S Squared Technology LLC purchased a new stake in Kaltura, Inc. (NASDAQ:KLTR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 893,174 shares of the company's stock, valued at approximately $1,679,000. S Squared Technology LLC owned approximately 0.58% of Kaltura as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. ProShare Advisors LLC lifted its position in shares of Kaltura by 51.2% in the 4th quarter. ProShare Advisors LLC now owns 27,454 shares of the company's stock valued at $60,000 after acquiring an additional 9,291 shares in the last quarter. Millennium Management LLC lifted its position in shares of Kaltura by 249.7% in the 4th quarter. Millennium Management LLC now owns 715,755 shares of the company's stock valued at $1,575,000 after acquiring an additional 511,072 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of Kaltura by 189.0% in the 4th quarter. Squarepoint Ops LLC now owns 59,415 shares of the company's stock valued at $131,000 after acquiring an additional 38,854 shares in the last quarter. Citadel Advisors LLC lifted its position in shares of Kaltura by 11.9% in the 4th quarter. Citadel Advisors LLC now owns 99,813 shares of the company's stock valued at $220,000 after acquiring an additional 10,616 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Kaltura by 39.4% in the 4th quarter. Bank of America Corp DE now owns 176,012 shares of the company's stock valued at $387,000 after acquiring an additional 49,775 shares in the last quarter. Hedge funds and other institutional investors own 30.79% of the company's stock.
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 research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $2.25.
View Our Latest Analysis on KLTR
Kaltura Stock Up 3.6%
Shares of NASDAQ KLTR traded up $0.06 during trading hours on Thursday, hitting $1.71. The stock had a trading volume of 345,278 shares, compared to its average volume of 246,397. The company has a market capitalization of $264.18 million, a P/E ratio of -14.25 and a beta of 1.07. The firm's 50-day moving average price is $1.69 and its two-hundred day moving average price is $1.91. Kaltura, Inc. has a 52 week low of $1.18 and a 52 week high of $2.82. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.17 and a current ratio of 1.17.
Insider Buying and Selling at Kaltura
In other news, CFO John N. Doherty sold 38,114 shares of the firm's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $1.49, for a total transaction of $56,789.86. Following the transaction, the chief financial officer owned 1,441,760 shares in the company, valued at approximately $2,148,222.40. This trade represents a 2.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 13.50% of the company's stock.
Kaltura Profile
(
Free Report)
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).
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