The Potential Rise in the Price of Kaleyra Inc. (KLR) following insiders activity


In a filing, Kaleyra Inc. revealed its CEO Calogero Dario unloaded Company’s shares for reported $59826.0 on Sep 09. In the deal valued at $1.53 per share,39,000 shares were sold. As a result of this transaction, Calogero Dario now holds 777,289 shares worth roughly $ 0.62 million.

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Then, Calogero Dario sold 43,371 shares, generating $67,355 in total proceeds. Upon selling the shares at $1.55, the CEO now owns 816,289 shares.

Before that, Dall’Aglio Giacomo sold 34,000 shares. Kaleyra Inc. shares valued at $52,598 were divested by the insider at a price of $1.55 per share. As a result of the transaction, Dall’Aglio Giacomo now holds 355,299 shares, worth roughly $0.28 million.

Craig Hallum downgraded its Kaleyra Inc. [KLR] rating to a Hold from a a Buy in a research note published on Friday, May 10, 2022; the price target was decreased to $6.50 from $15. PT values the company’s stock at a premium of 87.69 to its Friday closing price. A number of analysts have revised their coverage, including Maxim Group’s analysts, who began to cover the stock in early February with a ‘”a Buy”‘ rating. National Securities began covering KLR with “Buy” recommendation on July 28, 2020. Oppenheimer started covering the stock on June 29, 2020. It rated KLR as “an Outperform”.

Price Performance Review of KLR

On Friday, Kaleyra Inc. [NYSE:KLR] saw its stock fall -2.66% to $0.80. On the same session, the stock had its day’s lowest price of $0.76, but rose to a high of $0.8607. Over the last five days, the stock has lost -8.05%. Kaleyra Inc. shares have fallen nearly -92.03% since the year began. Nevertheless, the stocks have fallen -93.25% over the past one year. While a 52-week high of $14.23 was reached on 01/03/22, a 52-week low of $0.69 was recorded on 10/21/22. SMA at 50 days reached $1.1596, while 200 days put it at $3.8655. A total of 0.57 million shares were traded, compared to the trading of 0.14 million shares in the previous session.

Levels Of Support And Resistance For KLR Stock

The 24-hour chart illustrates a support level at 0.7531, which if violated will result in even more drops to 0.7062. On the upside, there is a resistance level at 0.8538. A further resistance level may holdings at 0.9076. The Relative Strength Index (RSI) on the 14-day chart is 33.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0116, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.22%. Stochastics %K at 44.65% indicates the stock is a holding.

How much short interest is there in Kaleyra Inc.?

A steep rise in short interest was recorded in Kaleyra Inc. stocks on Jul 14, 2022, growing by 0.92 million shares to a total of 2.1 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 1.18 million shares. There was a rise of 43.81%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.86% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.03.

Kaleyra Inc. [KLR] – Who Are The Largest Shareholders?

In filings from Must Asset Management Inc., it is revealed that the company now owns 3,469,887 shares, or roughly 7.83% of the outstanding KLR shares. In other words, the investor’s shares have fallen by -106,411 from its previous 13-F filing of 3576298.0. Additionally, Philosophy Capital Management LLC increased 24.39% of its stake after which the total value it holdings stand at $2,982,750, while Wasatch Advisors, Inc. added 24.37% of its stake to hold $1.49 million in the firm. Over the last quarter, North Run Capital LP purchased 410,250 shares of Kaleyra Inc., while BlackRock Fund Advisors bought 1,180,890 shares. At present, Blackstone Alternative Credit Adv is holding 894,654 shares valued at $0.87 million. Marshall Wace LLP owned 351,048 shares of the company at the time of its most recent 13F filing, worth $0.34 million.

According to FactSet, Kaleyra Inc.’s share price will average $6.94 in the next year, based on opinions of analysts polled by the firm. This is up nearly 814.63 percent from its previous closing price of $0.82. Analysts expect Kaleyra Inc. stock to reach the higher price of $10.00, while the lowest price estimate is $2.75. However, 4 analysts have rated KLR stock as an Overweight in their predictions for 2022.


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