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

Kaltura, Inc. (NASDAQ:KLTR) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 1,040,000 shares, a growth of 19.8% from the August 15th total of 868,200 shares. Based on an average trading volume of 177,500 shares, the days-to-cover ratio is presently 5.9 days. Currently, 1.5% of the company’s shares are sold short.

Kaltura Trading Up 1.6 %

NASDAQ:KLTR traded up $0.02 during mid-day trading on Tuesday, hitting $1.30. The company had a trading volume of 70,899 shares, compared to its average volume of 136,558. The firm has a market cap of $190.98 million, a P/E ratio of -3.88 and a beta of 0.74. Kaltura has a fifty-two week low of $0.76 and a fifty-two week high of $2.03. The business’s fifty day moving average is $1.22 and its two-hundred day moving average is $1.23. 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 (NASDAQ:KLTR) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. The firm had revenue of $44.03 million during the quarter, compared to analysts’ expectations of $43.27 million. Kaltura had a negative net margin of 24.82% and a negative return on equity of 155.01%. As a group, research analysts expect that Kaltura will post -0.29 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KLTR. Bank of New York Mellon Corp lifted its holdings in shares of 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 purchasing an additional 10,534 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Kaltura by 18.3% during the 1st 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. Renaissance Technologies LLC lifted its stake in 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 buying an additional 20,500 shares in the last quarter. Boston Partners boosted its holdings 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 buying an additional 227,127 shares during the period. Finally, Circumference Group LLC acquired a new stake in shares of Kaltura during the fourth quarter worth $1,287,000. 30.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wells Fargo & Company lowered their price objective on Kaltura from $1.50 to $1.00 and set an “underweight” rating for the company in a research report on Friday, June 21st. Needham & Company LLC reiterated a “buy” rating and set a $3.00 price target on shares of Kaltura in a research report on Friday, August 9th.

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).