Klaviyo Inc’s filing revealed that its Chief Legal Officer Edmond Landon unloaded Company’s shares for reported $85612.0 on Apr 05 ’24. In the deal valued at $24.15 per share,3,545 shares were sold. As a result of this transaction, Edmond Landon now holds 167,127 shares worth roughly $4.02 million.
Then, Edmond Landon sold 28,613 shares, generating $713,608 in total proceeds. Upon selling the shares at $24.94, the Chief Legal Officer now owns 170,672 shares.
Before that, Weisman Tony sold 33,333 shares. Klaviyo Inc shares valued at $865,658 were divested by the Director at a price of $25.97 per share. As a result of the transaction, Weisman Tony now holds 0 shares, worth roughly $0.0.
Scotiabank initiated its Klaviyo Inc [KVYO] rating to a Sector perform in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in late March with a ‘”a Sector weight”‘ rating. Goldman also remained covering KVYO and has increased its forecast on February 05, 2024 with a “Buy” recommendation from previously “Neutral” rating. Loop Capital started covering the stock on December 08, 2023. It rated KVYO as “a Buy”.
Price Performance Review of KVYO
On Monday, Klaviyo Inc [NYSE:KVYO] saw its stock fall -0.58% to $24.04. Over the last five days, the stock has lost -5.35%. Klaviyo Inc shares have fallen nearly -13.46% since the year began. A total of 0.64 million shares were traded, compared to the trading of 1.08 million shares in the previous session.
Levels Of Support And Resistance For KVYO Stock
The 24-hour chart illustrates a support level at 23.90, which if violated will result in even more drops to 23.75. On the upside, there is a resistance level at 24.26. A further resistance level may holdings at 24.47. The Relative Strength Index (RSI) on the 14-day chart is 38.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.27%. Stochastics %K at 15.82% indicates the stock is a buying.
How much short interest is there in Klaviyo Inc?
A steep rise in short interest was recorded in Klaviyo Inc stocks on Mar 15, 2024, dropping by -1.91 million shares to a total of 3.53 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 5.44 million shares. There was a decline of -54.11%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 16, 2023 when William Blair began covering the stock and recommended ‘”an Outperform”‘ rating .
