Kaltura, Inc. (NASDAQ:KLTR) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its position in Kaltura, Inc. (NASDAQ:KLTR - Free Report) by 12.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,386,927 shares of the company's stock after purchasing an additional 268,917 shares during the quarter. Russell Investments Group Ltd. owned 1.59% of Kaltura worth $5,251,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KLTR. Wells Fargo & Company MN increased its position in shares of Kaltura by 53.9% during the fourth quarter. Wells Fargo & Company MN now owns 45,550 shares of the company's stock worth $100,000 after acquiring an additional 15,944 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Kaltura by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 2,001,455 shares of the company's stock worth $4,404,000 after buying an additional 11,203 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Kaltura in the fourth quarter worth $310,000. JPMorgan Chase & Co. raised its holdings in Kaltura by 122.0% in the fourth quarter. JPMorgan Chase & Co. now owns 357,328 shares of the company's stock valued at $786,000 after acquiring an additional 196,344 shares in the last quarter. Finally, Avalon Ventures Management LLC bought a new position in Kaltura during the 4th quarter valued at $19,718,000. Hedge funds and other institutional investors own 30.79% of the company's stock.

Insider Activity

In other news, CFO John N. Doherty sold 113,634 shares of Kaltura stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $2.46, for a total transaction of $279,539.64. Following the sale, the chief financial officer now owns 1,556,682 shares of the company's stock, valued at approximately $3,829,437.72. The trade was a 6.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 135,496 shares of company stock valued at $317,790. 11.30% of the stock is currently owned by company insiders.

Kaltura Stock Performance

Shares of NASDAQ KLTR traded down $0.04 during trading on Friday, reaching $1.97. The stock had a trading volume of 218,454 shares, compared to its average volume of 295,542. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $303.65 million, a PE ratio of -9.38 and a beta of 1.17. Kaltura, Inc. has a one year low of $0.76 and a one year high of $2.82. The firm's 50 day moving average price is $2.04 and its two-hundred day moving average price is $2.03.

Kaltura (NASDAQ:KLTR - Get Free Report) last issued 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 business had revenue of $45.61 million for the quarter, compared to analyst estimates of $44.36 million. Kaltura had a negative return on equity of 126.99% and a negative net margin of 17.52%.

Wall Street Analysts Forecast Growth

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

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).