Circumference Group LLC Lowers Stake in Kaltura, Inc. (NASDAQ:KLTR)

Circumference Group LLC lessened its holdings in shares of Kaltura, Inc. (NASDAQ:KLTR - Free Report) by 35.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 435,181 shares of the company's stock after selling 237,930 shares during the period. Kaltura comprises 0.8% of Circumference Group LLC's holdings, making the stock its 24th largest holding. Circumference Group LLC owned 0.29% of Kaltura worth $957,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Avalon Ventures Management LLC bought a new stake in Kaltura during the 4th quarter worth $19,718,000. Russell Investments Group Ltd. increased its stake in shares of Kaltura by 12.7% in the fourth quarter. Russell Investments Group Ltd. now owns 2,386,927 shares of the company's stock valued at $5,251,000 after buying an additional 268,917 shares during the period. Gagnon Securities LLC raised its holdings in Kaltura by 16.0% in the 4th quarter. Gagnon Securities LLC now owns 2,217,379 shares of the company's stock valued at $4,878,000 after buying an additional 306,332 shares during the last quarter. Geode Capital Management LLC grew its holdings in Kaltura by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 2,001,455 shares of the company's stock worth $4,404,000 after acquiring an additional 11,203 shares during the last quarter. Finally, Gagnon Advisors LLC lifted its holdings in shares of Kaltura by 34.6% during the fourth quarter. Gagnon Advisors LLC now owns 1,386,044 shares of the company's stock worth $3,049,000 after purchasing an additional 356,336 shares during the period. Institutional investors own 30.79% of the company's stock.

Insider Activity at Kaltura

In related news, CFO John N. Doherty sold 17,367 shares of Kaltura stock in a transaction on Friday, April 4th. The stock was sold at an average price of $1.69, for a total transaction of $29,350.23. Following the sale, the chief financial officer now directly owns 1,534,820 shares in the company, valued at approximately $2,593,845.80. This trade represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Kaltura Trading Up 2.3%

Shares of Kaltura stock traded up $0.05 on Monday, reaching $2.21. 366,337 shares of the company's stock were exchanged, compared to its average volume of 309,529. The firm's 50-day moving average is $1.97 and its two-hundred day moving average is $2.12. The company has a market capitalization of $342.83 million, a P/E ratio of -10.52 and a beta of 1.15. 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, Inc. has a 52 week low of $0.76 and a 52 week high of $2.82.

Kaltura (NASDAQ:KLTR - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.04) earnings per share 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 analyst estimates of $44.36 million. Kaltura had a negative net margin of 17.52% and a negative return on equity of 126.99%.

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).