Russell Investments Group Ltd. Trims Stock Holdings in Kaltura, Inc. (NASDAQ:KLTR)

Russell Investments Group Ltd. trimmed its position in Kaltura, Inc. (NASDAQ:KLTR – Get Rating) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 627,050 shares of the company’s stock after selling 18,616 shares during the period. Russell Investments Group Ltd. owned 0.47% of Kaltura worth $1,079,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KLTR. Boothbay Fund Management LLC grew its stake in shares of Kaltura by 154.5% in the third quarter. Boothbay Fund Management LLC now owns 49,195 shares of the company’s stock worth $108,000 after acquiring an additional 29,865 shares during the last quarter. Horrell Capital Management Inc. grew its stake in shares of Kaltura by 2.7% in the fourth quarter. Horrell Capital Management Inc. now owns 963,181 shares of the company’s stock worth $1,657,000 after acquiring an additional 25,000 shares during the last quarter. Murchinson Ltd. purchased a new stake in shares of Kaltura in the third quarter worth $216,000. First Manhattan Co. grew its stake in shares of Kaltura by 44.3% in the third quarter. First Manhattan Co. now owns 505,000 shares of the company’s stock worth $1,111,000 after acquiring an additional 155,000 shares during the last quarter. Finally, SVB Wealth LLC purchased a new stake in shares of Kaltura in the third quarter worth $43,000. 33.56% of the stock is owned by hedge funds and other institutional investors.

Kaltura Price Performance

Shares of NASDAQ:KLTR opened at $1.76 on Friday. Kaltura, Inc. has a 1 year low of $1.53 and a 1 year high of $2.80. The stock’s fifty day moving average price is $1.84 and its 200-day moving average price is $1.88. The company has a market cap of $240.08 million, a P/E ratio of -3.67 and a beta of 0.59.

Kaltura (NASDAQ:KLTR – Get Rating) last posted its earnings results on Wednesday, February 22nd. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.02. Kaltura had a negative return on equity of 127.52% and a negative net margin of 37.78%. The company had revenue of $44.07 million for the quarter, compared to the consensus estimate of $43.52 million. On average, sell-side analysts anticipate that Kaltura, Inc. will post -0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Bank of America cut Kaltura from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $2.75 to $1.75 in a research note on Monday, April 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $2.81.

Kaltura Profile

(Get Rating)

Kaltura, Inc provides various Software-as-a-Service products and solutions and a Platform-as-a-Service. The company offers video products, such as webinars, virtual events, video sites, and virtual classrooms for video-based communication, collaboration, training, and customer experience; and video industry solutions, such as learning management system video and lecture capture solutions for educational institutions.