Charles Schwab Investment Management Inc. Grows Stock Holdings in Kaltura, Inc. (NASDAQ:KLTR)

Charles Schwab Investment Management Inc. grew its holdings in shares of Kaltura, Inc. (NASDAQ:KLTR) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 694,343 shares of the company’s stock after purchasing an additional 20,289 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.46% of Kaltura worth $1,528,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. State Street Corp increased its stake in Kaltura by 0.6% in 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 last quarter. SG Americas Securities LLC increased its stake in shares of Kaltura by 40.1% during the 4th quarter. SG Americas Securities LLC now owns 45,286 shares of the company’s stock valued at $100,000 after acquiring an additional 12,969 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Kaltura by 22.0% during the 4th quarter. Bank of New York Mellon Corp now owns 206,146 shares of the company’s stock valued at $454,000 after acquiring an additional 37,141 shares during the last quarter. Barclays PLC lifted its holdings 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 acquiring an additional 104,288 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Kaltura by 280.9% in the third quarter. JPMorgan Chase & Co. now owns 160,984 shares of the company’s stock worth $219,000 after acquiring an additional 118,718 shares during the last quarter. Institutional investors and hedge funds own 30.79% of the company’s stock.

Kaltura Price Performance

KLTR stock opened at $1.94 on Friday. The company has a market cap of $299.03 million, a PE ratio of -9.24 and a beta of 1.16. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.26. The stock has a 50-day moving average price of $2.23 and a two-hundred day moving average price of $1.97. Kaltura, Inc. has a 12-month low of $0.76 and a 12-month high of $2.82.

Kaltura (NASDAQ:KLTR) last issued its earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). Kaltura had a negative return on equity of 126.99% and a negative net margin of 17.52%. The firm had revenue of $45.61 million for the quarter, compared to analysts’ expectations of $44.36 million.

Insider Activity at Kaltura

In related news, CFO John N. Doherty sold 113,634 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $2.46, for a total value of $279,539.64. Following the completion of the sale, the chief financial officer now directly owns 1,556,682 shares in the company, valued at approximately $3,829,437.72. This represents a 6.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 price target on shares of Kaltura in a research note on Friday, March 14th.

Kaltura Company Profile

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).