after purchasing an additional 227,127 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in Kaltura by 18.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 286,502 shares of the company’s stock worth $387,000 after purchasing an additional 44,289 shares during the period. Vanguard Group Inc. lifted its stake in Kaltura by 1.0% in the first quarter. Vanguard Group Inc. now owns 4,216,898 shares of the company’s stock worth $5,693,000 after purchasing an additional 41,584 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Kaltura during the third quarter valued at approximately $44,000. Hedge funds and other institutional investors own 30.79% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reiterated a “buy” rating and set a $3.00 target price on shares of Kaltura in a research report on Friday, August 9th.

Kaltura Price Performance

Shares of Kaltura stock traded down $0.04 during trading hours on Thursday, reaching $1.27. The company’s stock had a trading volume of 75,723 shares, compared to its average volume of 132,286. The firm has a 50 day moving average price of $1.29 and a 200-day moving average price of $1.22. 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 has a market cap of $189.22 million, a P/E ratio of -4.09 and a beta of 0.75. Kaltura has a one year low of $0.76 and a one year high of $2.03.

Kaltura (NASDAQ:KLTR) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.01. The company had revenue of $44.03 million for the quarter, compared to analysts’ expectations of $43.27 million. Kaltura had a negative return on equity of 155.01% and a negative net margin of 24.82%. On average, analysts predict that Kaltura will post -0.29 EPS for the current year.

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).