Globeflex Capital L P Takes Position in Kaltura, Inc. (NASDAQ:KLTR)

Globeflex Capital L P bought a new stake in shares of Kaltura, Inc. (NASDAQ:KLTR) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 284,944 shares of the company’s stock, valued at approximately $627,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Kaltura by 15.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 674,054 shares of the company’s stock valued at $917,000 after purchasing an additional 91,138 shares in the last quarter. State Street Corp raised its holdings in shares of Kaltura by 0.6% in the third quarter. State Street Corp now owns 1,268,751 shares of the company’s stock worth $1,726,000 after buying an additional 7,719 shares during the last quarter. Barclays PLC raised its holdings in shares of Kaltura by 215.5% in the third quarter. Barclays PLC now owns 152,686 shares of the company’s stock worth $208,000 after buying an additional 104,288 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Kaltura by 6.7% in the third quarter. Geode Capital Management LLC now owns 1,990,252 shares of the company’s stock worth $2,707,000 after buying an additional 124,415 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Kaltura by 280.9% in the third quarter. JPMorgan Chase & Co. now owns 160,984 shares of the company’s stock worth $219,000 after acquiring an additional 118,718 shares during the period. 30.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $3.00 price objective on shares of Kaltura in a research note on Friday.

Insider Transactions at Kaltura

In other news, CFO John N. Doherty sold 113,634 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $2.46, for a total value of $279,539.64. Following the completion of the transaction, the chief financial officer now owns 1,556,682 shares in the company, valued at $3,829,437.72. This trade represents a 6.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 11.30% of the company’s stock.

Kaltura Price Performance

Shares of KLTR stock opened at $1.85 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.12 and a quick ratio of 1.12. The firm’s 50-day moving average is $2.30 and its two-hundred day moving average is $1.91. Kaltura, Inc. has a 12 month low of $0.76 and a 12 month high of $2.82. The company has a market capitalization of $285.16 million, a PE ratio of -8.81 and a beta of 1.16.

Kaltura (NASDAQ:KLTR) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.03). The firm had revenue of $45.61 million for the quarter, compared to analyst estimates of $44.36 million. Kaltura had a negative return on equity of 126.99% and a negative net margin of 17.52%.

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).