Kaltura’s (KLTR) Buy Rating Reiterated at Needham & Company LLC

Kaltura (NASDAQ:KLTR)‘s stock had its “buy” rating reissued by stock analysts at Needham & Company LLC in a report released on Friday,Benzinga reports. They currently have a $3.00 price target on the stock. Needham & Company LLC’s price target would indicate a potential upside of 30.43% from the stock’s previous close.

Separately, Wells Fargo & Company upped their price objective on shares of Kaltura from $1.00 to $1.50 and gave the stock an “underweight” rating in a research report on Thursday, November 7th.

Kaltura Price Performance

Shares of NASDAQ KLTR opened at $2.30 on Friday. The stock has a market capitalization of $344.31 million, a PE ratio of -8.85 and a beta of 1.11. Kaltura has a fifty-two week low of $0.76 and a fifty-two week high of $2.82. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.12 and a quick ratio of 1.12. The business has a fifty day moving average price of $2.22 and a two-hundred day moving average price of $1.60.

Institutional Investors Weigh In On Kaltura

Several institutional investors and hedge funds have recently added to or reduced their stakes in KLTR. JPMorgan Chase & Co. raised its holdings in shares of Kaltura by 280.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 160,984 shares of the company’s stock worth $219,000 after buying an additional 118,718 shares in the last quarter. Barclays PLC grew its position in Kaltura by 215.5% in 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 last quarter. Geode Capital Management LLC raised 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 worth $2,707,000 after acquiring an additional 124,415 shares in the last quarter. State Street Corp lifted its holdings in shares of Kaltura by 0.6% in the third quarter. State Street Corp now owns 1,268,751 shares of the company’s stock worth $1,726,000 after acquiring an additional 7,719 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Kaltura by 15.6% in 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 in the last quarter. 30.79% of the stock is currently owned by institutional investors.

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).