Horrell Capital Management Inc. Reduces Holdings in Kaltura, Inc. (NASDAQ:KLTR)

Horrell Capital Management Inc. reduced its position in Kaltura, Inc. (NASDAQ:KLTR) by 35.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 435,181 shares of the company’s stock after selling 237,930 shares during the period. Horrell Capital Management Inc.’s holdings in Kaltura were worth $957,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Gagnon Securities LLC lifted its holdings in 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 during the last quarter. State Street Corp lifted its stake in Kaltura by 0.6% during the third quarter. State Street Corp now owns 1,268,751 shares of the company’s stock worth $1,726,000 after purchasing an additional 7,719 shares during the last quarter. Barclays PLC boosted its holdings in Kaltura by 215.5% in the third quarter. Barclays PLC now owns 152,686 shares of the company’s stock worth $208,000 after purchasing an additional 104,288 shares during the period. Gagnon Advisors LLC boosted its holdings in Kaltura by 34.6% in the fourth quarter. Gagnon Advisors LLC now owns 1,386,044 shares of the company’s stock worth $3,049,000 after purchasing an additional 356,336 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in 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 last quarter. 30.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Kaltura Stock Performance

Shares of KLTR opened at $1.87 on Monday. The firm has a market capitalization of $288.24 million, a PE ratio of -8.90 and a beta of 1.16. 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 50-day moving average price of $2.26 and a 200 day moving average price of $1.94. Kaltura, Inc. has a 52-week low of $0.76 and a 52-week high of $2.82.

Kaltura (NASDAQ:KLTR) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). Kaltura had a negative net margin of 17.52% and a negative return on equity of 126.99%. The company had revenue of $45.61 million for the quarter, compared to analyst estimates of $44.36 million.

Insider Transactions at Kaltura

In other Kaltura news, CFO John N. Doherty sold 113,634 shares of Kaltura stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $2.46, for a total value of $279,539.64. Following the transaction, the chief financial officer now owns 1,556,682 shares in the company, 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 can be accessed through this hyperlink. Corporate insiders own 11.30% of the company’s stock.

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).