Kaleyra, Inc. (NYSEAMERICAN:KLR) CEO Buys $19,408.72 in Stock

Kaleyra, Inc. (NYSEAMERICAN:KLRGet Rating) CEO Dario Calogero bought 6,557 shares of the business’s stock in a transaction dated Thursday, June 9th. The shares were acquired at an average cost of $2.96 per share, for a total transaction of $19,408.72. Following the purchase, the chief executive officer now owns 876,958 shares of the company’s stock, valued at approximately $2,595,795.68. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of KLR stock opened at $2.91 on Friday. The firm has a market capitalization of $126.53 million, a P/E ratio of -3.23 and a beta of 0.58. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.91. Kaleyra, Inc. has a 1 year low of $2.60 and a 1 year high of $14.23.

Several brokerages recently issued reports on KLR. Cowen dropped their price objective on Kaleyra from $20.00 to $15.00 in a research note on Tuesday, May 10th. Craig Hallum cut Kaleyra from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $15.00 to $6.50 in a research note on Tuesday, May 10th. Maxim Group lowered their target price on Kaleyra from $37.00 to $27.00 and set a “buy” rating for the company in a report on Thursday, February 17th. Finally, Zacks Investment Research lowered Kaleyra from a “hold” rating to a “sell” rating in a report on Friday, May 13th.

A number of hedge funds have recently modified their holdings of the stock. Traynor Capital Management Inc. raised its stake in Kaleyra by 16.3% in the 4th quarter. Traynor Capital Management Inc. now owns 14,300 shares of the company’s stock worth $143,000 after acquiring an additional 2,000 shares during the last quarter. BlackRock Inc. grew its position in Kaleyra by 38.3% during the 3rd quarter. BlackRock Inc. now owns 8,226 shares of the company’s stock worth $91,000 after purchasing an additional 2,277 shares during the period. Engineers Gate Manager LP grew its position in Kaleyra by 42.2% during the 1st quarter. Engineers Gate Manager LP now owns 18,360 shares of the company’s stock worth $110,000 after purchasing an additional 5,449 shares during the period. NewEdge Advisors LLC grew its position in Kaleyra by 18.6% during the 4th quarter. NewEdge Advisors LLC now owns 34,869 shares of the company’s stock worth $350,000 after purchasing an additional 5,462 shares during the period. Finally, Virtu Financial LLC acquired a new stake in Kaleyra during the 1st quarter worth about $60,000. Institutional investors own 41.34% of the company’s stock.

About Kaleyra (Get Rating)

Kaleyra Inc, through its subsidiaries, provides mobile communication services to financial institutions, e-commerce players, over the tops (OTTs), software companies, logistic enablers, healthcare providers and retailers, and other organizations. Through its platform and Application Programming Interface (APIs), it manages multi-channel integrated communication services globally consisting of messaging, push notifications, e-mail, voice services, video capabilities, and chatbots.

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Insider Buying and Selling by Quarter for Kaleyra (NYSEAMERICAN:KLR)

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