Kaltura, Inc. $KLTR Holdings Lifted by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC has increased its stake in Kaltura, Inc. by 170.6%, now owning 1,483,536 shares valued at approximately $2.78 million.
• Recent analyst ratings for Kaltura have been mixed, with Wall Street Zen downgrading the stock from a "strong-buy" to a "buy", resulting in a consensus rating of "Hold".
• Kaltura's stock opened at $1.72, with a one-year price range between $1.23 and $2.82, and a current market cap of $265.72 million.

Acadian Asset Management LLC grew its position in shares of Kaltura, Inc. (NASDAQ:KLTR - Free Report) by 170.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,483,536 shares of the company's stock after purchasing an additional 935,255 shares during the period. Acadian Asset Management LLC owned approximately 0.97% of Kaltura worth $2,780,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of KLTR. Jane Street Group LLC purchased a new stake in Kaltura in the first quarter worth approximately $90,000. S Squared Technology LLC purchased a new stake in shares of Kaltura in the 1st quarter worth about $1,679,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Kaltura during the 1st quarter worth approximately $128,000. AQR Capital Management LLC lifted its position in Kaltura by 99.7% during the first quarter. AQR Capital Management LLC now owns 50,234 shares of the company's stock valued at $94,000 after buying an additional 25,083 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Kaltura by 69.6% in the 1st quarter. Cubist Systematic Strategies LLC now owns 61,772 shares of the company's stock worth $116,000 after purchasing an additional 25,352 shares in the last quarter. 30.79% of the stock is currently owned by institutional investors.

Kaltura Trading Down 3.5%

Shares of NASDAQ:KLTR traded down $0.06 during mid-day trading on Friday, reaching $1.67. 1,281,263 shares of the company were exchanged, compared to its average volume of 263,591. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.17 and a quick ratio of 1.17. The firm's 50-day simple moving average is $1.66 and its 200 day simple moving average is $1.90. Kaltura, Inc. has a 1 year low of $1.24 and a 1 year high of $2.82. The firm has a market cap of $258.00 million, a price-to-earnings ratio of -13.92 and a beta of 1.07.

Insider Buying and Selling

In related news, CFO John N. Doherty sold 38,114 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $1.49, for a total value of $56,789.86. Following the sale, the chief financial officer owned 1,441,760 shares of the company's stock, valued at $2,148,222.40. This trade represents a 2.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Kaltura from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Kaltura currently has a consensus rating of "Hold" and a consensus price target of $2.25.

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).