Boston Partners Lowers Stake in Kaltura, Inc. $KLTR

Key Points

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Boston Partners cut its holdings in Kaltura, Inc. (NASDAQ:KLTR - Free Report) by 59.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 217,774 shares of the company's stock after selling 315,187 shares during the period. Boston Partners owned 0.14% of Kaltura worth $409,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. ProShare Advisors LLC boosted its holdings in Kaltura by 51.2% in the 4th quarter. ProShare Advisors LLC now owns 27,454 shares of the company's stock worth $60,000 after buying an additional 9,291 shares during the period. Geode Capital Management LLC lifted its stake in Kaltura by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 2,001,455 shares of the company's stock worth $4,404,000 after purchasing an additional 11,203 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Kaltura by 58.3% in the 4th quarter. Renaissance Technologies LLC now owns 638,600 shares of the company's stock worth $1,405,000 after purchasing an additional 235,200 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Kaltura by 122.0% in the 4th quarter. JPMorgan Chase & Co. now owns 357,328 shares of the company's stock worth $786,000 after purchasing an additional 196,344 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Kaltura by 249.7% in the 4th quarter. Millennium Management LLC now owns 715,755 shares of the company's stock worth $1,575,000 after purchasing an additional 511,072 shares in the last quarter. 30.79% of the stock is owned by institutional investors.

Kaltura Price Performance

NASDAQ KLTR traded up $0.11 on Friday, hitting $1.49. The stock had a trading volume of 253,553 shares, compared to its average volume of 263,914. The firm has a 50-day moving average of $1.81 and a 200-day moving average of $2.00. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $230.19 million, a price-to-earnings ratio of -12.42 and a beta of 1.08. Kaltura, Inc. has a 52-week low of $1.06 and a 52-week high of $2.82.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Kaltura from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $2.25.

Insider Buying and Selling at Kaltura

In other news, CFO John N. Doherty sold 14,828 shares of the firm's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $1.97, for a total transaction of $29,211.16. Following the sale, the chief financial officer owned 1,479,874 shares in the company, valued at approximately $2,915,351.78. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 13.50% of the company's stock.

Kaltura 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).