Acadian Asset Management LLC Lowers Stock Position in Kaltura, Inc. (NASDAQ:KLTR)

Acadian Asset Management LLC reduced its position in Kaltura, Inc. (NASDAQ:KLTR) by 25.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 93,959 shares of the company’s stock after selling 32,845 shares during the quarter. Acadian Asset Management LLC owned about 0.06% of Kaltura worth $111,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its stake in Kaltura by 71.0% during the first quarter. Russell Investments Group Ltd. now owns 1,691,777 shares of the company’s stock worth $2,284,000 after buying an additional 702,240 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in 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 in the last quarter. Vanguard Group Inc. raised its position in Kaltura by 1.0% in the first quarter. Vanguard Group Inc. now owns 4,216,898 shares of the company’s stock valued at $5,693,000 after purchasing an additional 41,584 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 worth $599,000 after buying an additional 227,127 shares during the period. Finally, Circumference Group LLC acquired a new stake in shares of Kaltura in the fourth quarter valued at about $1,287,000. Institutional investors and hedge funds own 30.79% of the company’s stock.

Analyst Ratings Changes

KLTR has been the topic of several recent research reports. Wells Fargo & Company decreased their price target on Kaltura from $1.50 to $1.00 and set an “underweight” rating for the company in a report on Friday, June 21st. Needham & Company LLC restated a “buy” rating and issued a $3.00 target price on shares of Kaltura in a research note on Friday, August 9th.

Kaltura Price Performance

Shares of NASDAQ KLTR opened at $1.36 on Friday. The business has a 50 day moving average price of $1.23 and a two-hundred day moving average price of $1.23. Kaltura, Inc. has a fifty-two week low of $0.76 and a fifty-two week high of $2.03. The firm has a market cap of $199.80 million, a PE ratio of -4.12 and a beta of 0.74. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.33.

Kaltura (NASDAQ:KLTR) last issued 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. Kaltura had a negative net margin of 24.82% and a negative return on equity of 155.01%. The business had revenue of $44.03 million during the quarter, compared to analyst estimates of $43.27 million. Sell-side analysts expect that Kaltura, Inc. will post -0.29 earnings per share for the current fiscal year.

Kaltura 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).