Circumference Group LLC Sells 37,070 Shares of Kaltura, Inc. (NASDAQ:KLTR)

Circumference Group LLC lowered its stake in Kaltura, Inc. (NASDAQ:KLTR) by 5.2% during the third quarter, HoldingsChannel.com reports. The firm owned 673,111 shares of the company’s stock after selling 37,070 shares during the period. Kaltura makes up about 0.9% of Circumference Group LLC’s holdings, making the stock its 24th biggest holding. Circumference Group LLC’s holdings in Kaltura were worth $915,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Kaltura by 1.0% during the first quarter. Vanguard Group Inc. now owns 4,216,898 shares of the company’s stock worth $5,693,000 after buying an additional 41,584 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Kaltura by 15.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 674,054 shares of the company’s stock worth $917,000 after acquiring an additional 91,138 shares during the last quarter. Boston Partners grew its holdings in Kaltura by 104.8% during the first quarter. Boston Partners now owns 443,905 shares of the company’s stock valued at $599,000 after purchasing an additional 227,127 shares during the period. Renaissance Technologies LLC increased its stake in Kaltura by 5.7% in 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, Bank of New York Mellon Corp boosted 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 in the last quarter. 30.79% of the stock is owned by institutional investors and hedge funds.

Kaltura Stock Performance

Shares of KLTR stock opened at $2.22 on Monday. The company has a market capitalization of $332.32 million, a P/E ratio of -8.54 and a beta of 0.75. Kaltura, Inc. has a 52 week low of $0.76 and a 52 week high of $2.30. 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 company’s 50 day moving average price is $1.59 and its two-hundred day moving average price is $1.33.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KLTR. Wells Fargo & Company upped their price objective 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. Needham & Company LLC restated a “buy” rating and issued a $3.00 price target on shares of Kaltura in a report on Thursday, November 7th.

Kaltura 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).