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 $4,140,174 were sold by Chaves Allen on Sep 16 ’24. At $31.85 per share, Chaves Allen sold 130,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Rowland Stephen Eric sold 18,114 shares, netting a total of over 565,881 in proceeds. Following the sale of shares at $31.24 each, the insider now holds 192,488 shares.
Before that, SUMMIT PARTNERS L P had sold 113,561 shares from its account. In a trade valued at $3,573,765, the 10% Owner traded Klaviyo Inc shares for $31.47 each. Upon closing the transaction, the insider’s holdings decreased to 113,561 shares, worth approximately $0.0.
As published in a research note from KeyBanc Capital Markets on August 08, 2024, Klaviyo Inc [KVYO] has been rated up from a Sector weight to an Overweight and the price target has been revised to $33. Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid June. As of April 16, 2024, Cantor Fitzgerald has initiated its “an Overweight” rating for KVYO. Earlier on April 03, 2024, Scotiabank initiated its rating. Their recommendation was “a Sector perform” for KVYO stock.
Analyzing KVYO Stock Performance
During the last five days, there has been a surge of approximately 6.32%. Over the course of the year, Klaviyo Inc shares have jumped approximately 20.52%. A 50-day SMA is recorded $28.86, while a 200-day SMA reached $26.35. Nevertheless, trading volume fell to 1.8 million shares from 1.47 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 33.00, which, if violated, would cause prices to drop to 32.52. In the upper region, resistance lies at 34.38. The next price resistance is at 35.28. RSI (Relative Strength Index) is 65.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.27, which suggests the price will increase in the coming days. Percent R is at 25.71%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
