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

Kaltura, Inc. (NASDAQ:KLTR) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 862,700 shares, a drop of 11.2% from the March 15th total of 971,000 shares. Based on an average daily trading volume, of 122,000 shares, the short-interest ratio is presently 7.1 days. Currently, 1.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Algert Global LLC bought a new position in Kaltura in the 3rd quarter worth $26,000. Cubist Systematic Strategies LLC bought a new position in Kaltura in the 2nd quarter worth about $26,000. Verition Fund Management LLC bought a new position in Kaltura in the 2nd quarter worth about $27,000. XTX Topco Ltd bought a new position in shares of Kaltura during the second quarter valued at approximately $31,000. Finally, ExodusPoint Capital Management LP acquired a new stake in Kaltura in the first quarter valued at approximately $28,000. Hedge funds and other institutional investors own 30.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KLTR. Needham & Company LLC restated a “buy” rating and set a $5.00 price objective on shares of Kaltura in a report on Friday, February 23rd. Wells Fargo & Company lowered shares of Kaltura from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $2.00 to $1.50 in a research report on Wednesday, December 20th.

Kaltura Stock Performance

Shares of KLTR opened at $1.20 on Tuesday. Kaltura has a one year low of $1.17 and a one year high of $2.27. The company has a 50-day simple moving average of $1.40 and a two-hundred day simple moving average of $1.64. The firm has a market capitalization of $171.91 million, a PE ratio of -3.53 and a beta of 0.73. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.12 and a quick ratio of 1.12.

Kaltura (NASDAQ:KLTR) last posted its earnings results on Thursday, February 22nd. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). Kaltura had a negative return on equity of 130.47% and a negative net margin of 26.47%. The company had revenue of $44.48 million during the quarter, compared to the consensus estimate of $41.97 million. During the same period last year, the firm posted ($0.11) EPS. On average, analysts anticipate that Kaltura will post -0.29 EPS for the current fiscal 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).