Charles Schwab Investment Management Inc. Buys 91,138 Shares of Kaltura, Inc. (NASDAQ:KLTR)

Charles Schwab Investment Management Inc. grew its stake in Kaltura, Inc. (NASDAQ:KLTR) by 15.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 674,054 shares of the company’s stock after purchasing an additional 91,138 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.45% of Kaltura worth $917,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in shares of Kaltura during the third quarter valued at about $44,000. Renaissance Technologies LLC boosted its position in Kaltura by 5.7% during the 2nd quarter. Renaissance Technologies LLC now owns 382,600 shares of the company’s stock valued at $459,000 after acquiring an additional 20,500 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Kaltura by 4.8% during the 2nd 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 period. 30.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KLTR. Wells Fargo & Company raised their target price on Kaltura from $1.00 to $1.50 and gave the company an “underweight” rating in a research note on Thursday, November 7th. Needham & Company LLC restated a “buy” rating and set a $3.00 target price on shares of Kaltura in a report on Thursday, November 7th.

Kaltura Price Performance

KLTR stock opened at $2.23 on Wednesday. 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 firm has a 50 day moving average price of $1.82 and a 200-day moving average price of $1.43. Kaltura, Inc. has a 52-week low of $0.76 and a 52-week high of $2.42. The firm has a market capitalization of $333.82 million, a price-to-earnings ratio of -8.58 and a beta of 1.13.

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).