JPMorgan Chase & Co. Grows Holdings in Kaltura, Inc. (NASDAQ:KLTR)

JPMorgan Chase & Co. grew its holdings in shares of Kaltura, Inc. (NASDAQ:KLTR) by 122.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 357,328 shares of the company’s stock after buying an additional 196,344 shares during the quarter. JPMorgan Chase & Co. owned 0.24% of Kaltura worth $786,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KLTR. Avalon Ventures Management LLC purchased a new position in shares of Kaltura during the 4th quarter valued at approximately $19,718,000. Gagnon Advisors LLC boosted its stake in shares of Kaltura by 34.6% during the 4th quarter. Gagnon Advisors LLC now owns 1,386,044 shares of the company’s stock valued at $3,049,000 after buying an additional 356,336 shares during the last quarter. Gagnon Securities LLC lifted its stake in Kaltura by 16.0% during the fourth quarter. Gagnon Securities LLC now owns 2,217,379 shares of the company’s stock worth $4,878,000 after purchasing an additional 306,332 shares during the last quarter. Globeflex Capital L P acquired a new position in Kaltura in the fourth quarter worth $627,000. Finally, Geode Capital Management LLC increased its stake in Kaltura by 6.7% during the third quarter. Geode Capital Management LLC now owns 1,990,252 shares of the company’s stock valued at $2,707,000 after purchasing an additional 124,415 shares during the last quarter. 30.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kaltura

In other Kaltura news, CFO John N. Doherty sold 17,367 shares of the company’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $1.69, for a total value of $29,350.23. Following the completion of the transaction, the chief financial officer now owns 1,534,820 shares in the company, valued at approximately $2,593,845.80. This represents a 1.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 135,496 shares of company stock valued at $317,790 in the last quarter. Insiders own 11.30% of the company’s stock.

Kaltura Price Performance

Shares of NASDAQ:KLTR opened at $2.07 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.26. Kaltura, Inc. has a fifty-two week low of $0.76 and a fifty-two week high of $2.82. The firm has a 50-day simple moving average of $1.97 and a 200 day simple moving average of $2.07. The company has a market cap of $319.07 million, a PE ratio of -9.86 and a beta of 1.17.

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

Analysts Set New Price Targets

Separately, Needham & Company LLC restated a “buy” rating and issued a $3.00 price target on shares of Kaltura in a research report on Friday, March 14th.

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).