36,420 Shares in Kaltura, Inc. (NASDAQ:KLTR) Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new position in Kaltura, Inc. (NASDAQ:KLTR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 36,420 shares of the company’s stock, valued at approximately $80,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Avalon Ventures Management LLC bought a new position in Kaltura in the fourth quarter valued at $19,718,000. Russell Investments Group Ltd. grew its stake in shares of Kaltura by 12.7% during the fourth quarter. Russell Investments Group Ltd. now owns 2,386,927 shares of the company’s stock valued at $5,251,000 after buying an additional 268,917 shares during the last quarter. Gagnon Securities LLC grew its stake in shares of Kaltura by 16.0% during the fourth quarter. Gagnon Securities LLC now owns 2,217,379 shares of the company’s stock valued at $4,878,000 after buying an additional 306,332 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Kaltura by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 2,001,455 shares of the company’s stock valued at $4,404,000 after buying an additional 11,203 shares during the last quarter. Finally, Gagnon Advisors LLC grew its stake in shares of Kaltura by 34.6% during the fourth 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. Hedge funds and other institutional investors own 30.79% of the company’s stock.

Kaltura Price Performance

Shares of NASDAQ:KLTR opened at $2.18 on Tuesday. The stock’s 50-day moving average price is $2.01 and its 200-day moving average price is $2.16. Kaltura, Inc. has a 12-month low of $0.76 and a 12-month high of $2.82. The stock has a market capitalization of $334.89 million, a P/E ratio of -10.38 and a beta of 1.15. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.26.

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

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 price objective on shares of Kaltura in a research note on Friday, March 14th.

Insider Buying and Selling

In related news, CFO John N. Doherty sold 17,367 shares of the firm’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $1.69, for a total value of $29,350.23. Following the sale, the chief financial officer now directly owns 1,534,820 shares of the company’s stock, valued at $2,593,845.80. This trade represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 13.50% of the stock is owned by insiders.

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).