Murchinson Ltd. Decreases Stock Holdings in Kaltura, Inc. (NASDAQ:KLTR)

Murchinson Ltd. lowered its stake in shares of Kaltura, Inc. (NASDAQ:KLTR) by 50.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,194 shares of the company’s stock after selling 49,195 shares during the quarter. Murchinson Ltd.’s holdings in Kaltura were worth $59,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in KLTR. Bank of New York Mellon Corp raised its stake 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 worth $277,000 after acquiring an additional 10,534 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Kaltura by 18.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 286,502 shares of the company’s stock worth $387,000 after purchasing an additional 44,289 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Kaltura by 5.7% during the second quarter. Renaissance Technologies LLC now owns 382,600 shares of the company’s stock worth $459,000 after purchasing an additional 20,500 shares in the last quarter. Boston Partners lifted its holdings in shares of Kaltura by 104.8% during the 1st quarter. Boston Partners now owns 443,905 shares of the company’s stock valued at $599,000 after purchasing an additional 227,127 shares during the last quarter. Finally, Circumference Group LLC acquired a new stake in shares of Kaltura in the 4th quarter worth $1,287,000. 30.79% of the stock is currently owned by institutional investors.

Kaltura Stock Performance

NASDAQ:KLTR opened at $1.36 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.33. The firm has a fifty day simple moving average of $1.24 and a 200-day simple moving average of $1.23. Kaltura, Inc. has a 12 month low of $0.76 and a 12 month high of $2.03. The company has a market capitalization of $199.80 million, a P/E ratio of -4.12 and a beta of 0.74.

Kaltura (NASDAQ:KLTR) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.01. The business had revenue of $44.03 million for the quarter, compared to the consensus estimate of $43.27 million. Kaltura had a negative return on equity of 155.01% and a negative net margin of 24.82%. On average, equities research analysts anticipate that Kaltura, Inc. will post -0.29 earnings per share for the current year.

Analysts Set New Price Targets

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

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).