Short Interest in Kaltura, Inc. (NASDAQ:KLTR) Decreases By 16.4%

Kaltura, Inc. (NASDAQ:KLTR) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 936,800 shares, a decline of 16.4% from the February 13th total of 1,120,000 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average daily volume of 580,500 shares, the days-to-cover ratio is currently 1.6 days.

Kaltura Price Performance

Kaltura stock traded up $0.01 during midday trading on Thursday, reaching $1.87. The company’s stock had a trading volume of 81,356 shares, compared to its average volume of 272,592. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.26. The stock has a market cap of $287.47 million, a PE ratio of -8.88 and a beta of 1.16. Kaltura has a 52 week low of $0.76 and a 52 week high of $2.82. The business has a 50-day moving average price of $2.27 and a 200-day moving average price of $1.93.

Kaltura (NASDAQ:KLTR) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The firm had revenue of $45.61 million during 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%.

Insiders Place Their Bets

In other Kaltura news, CFO John N. Doherty sold 113,634 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now owns 1,556,682 shares in the company, valued at $3,829,437.72. This trade represents a 6.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 11.30% of the company’s stock.

Hedge Funds Weigh In On Kaltura

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Avalon Ventures Management LLC acquired a new position in Kaltura in the fourth quarter valued at approximately $19,718,000. Russell Investments Group Ltd. boosted its stake in Kaltura by 12.7% during the fourth quarter. Russell Investments Group Ltd. now owns 2,386,927 shares of the company’s stock worth $5,251,000 after acquiring an additional 268,917 shares in the last quarter. Gagnon Securities LLC increased its stake in Kaltura by 16.0% in the fourth 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 in the last quarter. Geode Capital Management LLC raised its holdings 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 valued at $4,404,000 after purchasing an additional 11,203 shares during the period. Finally, Gagnon Advisors LLC boosted its position in shares of Kaltura by 34.6% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 30.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 price objective on shares of Kaltura in a research report 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).