Boston Partners Sells 428,821 Shares of Kaltura, Inc. (NASDAQ:KLTR)

Boston Partners lowered its stake in shares of Kaltura, Inc. (NASDAQ:KLTR) by 44.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 532,961 shares of the company’s stock after selling 428,821 shares during the quarter. Boston Partners owned about 0.36% of Kaltura worth $1,173,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new stake in shares of Kaltura in the fourth quarter worth $98,000. SG Americas Securities LLC boosted its holdings in Kaltura by 40.1% during the fourth quarter. SG Americas Securities LLC now owns 45,286 shares of the company’s stock valued at $100,000 after acquiring an additional 12,969 shares during the period. Barclays PLC boosted its holdings in Kaltura by 215.5% during the third quarter. Barclays PLC now owns 152,686 shares of the company’s stock valued at $208,000 after acquiring an additional 104,288 shares during the period. JPMorgan Chase & Co. grew its position in shares of Kaltura by 280.9% in the third quarter. JPMorgan Chase & Co. now owns 160,984 shares of the company’s stock valued at $219,000 after purchasing an additional 118,718 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Kaltura by 22.0% during the 4th quarter. Bank of New York Mellon Corp now owns 206,146 shares of the company’s stock worth $454,000 after purchasing an additional 37,141 shares during the last quarter. Institutional investors and hedge funds own 30.79% of the company’s stock.

Kaltura Price Performance

NASDAQ:KLTR opened at $1.87 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. Kaltura, Inc. has a one year low of $0.76 and a one year high of $2.82. The company has a fifty day moving average price of $2.26 and a 200 day moving average price of $1.94. The stock has a market cap of $288.24 million, a P/E ratio of -8.90 and a beta of 1.16.

Kaltura (NASDAQ:KLTR) last posted its quarterly earnings data 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). Kaltura had a negative return on equity of 126.99% and a negative net margin of 17.52%. The company had revenue of $45.61 million for the quarter, compared to the consensus estimate of $44.36 million.

Insiders Place Their Bets

In related news, CFO John N. Doherty sold 113,634 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was 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 directly owns 1,556,682 shares of the company’s stock, valued at $3,829,437.72. This trade represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 11.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued 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).