Bank of New York Mellon Corp Buys 37,141 Shares of Kaltura, Inc. (NASDAQ:KLTR)

Bank of New York Mellon Corp increased its position in Kaltura, Inc. (NASDAQ:KLTR) by 22.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 206,146 shares of the company’s stock after acquiring an additional 37,141 shares during the quarter. Bank of New York Mellon Corp’s holdings in Kaltura were worth $454,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp raised its position in Kaltura by 0.6% during the third quarter. State Street Corp now owns 1,268,751 shares of the company’s stock valued at $1,726,000 after purchasing an additional 7,719 shares in the last quarter. SG Americas Securities LLC increased its holdings in Kaltura by 40.1% during the 4th quarter. SG Americas Securities LLC now owns 45,286 shares of the company’s stock valued at $100,000 after purchasing an additional 12,969 shares during the period. Charles Schwab Investment Management Inc. increased its position in Kaltura by 15.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 674,054 shares of the company’s stock valued at $917,000 after purchasing an additional 91,138 shares during the period. Barclays PLC lifted its holdings in Kaltura by 215.5% in the third quarter. Barclays PLC now owns 152,686 shares of the company’s stock worth $208,000 after buying an additional 104,288 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Kaltura by 280.9% during 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 in the last quarter. Hedge funds and other institutional investors own 30.79% of the company’s stock.

Kaltura Stock Down 4.0 %

KLTR stock opened at $1.92 on Friday. The business has a 50 day moving average of $2.24 and a 200 day moving average of $1.96. The firm has a market cap of $295.94 million, a PE ratio of -9.14 and a beta of 1.16. Kaltura, Inc. has a twelve month low of $0.76 and a twelve month high of $2.82. 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 (NASDAQ:KLTR) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03). The company had revenue of $45.61 million for the quarter, compared to the consensus estimate of $44.36 million. Kaltura had a negative net margin of 17.52% and a negative return on equity of 126.99%.

Insider Buying and Selling at Kaltura

In other news, CFO John N. Doherty sold 113,634 shares of the business’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 owns 1,556,682 shares in the company, valued at $3,829,437.72. The trade was a 6.80 % 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. 11.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

Kaltura Company 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).