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

Kaltura, Inc. (NASDAQ:KLTR) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 862,700 shares, a decrease of 11.2% from the March 15th total of 971,000 shares. Based on an average trading volume of 122,000 shares, the short-interest ratio is currently 7.1 days. Approximately 1.4% of the company’s shares are short sold.

Institutional Trading of Kaltura

Several hedge funds have recently modified their holdings of KLTR. Cubist Systematic Strategies LLC acquired a new stake in shares of Kaltura in the second quarter valued at $26,000. Algert Global LLC acquired a new stake in shares of Kaltura in the third quarter valued at $26,000. Verition Fund Management LLC acquired a new stake in shares of Kaltura in the second quarter valued at $27,000. ExodusPoint Capital Management LP acquired a new stake in shares of Kaltura in the first quarter valued at $28,000. Finally, XTX Topco Ltd acquired a new stake in shares of Kaltura in the second quarter valued at $31,000. 30.79% of the stock is currently owned by institutional investors and hedge funds.

Kaltura Stock Down 9.1 %

NASDAQ:KLTR opened at $1.20 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.09. The stock’s fifty day moving average is $1.40 and its two-hundred day moving average is $1.64. Kaltura has a 52 week low of $1.17 and a 52 week high of $2.27. The stock has a market capitalization of $171.91 million, a price-to-earnings ratio of -3.53 and a beta of 0.73.

Kaltura (NASDAQ:KLTR) last released its quarterly earnings results on Thursday, February 22nd. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). Kaltura had a negative return on equity of 130.47% and a negative net margin of 26.47%. The firm had revenue of $44.48 million for the quarter, compared to analyst estimates of $41.97 million. During the same quarter last year, the company earned ($0.11) earnings per share. Research analysts anticipate that Kaltura will post -0.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wells Fargo & Company cut Kaltura from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $2.00 to $1.50 in a report on Wednesday, December 20th. Needham & Company LLC reissued a “buy” rating and issued a $5.00 target price on shares of Kaltura in a research report on Friday, February 23rd.

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).