New York State Common Retirement Fund Decreases Stock Holdings in Kaltura, Inc. (NASDAQ:KLTR)

New York State Common Retirement Fund lessened its stake in Kaltura, Inc. (NASDAQ:KLTR) by 24.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,542 shares of the company’s stock after selling 11,300 shares during the period. New York State Common Retirement Fund’s holdings in Kaltura were worth $78,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Gagnon Securities LLC boosted its holdings in shares of Kaltura by 16.0% in the 4th quarter. Gagnon Securities LLC now owns 2,217,379 shares of the company’s stock valued at $4,878,000 after buying an additional 306,332 shares in the last quarter. Geode Capital Management LLC lifted its position in Kaltura by 6.7% during the third quarter. Geode Capital Management LLC now owns 1,990,252 shares of the company’s stock valued at $2,707,000 after acquiring an additional 124,415 shares during the last quarter. Gagnon Advisors LLC boosted its stake in Kaltura by 34.6% in the fourth quarter. Gagnon Advisors LLC now owns 1,386,044 shares of the company’s stock valued at $3,049,000 after acquiring an additional 356,336 shares in the last quarter. State Street Corp boosted its stake in Kaltura by 0.6% in the third quarter. State Street Corp now owns 1,268,751 shares of the company’s stock valued at $1,726,000 after acquiring an additional 7,719 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Kaltura by 15.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 674,054 shares of the company’s stock worth $917,000 after purchasing an additional 91,138 shares during the last quarter. 30.79% of the stock is currently owned by institutional investors.

Kaltura Stock Up 3.1 %

KLTR stock opened at $2.00 on Thursday. The stock has a market capitalization of $308.28 million, a PE ratio of -9.52 and a beta of 1.14. Kaltura, Inc. has a 52 week low of $0.76 and a 52 week high of $2.82. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.26. The firm has a 50 day moving average of $2.36 and a 200 day moving average of $1.88.

Kaltura (NASDAQ:KLTR) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The company had revenue of $45.61 million during the quarter, compared to analysts’ expectations of $44.36 million. Kaltura had a negative return on equity of 126.99% and a negative net margin of 17.52%.

Insider Buying and Selling

In other news, CFO John N. Doherty sold 113,634 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $2.46, for a total value of $279,539.64. Following the transaction, the chief financial officer now directly owns 1,556,682 shares of the company’s stock, valued at approximately $3,829,437.72. This represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 11.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

KLTR has been the subject of several analyst reports. Wells Fargo & Company increased their price objective on Kaltura from $1.00 to $1.50 and gave the company an “underweight” rating in a report on Thursday, November 7th. Needham & Company LLC reiterated a “buy” rating and issued a $3.00 price target on shares of Kaltura in a research note on Friday, January 17th.

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).