Kaltura, Inc. (NASDAQ:KLTR) Sees Large Increase in Short Interest

Kaltura, Inc. (NASDAQ:KLTR) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 775,200 shares, an increase of 12.3% from the June 15th total of 690,400 shares. Based on an average daily volume of 143,800 shares, the short-interest ratio is currently 5.4 days. Approximately 1.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Kaltura

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Psagot Value Holdings Ltd. Israel boosted its position in shares of Kaltura by 132.4% in the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 15,800 shares of the company’s stock valued at $31,000 after acquiring an additional 9,000 shares during the period. SG Americas Securities LLC boosted its position in shares of 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. Jacobs Levy Equity Management Inc. boosted its position in shares of Kaltura by 18.3% in 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. Boston Partners boosted its position 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 acquiring an additional 227,127 shares during the period. Finally, Circumference Group LLC bought a new position in shares of Kaltura in the fourth quarter valued at approximately $1,287,000. Institutional investors own 30.79% of the company’s stock.

Kaltura Stock Performance

KLTR traded up $0.04 during trading on Wednesday, hitting $1.24. 202,915 shares of the company traded hands, compared to its average volume of 141,260. The firm has a market cap of $182.17 million, a P/E ratio of -3.64 and a beta of 0.73. The stock’s fifty day moving average is $1.16 and its 200 day moving average is $1.36. 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 has a one year low of $0.76 and a one year high of $2.27.

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

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $3.00 target price on shares of Kaltura in a report on Monday, May 20th. Wells Fargo & Company reduced their price target on shares of Kaltura from $1.50 to $1.00 and set an “underweight” rating for the company in a research report on Friday, June 21st.

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).