Short Interest in Kaltura, Inc. (NASDAQ:KLTR) Decreases By 11.7%

Kaltura, Inc. (NASDAQ:KLTR) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 883,200 shares, a drop of 11.7% from the September 30th total of 1,000,000 shares. Based on an average daily trading volume, of 115,100 shares, the days-to-cover ratio is currently 7.7 days. Currently, 1.2% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $3.00 price target on shares of Kaltura in a research report on Friday, August 9th.

Kaltura Price Performance

Shares of NASDAQ KLTR traded down $0.04 during trading on Thursday, hitting $1.27. The company had a trading volume of 79,779 shares, compared to its average volume of 132,305. Kaltura has a 52 week low of $0.76 and a 52 week high of $2.03. The business’s 50-day moving average is $1.29 and its 200 day moving average is $1.22. The company has a market cap of $189.22 million, a P/E ratio of -3.97 and a beta of 0.75. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.10 and a current ratio of 1.10.

Kaltura (NASDAQ:KLTR) last announced its earnings results on Thursday, August 8th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.01. The business had revenue of $44.03 million during the quarter, compared to the consensus estimate of $43.27 million. Kaltura had a negative return on equity of 155.01% and a negative net margin of 24.82%. Equities research analysts predict that Kaltura will post -0.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Kaltura by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 4,216,898 shares of the company’s stock valued at $5,693,000 after acquiring an additional 41,584 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Kaltura by 71.0% during the 1st quarter. Russell Investments Group Ltd. now owns 1,691,777 shares of the company’s stock valued at $2,284,000 after purchasing an additional 702,240 shares during the period. Boston Partners lifted its holdings in shares of Kaltura by 104.8% in the first quarter. Boston Partners now owns 443,905 shares of the company’s stock valued at $599,000 after purchasing an additional 227,127 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Kaltura by 5.7% in the second quarter. Renaissance Technologies LLC now owns 382,600 shares of the company’s stock worth $459,000 after buying an additional 20,500 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Kaltura by 18.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 286,502 shares of the company’s stock valued at $387,000 after buying an additional 44,289 shares in the last quarter. 30.79% of the stock is currently owned by institutional investors and hedge funds.

Kaltura Company 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).