Kaltura, Inc. (NASDAQ:KLTR) Short Interest Update

Kaltura, Inc. (NASDAQ:KLTR) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 1,170,000 shares, a growth of 6.4% from the January 15th total of 1,100,000 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 545,800 shares, the days-to-cover ratio is presently 2.1 days.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Kaltura

Several institutional investors and hedge funds have recently added to or reduced their stakes in KLTR. Avalon Ventures Management LLC bought a new position in shares of Kaltura in the 4th quarter valued at $19,718,000. Millennium Management LLC lifted its stake in shares of Kaltura by 249.7% in the 4th quarter. Millennium Management LLC now owns 715,755 shares of the company’s stock valued at $1,575,000 after acquiring an additional 511,072 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Kaltura in the 4th quarter valued at $935,000. Gagnon Advisors LLC lifted its stake in shares of Kaltura by 34.6% in the 4th 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 during the last quarter. Finally, Gagnon Securities LLC lifted its stake 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 acquiring an additional 306,332 shares during the last quarter. 30.79% of the stock is currently owned by institutional investors.

Kaltura Price Performance

NASDAQ KLTR traded down $0.17 on Monday, hitting $2.61. 239,293 shares of the company’s stock were exchanged, compared to its average volume of 540,251. The stock has a 50-day moving average of $2.37 and a 200-day moving average of $1.79. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.26. Kaltura has a 52 week low of $0.76 and a 52 week high of $2.82. The stock has a market cap of $390.70 million, a price-to-earnings ratio of -10.04 and a beta of 1.14.

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).