Kaltura, Inc. (NASDAQ:KLTR) Short Interest Update

Kaltura, Inc. (NASDAQ:KLTR) was the target of a large increase in short interest in September. As of September 30th, there was short interest totalling 1,000,000 shares, an increase of 5.2% from the September 15th total of 950,900 shares. Based on an average daily volume of 142,300 shares, the short-interest ratio is currently 7.0 days. Approximately 1.4% of the company’s stock are short sold.

Hedge Funds Weigh In On Kaltura

A number of hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its position in shares of Kaltura by 71.0% in the 1st quarter. Russell Investments Group Ltd. now owns 1,691,777 shares of the company’s stock worth $2,284,000 after acquiring an additional 702,240 shares in the last quarter. Boston Partners lifted its stake in Kaltura by 104.8% during the first quarter. Boston Partners now owns 443,905 shares of the company’s stock worth $599,000 after purchasing an additional 227,127 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Kaltura by 18.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 286,502 shares of the company’s stock worth $387,000 after purchasing an additional 44,289 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Kaltura by 1.0% in the first quarter. Vanguard Group Inc. now owns 4,216,898 shares of the company’s stock worth $5,693,000 after purchasing an additional 41,584 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Kaltura during the third quarter valued at $44,000. 30.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KLTR has been the subject of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $3.00 price objective on shares of Kaltura in a research report on Friday, August 9th. Wells Fargo & Company cut their price target on Kaltura from $1.50 to $1.00 and set an “underweight” rating on the stock in a research note on Friday, June 21st.

Kaltura Stock Up 3.7 %

KLTR stock opened at $1.39 on Thursday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.33. The firm has a 50 day simple moving average of $1.26 and a 200-day simple moving average of $1.23. The company has a market capitalization of $204.21 million, a P/E ratio of -4.21 and a beta of 0.75. Kaltura has a twelve month low of $0.76 and a twelve month high of $2.03.

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

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).