Kaltura (NASDAQ:KLTR) Earns “Buy” Rating from Needham & Company LLC

Kaltura (NASDAQ:KLTRGet Free Report)‘s stock had its “buy” rating reissued by Needham & Company LLC in a research note issued to investors on Friday,Benzinga reports. They currently have a $3.00 price objective on the stock. Needham & Company LLC’s target price suggests a potential upside of 31.58% from the company’s current price.

Separately, Wells Fargo & Company raised their target price on Kaltura from $1.00 to $1.50 and gave the company an “underweight” rating in a report on Thursday, November 7th.

Check Out Our Latest Analysis on Kaltura

Kaltura Trading Down 0.9 %

Shares of NASDAQ:KLTR opened at $2.28 on Friday. 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 moving average is $2.23 and its 200-day moving average is $1.61. The company has a market cap of $341.30 million, a P/E ratio of -8.77 and a beta of 1.11. Kaltura has a 52-week low of $0.76 and a 52-week high of $2.82.

Institutional Trading of Kaltura

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC raised its position in shares of 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 buying an additional 12,969 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Kaltura by 280.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 160,984 shares of the company’s stock valued at $219,000 after acquiring an additional 118,718 shares in the last quarter. Barclays PLC lifted its position in shares of Kaltura by 215.5% in the 3rd quarter. Barclays PLC now owns 152,686 shares of the company’s stock worth $208,000 after acquiring an additional 104,288 shares during the period. Geode Capital Management LLC grew its holdings in shares of Kaltura by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,990,252 shares of the company’s stock worth $2,707,000 after purchasing an additional 124,415 shares in the last quarter. Finally, State Street Corp increased its position in shares of 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 during the period. 30.79% of the stock is currently owned by institutional investors and hedge funds.

About Kaltura

(Get Free Report)

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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