Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Klaviyo Inc shares valued at $320,450 were sold by Ceran Jennifer on May 22 ’24. At $24.65 per share, Ceran Jennifer sold 13,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, St. Ledger Susan sold 10,500 shares, netting a total of over 258,930 in proceeds. Following the sale of shares at $24.66 each, the insider now holds 0 shares.
Before that, Edmond Landon had sold 3,545 shares from its account. In a trade valued at $85,612, the Chief Legal Officer traded Klaviyo Inc shares for $24.15 each. Upon closing the transaction, the insider’s holdings decreased to 3,545 shares, worth approximately $3.96 million.
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 -2.95%. Over the course of the year, Klaviyo Inc shares have dropped approximately -14.79%. Nevertheless, trading volume fell to 0.84 million shares from 0.58 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 23.15, which, if violated, would cause prices to drop to 22.63. In the upper region, resistance lies at 24.55. The next price resistance is at 25.43. RSI (Relative Strength Index) is 48.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.34, which suggests the price will decrease in the coming days. Percent R is at 47.83%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
