Kaltura, Inc. $KLTR Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. reduced its stake in Kaltura, Inc. by 12.8% during the first quarter, selling 305,040 shares.
• The CFO of Kaltura, John N. Doherty, sold 40,118 shares at an average price of $2.23, decreasing his ownership by 2.61%.
• Wall Street Zen downgraded Kaltura's stock rating from "strong-buy" to "buy", reflecting a shift in analyst sentiment.

Russell Investments Group Ltd. cut its holdings in Kaltura, Inc. (NASDAQ:KLTR - Free Report) by 12.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,081,887 shares of the company's stock after selling 305,040 shares during the period. Russell Investments Group Ltd. owned approximately 1.34% of Kaltura worth $3,917,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in KLTR. Deutsche Bank AG increased its position in shares of Kaltura by 12.3% during the first quarter. Deutsche Bank AG now owns 57,815 shares of the company's stock valued at $109,000 after buying an additional 6,318 shares during the period. Rhumbline Advisers grew its holdings in shares of Kaltura by 10.7% during the first quarter. Rhumbline Advisers now owns 80,304 shares of the company's stock valued at $151,000 after buying an additional 7,760 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Kaltura by 51.2% during the fourth quarter. ProShare Advisors LLC now owns 27,454 shares of the company's stock valued at $60,000 after buying an additional 9,291 shares during the last quarter. Citadel Advisors LLC lifted its position in Kaltura by 11.9% during the fourth quarter. Citadel Advisors LLC now owns 99,813 shares of the company's stock valued at $220,000 after purchasing an additional 10,616 shares during the period. Finally, Geode Capital Management LLC lifted its position in Kaltura by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 2,001,455 shares of the company's stock valued at $4,404,000 after purchasing an additional 11,203 shares during the period. 30.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity at Kaltura

In related news, CFO John N. Doherty sold 40,118 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $2.23, for a total transaction of $89,463.14. Following the completion of the transaction, the chief financial officer owned 1,494,702 shares in the company, valued at $3,333,185.46. The trade was a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 13.50% of the stock is currently owned by company insiders.

Kaltura Trading Up 1.3%

Kaltura stock traded up $0.02 during trading hours on Thursday, hitting $1.61. The company had a trading volume of 160,923 shares, compared to its average volume of 293,326. The firm has a market cap of $248.73 million, a P/E ratio of -13.42 and a beta of 1.08. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.17 and a current ratio of 1.17. Kaltura, Inc. has a 1 year low of $1.06 and a 1 year high of $2.82. The company has a 50-day moving average price of $1.78 and a two-hundred day moving average price of $1.98.

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).