Needham & Company LLC reiterated their buy rating on shares of Kaltura (NASDAQ:KLTR - Free Report) in a report published on Friday,Benzinga reports. They currently have a $3.00 price objective on the stock.
Separately, Wells Fargo & Company lifted their target price on shares of Kaltura from $1.00 to $1.50 and gave the company an "underweight" rating in a research note on Thursday, November 7th.
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Kaltura Price Performance
Shares of NASDAQ KLTR traded down $0.04 during midday trading on Friday, reaching $2.27. 240,446 shares of the company traded hands, compared to its average volume of 954,789. Kaltura has a 12 month low of $0.76 and a 12 month high of $2.82. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.12 and a current ratio of 1.12. The stock's 50-day simple moving average is $2.22 and its 200-day simple moving average is $1.60. The firm has a market cap of $339.07 million, a PE ratio of -8.71 and a beta of 1.11.
Institutional Investors Weigh In On Kaltura
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in shares of Kaltura by 6.7% during the third quarter. Geode Capital Management LLC now owns 1,990,252 shares of the company's stock valued at $2,707,000 after purchasing an additional 124,415 shares during the last quarter. JPMorgan Chase & Co. grew its position 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 during the period. Barclays PLC grew its position in shares of Kaltura by 215.5% during the 3rd 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. Charles Schwab Investment Management Inc. lifted its holdings in Kaltura by 15.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 674,054 shares of the company's stock valued at $917,000 after buying an additional 91,138 shares during the period. Finally, SG Americas Securities LLC bought a new position in Kaltura in the third quarter valued at approximately $44,000. Institutional investors and hedge funds own 30.79% of the company's stock.
About Kaltura
(
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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).
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