Kaltura, Inc. (NASDAQ:KLTR) Short Interest Up 15.1% in April

Key Points

• Short interest rose 15.1% in April to 2,220,772 shares (about 1.7% of the stock), leaving a days-to-cover ratio of 7.6 days based on average volume.
• Mixed insider activity: Director Naama Halevi‑Davidov sold 131,873 shares while Director Richard Levandov bought 40,000, and insiders were net sellers over the past three months (223,125 shares bought vs. 288,647 sold), owning 13.50% of the company.
• Market and analyst view: Institutions own 30.79% of KLTR, the consensus analyst rating is "Hold" with a $3.00 price target, and the stock trades around $1.37 with a market cap near $204 million and negative profitability metrics.

Kaltura, Inc. (NASDAQ:KLTR - Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 2,220,772 shares, a growth of 15.1% from the March 31st total of 1,929,559 shares. Based on an average daily volume of 293,678 shares, the days-to-cover ratio is currently 7.6 days. Approximately 1.7% of the company's stock are short sold.

Insider Buying and Selling at Kaltura

In other Kaltura news, Director Naama Halevi-Davidov sold 131,873 shares of Kaltura stock in a transaction on Friday, March 20th. The shares were sold at an average price of $1.21, for a total value of $159,566.33. Following the sale, the director directly owned 236,809 shares in the company, valued at approximately $286,538.89. The trade was a 35.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Levandov purchased 40,000 shares of the business's stock in a transaction on Monday, March 23rd. The shares were acquired at an average cost of $1.22 per share, for a total transaction of $48,800.00. Following the completion of the transaction, the director directly owned 489,706 shares in the company, valued at approximately $597,441.32. This represents a 8.89% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 223,125 shares of company stock worth $266,523 and sold 288,647 shares worth $356,958. Corporate insiders own 13.50% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KLTR. Hsbc Holdings PLC raised its stake in Kaltura by 69.2% in the 1st quarter. Hsbc Holdings PLC now owns 68,957 shares of the company's stock valued at $85,000 after acquiring an additional 28,194 shares during the period. Acuitas Investments LLC acquired a new stake in Kaltura during the 1st quarter valued at $37,000. Mackenzie Financial Corp bought a new position in Kaltura during the fourth quarter worth $81,000. Millennium Management LLC boosted its position in Kaltura by 21.0% during the fourth quarter. Millennium Management LLC now owns 306,251 shares of the company's stock worth $502,000 after purchasing an additional 53,251 shares during the period. Finally, Bridgeway Capital Management LLC increased its holdings in shares of Kaltura by 9.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 294,700 shares of the company's stock valued at $483,000 after purchasing an additional 25,000 shares during the last quarter. 30.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KLTR has been the subject of several recent research reports. Wall Street Zen cut Kaltura from a "buy" rating to a "hold" rating in a research report on Saturday, March 21st. Needham & Company LLC reaffirmed a "buy" rating and set a $3.00 price target on shares of Kaltura in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $3.00.

Kaltura Price Performance

Kaltura stock opened at $1.37 on Friday. The company's 50-day moving average is $1.27 and its 200-day moving average is $1.46. The firm has a market capitalization of $203.77 million, a PE ratio of -17.13 and a beta of 1.08. Kaltura has a fifty-two week low of $1.06 and a fifty-two week high of $2.33.

Kaltura (NASDAQ:KLTR - Get Free Report) last issued its earnings results on Monday, March 16th. The company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $45.54 million during the quarter, compared to the consensus estimate of $45.35 million. Kaltura had a negative net margin of 6.68% and a negative return on equity of 21.39%.

Kaltura Company Profile

Kaltura, Inc NASDAQ: KLTR is a leading provider of video technology solutions designed to empower organizations to create, manage, distribute and monetize video content at scale. The company's cloud-native platform supports an array of use cases including enterprise communications, online learning, virtual events, media delivery and over-the-top (OTT) television services. By combining open-source roots with software-as-a-service (SaaS) flexibility, Kaltura offers organizations the ability to tailor their video workflows and integrate seamlessly with existing collaboration, learning management and content management systems.

Key offerings from Kaltura include a comprehensive video management system, live streaming and video conferencing capabilities, lecture capture for educational institutions, virtual events and webinars, and turnkey OTT solutions.

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