Needham & Company LLC Reiterates Buy Rating for Kaltura (NASDAQ:KLTR)

Needham & Company LLC reiterated their buy rating on shares of Kaltura (NASDAQ:KLTR) in a research note published on Friday morning,Benzinga reports. Needham & Company LLC currently has a $3.00 target price on the stock.

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

Kaltura Trading Down 0.9 %

Shares of KLTR opened at $2.28 on Friday. The stock’s fifty day simple moving average is $2.23 and its 200-day simple moving average is $1.61. The firm has a market capitalization of $341.32 million, a PE ratio of -8.77 and a beta of 1.11. Kaltura has a 12-month low of $0.76 and a 12-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.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KLTR. SG Americas Securities LLC increased its holdings in Kaltura by 40.1% in the fourth 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 last quarter. JPMorgan Chase & Co. increased its stake in shares of 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 during the last quarter. Barclays PLC raised 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 valued at $208,000 after acquiring an additional 104,288 shares during the period. Geode Capital Management LLC boosted its stake in 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 acquiring an additional 124,415 shares during the last quarter. Finally, State Street Corp grew its holdings 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 during the period. 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).