Millennium Management LLC Acquires 511,072 Shares of Kaltura, Inc. (NASDAQ:KLTR)

Millennium Management LLC raised its holdings in Kaltura, Inc. (NASDAQ:KLTR - Free Report) by 249.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 715,755 shares of the company's stock after acquiring an additional 511,072 shares during the period. Millennium Management LLC owned about 0.48% of Kaltura worth $1,575,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. acquired a new position in Kaltura in the fourth quarter valued at about $25,000. Ameriprise Financial Inc. acquired a new position in shares of Kaltura during the fourth quarter worth about $28,000. The Manufacturers Life Insurance Company acquired a new position in shares of Kaltura during the fourth quarter worth about $67,000. Cubist Systematic Strategies LLC acquired a new position in shares of Kaltura during the fourth quarter worth about $80,000. Finally, Intech Investment Management LLC acquired a new position in shares of Kaltura during the fourth quarter worth about $98,000. 30.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO John N. Doherty sold 40,118 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $2.23, for a total transaction of $89,463.14. Following the sale, the chief financial officer now owns 1,494,702 shares in the company, valued at approximately $3,333,185.46. This represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 13.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KLTR shares. Wall Street Zen cut Kaltura from a "strong-buy" rating to a "buy" rating in a research report on Friday. Needham & Company LLC reaffirmed a "buy" rating and set a $3.00 price objective on shares of Kaltura in a research report on Friday, March 14th.

Kaltura Stock Up 0.9%

KLTR traded up $0.02 on Friday, hitting $2.23. 253,910 shares of the company were exchanged, compared to its average volume of 323,131. Kaltura, Inc. has a 12 month low of $0.81 and a 12 month high of $2.82. The company has a market cap of $342.57 million, a PE ratio of -10.62 and a beta of 1.12. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.12 and a current ratio of 1.12. The stock's fifty day moving average is $2.08 and its 200-day moving average is $2.18.

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).