Kaltura, Inc. (NASDAQ:KLTR) Short Interest Down 14.7% in April

Kaltura, Inc. (NASDAQ:KLTR) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 735,900 shares, a decline of 14.7% from the March 31st total of 863,200 shares. Based on an average daily volume of 432,100 shares, the short-interest ratio is presently 1.7 days. Currently, 1.1% of the company’s shares are sold short.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Kaltura

In other news, CFO John N. Doherty sold 113,634 shares of Kaltura 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 sale, the chief financial officer now owns 1,556,682 shares of the company’s stock, valued at approximately $3,829,437.72. The trade was a 6.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 135,496 shares of company stock worth $317,790 in the last ninety days. 11.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Kaltura

Several institutional investors have recently bought and sold shares of KLTR. Barclays PLC boosted its stake in shares of Kaltura by 215.5% in the third quarter. Barclays PLC now owns 152,686 shares of the company’s stock valued at $208,000 after purchasing an additional 104,288 shares during the period. Geode Capital Management LLC boosted its position in Kaltura by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,990,252 shares of the company’s stock valued at $2,707,000 after buying an additional 124,415 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Kaltura by 280.9% in the third quarter. JPMorgan Chase & Co. now owns 160,984 shares of the company’s stock worth $219,000 after acquiring an additional 118,718 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Kaltura by 40.1% during the fourth quarter. SG Americas Securities LLC now owns 45,286 shares of the company’s stock worth $100,000 after acquiring an additional 12,969 shares during the period. Finally, Gagnon Securities LLC raised 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 valued at $4,878,000 after acquiring an additional 306,332 shares in the last quarter. 30.79% of the stock is owned by institutional investors and hedge funds.

Kaltura Price Performance

Kaltura stock opened at $2.23 on Friday. The company’s 50 day simple moving average is $1.96 and its 200-day simple moving average is $2.09. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.12 and a current ratio of 1.12. Kaltura has a 1 year low of $0.76 and a 1 year high of $2.82. The company has a market capitalization of $343.73 million, a price-to-earnings ratio of -10.62 and a beta of 1.17.

Kaltura (NASDAQ:KLTR) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). Kaltura had a negative return on equity of 126.99% and a negative net margin of 17.52%. The firm had revenue of $45.61 million for the quarter, compared to analyst estimates of $44.36 million.

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).