Kaltura (NASDAQ:KLTR) Given Buy Rating at Needham & Company LLC

Kaltura (NASDAQ:KLTR)‘s stock had its “buy” rating reaffirmed by analysts at Needham & Company LLC in a research note issued on Friday,Benzinga reports. They presently have a $3.00 price target on the stock. Needham & Company LLC’s price objective suggests a potential upside of 30.43% from the stock’s current price.

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

Kaltura Stock Performance

Shares of KLTR stock opened at $2.30 on Friday. Kaltura has a twelve month low of $0.76 and a twelve month high of $2.82. The stock’s fifty day simple moving average is $2.22 and its 200 day simple moving average is $1.60. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $344.31 million, a P/E ratio of -8.85 and a beta of 1.11.

Institutional Trading of Kaltura

Several institutional investors have recently modified their holdings of KLTR. State Street Corp raised its position in Kaltura by 0.6% during the 3rd quarter. State Street Corp now owns 1,268,751 shares of the company’s stock worth $1,726,000 after purchasing an additional 7,719 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Kaltura by 4.8% during the second quarter. Bank of New York Mellon Corp now owns 231,173 shares of the company’s stock worth $277,000 after acquiring an additional 10,534 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Kaltura by 5.7% during the second quarter. Renaissance Technologies LLC now owns 382,600 shares of the company’s stock worth $459,000 after acquiring an additional 20,500 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Kaltura in the third quarter worth approximately $44,000. Finally, 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. Institutional investors own 30.79% of the company’s stock.

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).