Short Interest in Kaltura, Inc. (NASDAQ:KLTR) Drops By 11.7%

Kaltura, Inc. (NASDAQ:KLTR) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 883,200 shares, a decrease of 11.7% from the September 30th total of 1,000,000 shares. Based on an average daily trading volume, of 115,100 shares, the short-interest ratio is presently 7.7 days. Approximately 1.2% of the company’s stock are short sold.

Kaltura Stock Performance

NASDAQ KLTR traded down $0.04 during trading hours on Thursday, hitting $1.27. The company had a trading volume of 79,779 shares, compared to its average volume of 132,305. The business has a 50 day moving average of $1.29 and a 200-day moving average of $1.22. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.10 and a current ratio of 1.10. Kaltura has a 1-year low of $0.76 and a 1-year high of $2.03. The company has a market cap of $189.22 million, a PE ratio of -3.97 and a beta of 0.75.

Kaltura (NASDAQ:KLTR) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping 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 return on equity of 155.01% and a negative net margin of 24.82%. As a group, equities research analysts expect that Kaltura will post -0.29 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reissued a “buy” rating and issued a $3.00 target price on shares of Kaltura in a report on Friday, August 9th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in shares of Kaltura during the third quarter worth about $44,000. Bank of New York Mellon Corp raised its stake in Kaltura by 4.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 231,173 shares of the company’s stock valued at $277,000 after acquiring an additional 10,534 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Kaltura by 18.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 286,502 shares of the company’s stock valued at $387,000 after purchasing an additional 44,289 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Kaltura by 5.7% in the second quarter. Renaissance Technologies LLC now owns 382,600 shares of the company’s stock valued at $459,000 after purchasing an additional 20,500 shares during the period. Finally, Boston Partners raised its stake in shares of 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. 30.79% of the stock is currently owned by institutional investors and hedge funds.

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).