Kaltura, Inc. (NASDAQ:KLTR) Sees Significant Decrease in Short Interest

Kaltura, Inc. (NASDAQ:KLTRGet Free Report) saw a large decline in short interest in May. As of May 31st, there was short interest totalling 658,000 shares, a decline of 15.2% from the May 15th total of 775,500 shares. Based on an average trading volume of 109,600 shares, the days-to-cover ratio is currently 6.0 days. Currently, 1.0% of the company’s stock are short sold.

Kaltura Stock Performance

Shares of KLTR stock traded up $0.08 during trading hours on Monday, reaching $1.30. 333,673 shares of the company’s stock were exchanged, compared to its average volume of 122,638. Kaltura has a fifty-two week low of $0.76 and a fifty-two week high of $2.27. The stock has a market capitalization of $190.98 million, a P/E ratio of -4.03 and a beta of 0.68. The business has a fifty day moving average price of $1.19 and a 200-day moving average price of $1.47. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.26.

Kaltura (NASDAQ:KLTRGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.08) EPS for the quarter, hitting analysts’ consensus estimates of ($0.08). Kaltura had a negative return on equity of 142.20% and a negative net margin of 25.28%. The company had revenue of $44.78 million during the quarter, compared to analyst estimates of $43.24 million. Analysts predict that Kaltura will post -0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 target price on shares of Kaltura in a research note on Monday, May 20th.

Get Our Latest Analysis on KLTR

Institutional Trading of Kaltura

A number of institutional investors and hedge funds have recently modified their holdings of KLTR. SG Americas Securities LLC grew its position in Kaltura by 54.9% in the fourth quarter. SG Americas Securities LLC now owns 19,639 shares of the company’s stock valued at $38,000 after acquiring an additional 6,957 shares during the period. Psagot Value Holdings Ltd. Israel boosted its stake in Kaltura by 132.4% in the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 15,800 shares of the company’s stock worth $31,000 after purchasing an additional 9,000 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Kaltura by 1.0% during the first 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 during the period. Jacobs Levy Equity Management Inc. lifted its stake 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 acquiring an additional 44,289 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Kaltura by 17.3% during the fourth quarter. Russell Investments Group Ltd. now owns 989,537 shares of the company’s stock valued at $1,930,000 after acquiring an additional 145,636 shares during the period. 30.79% of the stock is currently owned by institutional investors.

About Kaltura

(Get Free Report)

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).

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