Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Klaviyo Inc shares valued at $85,612 were sold by Edmond Landon on Apr 05 ’24. At $24.15 per share, Edmond Landon sold 3,545 shares. The insider’s holdings dropped to 167,127 shares worth approximately $4.05 million following the completion of this transaction.
Also, Edmond Landon sold 28,613 shares, netting a total of over 713,608 in proceeds. Following the sale of shares at $24.94 each, the insider now holds 170,672 shares.
Before that, Weisman Tony had sold 33,333 shares from its account. In a trade valued at $865,658, the Director traded Klaviyo Inc shares for $25.97 each. Upon closing the transaction, the insider’s holdings decreased to 33,333 shares, worth approximately $0.0.
As published in their initiating research note from Scotiabank on April 03, 2024, Klaviyo Inc [KVYO] has been a Sector perform. Analysts at KeyBanc Capital Markets started covering the stock with ‘”a Sector weight”‘ outlook in a report released in late March. As of February 05, 2024, Goldman has increased its “Neutral” rating to a “Buy” for KVYO. Earlier on December 08, 2023, Loop Capital initiated its rating. Their recommendation was “a Buy” for KVYO stock.
Analyzing KVYO Stock Performance
During the last five days, there has been a drop of approximately -0.49%. Over the course of the year, Klaviyo Inc shares have dropped approximately -12.74%. Nevertheless, trading volume fell to 1.21 million shares from 0.97 million shares the previous day.
Support And Resistance Levels for Klaviyo Inc (KVYO)
According to the 24-hour chart, there is a support level at 23.68, which, if violated, would cause prices to drop to 23.12. In the upper region, resistance lies at 24.54. The next price resistance is at 24.84. RSI (Relative Strength Index) is 42.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.86, which suggests the price will decrease in the coming days. Percent R is at 74.97%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Klaviyo Inc subject to short interest?
Stocks of Klaviyo Inc saw a sharp steep in short interest on Mar 28, 2024 dropping by -1.38 million shares to 3.69 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 5.07 million shares. A decline of -37.4% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.88 of the overall float, the days-to-cover ratio (short ratio) decline to 1.88.
