State Street Corp Increases Stake in Kaltura, Inc. (NASDAQ:KLTR)

State Street Corp grew its holdings in Kaltura, Inc. (NASDAQ:KLTR) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,268,751 shares of the company’s stock after acquiring an additional 7,719 shares during the period. State Street Corp owned about 0.85% of Kaltura worth $1,726,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted 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 purchasing an additional 10,534 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Kaltura by 15.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 674,054 shares of the company’s stock worth $917,000 after buying an additional 91,138 shares during the period. Renaissance Technologies LLC boosted its position in Kaltura by 5.7% during the second quarter. Renaissance Technologies LLC now owns 382,600 shares of the company’s stock valued at $459,000 after purchasing an additional 20,500 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Kaltura in the third quarter valued at about $44,000. 30.79% of the stock is owned by hedge funds and other institutional investors.

Kaltura Stock Performance

Shares of Kaltura stock opened at $2.20 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.12 and a quick ratio of 1.12. The stock’s 50 day simple moving average is $2.00 and its 200-day simple moving average is $1.51. The stock has a market cap of $329.33 million, a P/E ratio of -8.46 and a beta of 1.13. Kaltura, Inc. has a 1-year low of $0.76 and a 1-year high of $2.42.

Analysts Set New Price Targets

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

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).