Kaltura, Inc. (NASDAQ:KLTR) Short Interest Down 12.0% in August

Kaltura, Inc. (NASDAQ:KLTR) was the target of a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 868,200 shares, a decrease of 12.0% from the July 31st total of 986,200 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 182,100 shares, the short-interest ratio is presently 4.8 days.

Wall Street Analyst Weigh In

KLTR has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 price target on shares of Kaltura in a 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 for the company in a research note on Friday, June 21st.

Hedge Funds Weigh In On Kaltura

Hedge funds and other institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. raised its holdings in Kaltura by 17.3% during the 4th 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. Psagot Value Holdings Ltd. Israel grew its stake in shares of Kaltura by 132.4% during the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 15,800 shares of the company’s stock valued at $31,000 after buying an additional 9,000 shares during the last quarter. Circumference Group LLC bought a new stake in shares of Kaltura in the fourth quarter worth about $1,287,000. Vanguard Group Inc. grew its stake in shares of 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 last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Kaltura by 18.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 286,502 shares of the company’s stock worth $387,000 after buying an additional 44,289 shares during the period. Hedge funds and other institutional investors own 30.79% of the company’s stock.

Kaltura Price Performance

NASDAQ:KLTR opened at $1.36 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.33. The stock’s 50 day moving average price is $1.22 and its two-hundred day moving average price is $1.25. The firm has a market capitalization of $199.80 million, a price-to-earnings ratio of -4.12 and a beta of 0.74. Kaltura has a 12-month low of $0.76 and a 12-month high of $2.05.

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

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).