Kaltura, Inc. (NASDAQ:KLTR) Shares Sold by Murchinson Ltd.

Murchinson Ltd. reduced its stake in shares of Kaltura, Inc. (NASDAQ:KLTR) by 50.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 49,194 shares of the company’s stock after selling 49,195 shares during the period. Murchinson Ltd.’s holdings in Kaltura were worth $59,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in shares of Kaltura by 4.8% in the second quarter. Bank of New York Mellon Corp now owns 231,173 shares of the company’s stock worth $277,000 after buying an additional 10,534 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in Kaltura by 18.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 286,502 shares of the company’s stock valued at $387,000 after acquiring an additional 44,289 shares in the last quarter. Renaissance Technologies LLC lifted its holdings 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 acquiring an additional 20,500 shares during the period. Boston Partners boosted its position in Kaltura by 104.8% in the 1st quarter. Boston Partners now owns 443,905 shares of the company’s stock worth $599,000 after purchasing an additional 227,127 shares in the last quarter. Finally, Circumference Group LLC purchased a new stake in Kaltura in the 4th quarter worth approximately $1,287,000. Hedge funds and other institutional investors own 30.79% of the company’s stock.

Analyst Ratings Changes

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

Kaltura Price Performance

Shares of KLTR opened at $1.36 on Tuesday. The firm has a market cap of $199.80 million, a P/E ratio of -4.12 and a beta of 0.74. Kaltura, Inc. has a 12 month low of $0.76 and a 12 month high of $2.03. The stock’s 50 day moving average is $1.24 and its two-hundred day moving average is $1.23. The company has a current ratio of 1.10, a quick 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) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.01. The company had revenue of $44.03 million during the quarter, compared to analyst estimates of $43.27 million. Kaltura had a negative net margin of 24.82% and a negative return on equity of 155.01%. Analysts predict that Kaltura, Inc. will post -0.29 earnings per share 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).