Klaviyo Inc’s recently made public that its Chief Technology Officer Chaves Allen unloaded Company’s shares for reported $4.14 million on Sep 16 ’24. In the deal valued at $31.85 per share,130,000 shares were sold. As a result of this transaction, Chaves Allen now holds 0 shares worth roughly $0.0.
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Then, Rowland Stephen Eric sold 18,114 shares, generating $565,881 in total proceeds. Upon selling the shares at $31.24, the President now owns 192,488 shares.
Before that, SUMMIT PARTNERS L P sold 113,561 shares. Klaviyo Inc shares valued at $3,573,765 were divested by the 10% Owner at a price of $31.47 per share. As a result of the transaction, SUMMIT PARTNERS L P now holds 0 shares, worth roughly $0.0.
The Benchmark Company initiated its Klaviyo Inc [KVYO] rating to a Buy in a research note published on September 30, 2024; the price target was $42. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who increased its forecast for the stock in early August from “a Sector weight” to “an Overweight”. Barclays also remained covering KVYO and has increased its forecast on June 12, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Cantor Fitzgerald started covering the stock on April 16, 2024. It rated KVYO as “an Overweight”.
Price Performance Review of KVYO
On Tuesday, Klaviyo Inc [NYSE:KVYO] saw its stock jump 0.28% to $35.48. Over the last five days, the stock has gained 2.78%. Klaviyo Inc shares have risen nearly 27.72% since the year began. Nevertheless, the stocks have risen 2.84% over the past one year. While a 52-week high of $36.47 was reached on 09/30/24, a 52-week low of $21.26 was recorded on 06/21/24. SMA at 50 days reached $30.45, while 200 days put it at $26.54.
Levels Of Support And Resistance For KVYO Stock
The 24-hour chart illustrates a support level at 35.01, which if violated will result in even more drops to 34.55. On the upside, there is a resistance level at 36.10. A further resistance level may holdings at 36.73. The Relative Strength Index (RSI) on the 14-day chart is 72.97, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.49, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.47%. Stochastics %K at 87.41% indicates the stock is a selling.
How much short interest is there in Klaviyo Inc?
A steep rise in short interest was recorded in Klaviyo Inc stocks on 2024-09-13, dropping by -0.58 million shares to a total of 9.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 10.11 million shares. There was a decline of -6.08%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 03, 2024 when Scotiabank began covering the stock and recommended ‘”a Sector perform”‘ rating .
