Kaltura, Inc. (NASDAQ:KLTR) Sees Significant Decrease in Short Interest

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

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, CFO John N. Doherty sold 17,367 shares of Kaltura stock in a transaction on Friday, April 4th. The stock was sold at an average price of $1.69, for a total value of $29,350.23. Following the transaction, the chief financial officer now owns 1,534,820 shares in the company, valued at approximately $2,593,845.80. This trade represents a 1.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

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

Kaltura Stock Up 1.6 %

Shares of KLTR traded up $0.04 during mid-day trading on Thursday, hitting $2.24. 94,546 shares of the company traded hands, compared to its average volume of 305,550. The business has a 50 day moving average of $1.96 and a 200 day moving average of $2.10. The company has a market capitalization of $346.70 million, a PE ratio of -10.60 and a beta of 1.15. Kaltura has a 1-year low of $0.76 and a 1-year high of $2.82. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.26.

Kaltura (NASDAQ:KLTR - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.01) earnings per share for the quarter. Kaltura had a negative net margin of 17.52% and a negative return on equity of 126.99%.

About Kaltura

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).