Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $3.81 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 Cantor Fitzgerald on April 16, 2024, Klaviyo Inc [KVYO] has been an Overweight and the price target has been revised to $31. Analysts at Scotiabank started covering the stock with ‘”a Sector perform”‘ outlook in a report released in early April. As of March 21, 2024, KeyBanc Capital Markets has initiated its “Sector weight” rating for KVYO. Earlier on February 05, 2024, Goldman upgraded its rating. Their new recommendation was “a Buy” for KVYO stock which previously was a “a Neutral”.
Analyzing KVYO Stock Performance
During the last five days, there has been a drop of approximately -5.98%. Over the course of the year, Klaviyo Inc shares have dropped approximately -17.96%. Nevertheless, trading volume fell to 0.93 million shares from 1.1 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 22.42, which, if violated, would cause prices to drop to 22.05. In the upper region, resistance lies at 23.45. The next price resistance is at 24.11. RSI (Relative Strength Index) is 35.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.74, which suggests the price will decrease in the coming days. Percent R is at 97.39%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
