Renaissance Technologies LLC Boosts Stock Position in Kaltura, Inc. (NASDAQ:KLTR)

Renaissance Technologies LLC lifted its stake in shares of Kaltura, Inc. (NASDAQ:KLTR - Free Report) by 58.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 638,600 shares of the company's stock after buying an additional 235,200 shares during the period. Renaissance Technologies LLC owned about 0.43% of Kaltura worth $1,405,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Sei Investments Co. purchased a new position in Kaltura during the 4th quarter worth $25,000. Intech Investment Management LLC purchased a new position in Kaltura during the fourth quarter worth about $98,000. SG Americas Securities LLC grew its position in Kaltura by 40.1% in the 4th quarter. SG Americas Securities LLC now owns 45,286 shares of the company's stock worth $100,000 after purchasing an additional 12,969 shares in the last quarter. Wells Fargo & Company MN grew its position in Kaltura by 53.9% in the 4th quarter. Wells Fargo & Company MN now owns 45,550 shares of the company's stock worth $100,000 after purchasing an additional 15,944 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Kaltura during the 4th quarter worth approximately $310,000. Institutional investors own 30.79% of the company's stock.

Insiders Place Their Bets

In other Kaltura news, CFO John N. Doherty sold 17,367 shares of the company's stock in a transaction dated Friday, April 4th. The shares were 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 $2,593,845.80. This represents a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 135,496 shares of company stock valued at $317,790 over the last ninety days. 11.30% of the stock is currently owned by insiders.

Kaltura Stock Performance

KLTR traded up $0.04 during trading on Friday, hitting $2.23. 253,072 shares of the company traded hands, compared to its average volume of 304,809. Kaltura, Inc. has a one year low of $0.76 and a one year high of $2.82. The stock's fifty day moving average is $1.96 and its 200 day moving average is $2.09. 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 firm has a market cap of $343.73 million, a P/E ratio of -10.62 and a beta of 1.17.

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

Analysts Set New Price Targets

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

Kaltura 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).