Squarepoint Ops LLC Buys 38,854 Shares of Kaltura, Inc. (NASDAQ:KLTR)

Squarepoint Ops LLC raised its stake in Kaltura, Inc. (NASDAQ:KLTR) by 189.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 59,415 shares of the company’s stock after buying an additional 38,854 shares during the quarter. Squarepoint Ops LLC’s holdings in Kaltura were worth $131,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. ProShare Advisors LLC lifted its position in shares of Kaltura by 51.2% in the fourth quarter. ProShare Advisors LLC now owns 27,454 shares of the company’s stock worth $60,000 after purchasing an additional 9,291 shares in the last quarter. Occudo Quantitative Strategies LP bought a new stake in shares of Kaltura in the fourth quarter worth $123,000. Millennium Management LLC lifted its position in shares of Kaltura by 249.7% in the fourth quarter. Millennium Management LLC now owns 715,755 shares of the company’s stock worth $1,575,000 after purchasing an additional 511,072 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Kaltura in the fourth quarter worth $80,000. Finally, Citadel Advisors LLC lifted its position in shares of Kaltura by 11.9% in the fourth quarter. Citadel Advisors LLC now owns 99,813 shares of the company’s stock worth $220,000 after purchasing an additional 10,616 shares in the last quarter. Institutional investors own 30.79% of the company’s stock.

Insider Buying and Selling at Kaltura

In related news, CFO John N. Doherty sold 40,118 shares of Kaltura stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $2.23, for a total value of $89,463.14. Following the completion of the sale, the chief financial officer now owns 1,494,702 shares of the company’s stock, valued at approximately $3,333,185.46. This trade represents a 2.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 13.50% of the company’s stock.

Kaltura Stock Down 2.2%

KLTR stock opened at $2.18 on Tuesday. The stock has a market capitalization of $334.89 million, a P/E ratio of -10.38 and a beta of 1.12. 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, Inc. has a 12 month low of $0.82 and a 12 month high of $2.82. The firm has a 50-day moving average price of $2.08 and a 200-day moving average price of $2.18.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Wall Street Zen lowered shares of Kaltura from a “strong-buy” rating to a “buy” rating in a research report on Friday. Needham & Company LLC restated a “buy” rating and set a $3.00 target price on shares of Kaltura in a report on Friday, March 14th.

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).