Kaltura, Inc. (NASDAQ:KLTR) Short Interest Down 14.7% in April

Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 735,900 shares, a drop of 14.7% from the March 31st total of 863,200 shares. Based on an average daily volume of 432,100 shares, the short-interest ratio is currently 1.7 days. Approximately 1.1% of the company's stock are short sold.

Kaltura Stock Performance

Shares of KLTR traded down $0.02 during mid-day trading on Tuesday, hitting $2.21. The stock had a trading volume of 240,788 shares, compared to its average volume of 305,729. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.26. The company has a market cap of $342.05 million, a PE ratio of -10.50 and a beta of 1.15. Kaltura has a fifty-two week low of $0.76 and a fifty-two week high of $2.82. The company's fifty day simple moving average is $1.96 and its two-hundred day simple moving average is $2.10.

Kaltura (NASDAQ:KLTR - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). The company had revenue of $45.61 million during the quarter, compared to the consensus estimate of $44.36 million. Kaltura had a negative return on equity of 126.99% and a negative net margin of 17.52%.

Insider Activity

In other news, CFO John N. Doherty sold 17,367 shares of Kaltura stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $1.69, for a total transaction of $29,350.23. Following the sale, the chief financial officer now directly owns 1,534,820 shares of the company's stock, valued at approximately $2,593,845.80. The trade was a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 11.30% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC increased its position in Kaltura by 215.5% in the 3rd quarter. Barclays PLC now owns 152,686 shares of the company's stock valued at $208,000 after acquiring an additional 104,288 shares during the period. Geode Capital Management LLC lifted its holdings in Kaltura by 6.7% in the third quarter. Geode Capital Management LLC now owns 1,990,252 shares of the company's stock worth $2,707,000 after purchasing an additional 124,415 shares during the period. JPMorgan Chase & Co. grew its position in Kaltura by 280.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 160,984 shares of the company's stock valued at $219,000 after buying an additional 118,718 shares in the last quarter. SG Americas Securities LLC increased its stake in Kaltura by 40.1% during the 4th quarter. SG Americas Securities LLC now owns 45,286 shares of the company's stock valued at $100,000 after buying an additional 12,969 shares during the period. Finally, Gagnon Securities LLC raised its position in shares of Kaltura by 16.0% during the 4th quarter. Gagnon Securities LLC now owns 2,217,379 shares of the company's stock worth $4,878,000 after buying an additional 306,332 shares in the last quarter. 30.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Needham & Company LLC reissued a "buy" rating and set a $3.00 price objective on shares of Kaltura in a report on Friday, March 14th.

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).