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

Kaltura, Inc. (NASDAQ:KLTR) saw a large growth in short interest in the month of 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. Based on an average trading volume of 545,800 shares, the days-to-cover ratio is currently 2.1 days. Approximately 1.8% of the shares of the company are short sold.

Kaltura Trading Down 6.1 %

Shares of KLTR stock traded down $0.17 during trading hours on Monday, reaching $2.61. 239,293 shares of the stock traded hands, compared to its average volume of 540,251. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $390.70 million, a PE ratio of -10.04 and a beta of 1.14. Kaltura has a 1-year low of $0.76 and a 1-year high of $2.82. The business has a fifty day moving average price of $2.37 and a 200 day moving average price of $1.79.

Analyst Upgrades and Downgrades

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

Institutional Trading of Kaltura

Several hedge funds and other institutional investors have recently modified their holdings of KLTR. Sei Investments Co. purchased a new stake in Kaltura in the 4th quarter worth about $25,000. Ameriprise Financial Inc. purchased a new stake in shares of Kaltura in the fourth quarter worth approximately $28,000. The Manufacturers Life Insurance Company acquired a new position in Kaltura in the 4th quarter valued at approximately $67,000. SG Americas Securities LLC purchased a new stake in Kaltura in the 3rd quarter worth approximately $44,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Kaltura during the 4th quarter valued at $80,000. Institutional investors and hedge funds own 30.79% of the company’s stock.

About Kaltura

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).