Greenhaven Road Investment Manage. recently announced the acquisition of new stake in Kaleyra Inc. (AMEX:KLR). This fresh investment now brings its stake to 2.50% valued currently at $2.83 million. In addition, Boardman Bay Capital Management L. raised its holdings by 10729.0 to 0.11 million shares.
With over 0.24 million Kaleyra Inc. (KLR) shares trading Tuesday and a closing price of $4.54 on the day, the dollar volume was approximately $1.1 million. The shares have shown a negative weekly performance of -2.58% and its price on 07/28/20 lost nearly -3.40%. Currently, there are 19.98M common shares owned by the public and among those 4.50M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for KLR have a consensus price objective of $12.30. The analysts have set the share’s price value over the next 12 months at a high of $17.00 and a low of $7.00 should the stock experience a downside. But an upside of 73.29% will see the stock hit the forecast high price target while mean target price for the stock is $12.50.
Insiders at the company have transacted a total of 20 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 17 of these insider trades were purchases, accounting for 14,343,461 shares. Insider sales of the common stock occurred on 3 occasions, with total insider shares sold totaling 942,697 shares.
The top 3 mutual fund holders in Kaleyra Inc. are JNL Multi Manager Alternative Fun, Royce Opportunity Fund, and Legg Mason Global Funds Plc – Roy. JNL Multi Manager Alternative Fun owns 0.16 million shares of the company’s stock, all valued at over $0.65 million. Legg Mason Global Funds Plc – Roy bought 11600.0 shares to bring its total holdings to over 11600.0 shares at a value of $46864.0. Legg Mason Global Funds Plc – Roy now owns shares totaling to 0.04% of the shares outstanding.
Shares of Kaleyra Inc. (AMEX: KLR) opened at $4.81, up $0.11 from a prior closing price of $4.70. However, the script later closed the day at $4.54, down -3.40%. The company’s stock has a 5-day price change of -2.58% and -35.88% over the past three months. KLR shares are trading -46.59% year to date (YTD), with the 12-month market performance down to -55.62% lower. It has a 12-month low price of $3.80 and touched a high of $11.35 over the same period. Currently, 0.24 million shares have been traded, compared to an average intraday trading volume of 268.98K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.60%, -16.42%, and -40.34% respectively.
Institutional ownership of Kaleyra Inc. (AMEX: KLR) shares accounts for 24.70% of the company’s 19.98M shares outstanding. Mutual fund holders own 18.64%, while other institutional holders and individual stakeholders account for 75.67% and 0.69% respectively.
It has a market capitalization of $127.94M. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.26% over the week and 7.78% over the month.
Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 0 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the KLR, a number of firms have released research notes about the stock. National Securities stated their Buy rating for the stock in a research note on July 28, 2020, with the firm’s price target at $13. Oppenheimer coverage for the Kaleyra Inc. (KLR) stock in a research note released on June 29, 2020 offered a Outperform rating with a price target of $12.