Charles Schwab Investment Management Inc. Increases Stock Position in Kaltura, Inc. (NASDAQ:KLTR)

Charles Schwab Investment Management Inc. lifted its stake in Kaltura, Inc. (NASDAQ:KLTR) by 15.6% in the third quarter, HoldingsChannel.com reports. The fund owned 674,054 shares of the company’s stock after purchasing an additional 91,138 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Kaltura were worth $917,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in Kaltura in the 3rd quarter worth approximately $44,000. Renaissance Technologies LLC boosted its stake in shares of Kaltura by 5.7% in the 2nd quarter. Renaissance Technologies LLC now owns 382,600 shares of the company’s stock worth $459,000 after buying an additional 20,500 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Kaltura by 4.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 231,173 shares of the company’s stock worth $277,000 after buying an additional 10,534 shares during the last quarter. 30.79% of the stock is owned by hedge funds and other institutional investors.

Kaltura Trading Up 12.6 %

Shares of KLTR stock opened at $2.23 on Wednesday. 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 company has a market cap of $333.82 million, a price-to-earnings ratio of -8.58 and a beta of 1.13. Kaltura, Inc. has a 1 year low of $0.76 and a 1 year high of $2.42. The firm has a fifty day moving average price of $1.82 and a 200-day moving average price of $1.43.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KLTR. Wells Fargo & Company increased their target price on Kaltura from $1.00 to $1.50 and gave the company an “underweight” rating in a report on Thursday, November 7th. 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.

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).