KD Logo

Wells Fargo analysts initates an Equal weight rating for Klaviyo Inc (KVYO)

Klaviyo Inc’s recently made public that its President Rowland Stephen Eric unloaded Company’s shares for reported $0.67 million on Oct 15 ’24. In the deal valued at $37.19 per share,18,114 shares were sold. As a result of this transaction, Rowland Stephen Eric now holds 192,488 shares worth roughly $7.22 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Then, Whalen Amanda sold 10,000 shares, generating $353,600 in total proceeds. Upon selling the shares at $35.36, the Chief Financial Officer now owns 422,813 shares.

Before that, Chaves Allen sold 130,000 shares. Klaviyo Inc shares valued at $4,140,174 were divested by the Chief Technology Officer at a price of $31.85 per share. As a result of the transaction, Chaves Allen now holds 0 shares, worth roughly $0.0.

Wells Fargo initiated its Klaviyo Inc [KVYO] rating to an Equal weight in a research note published on October 16, 2024; the price target was $37. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. KeyBanc Capital Markets also remained covering KVYO and has increased its forecast on August 08, 2024 with a “an Overweight” recommendation from previously “Sector weight” rating. Barclays revised its rating on June 12, 2024. It rated KVYO as “an Overweight” which previously was an “an Equal weight”.

Price Performance Review of KVYO

On Friday, Klaviyo Inc [NYSE:KVYO] saw its stock jump 0.43% to $37.52. Over the last five days, the stock has gained 1.41%. Klaviyo Inc shares have risen nearly 35.06% since the year began. Nevertheless, the stocks have risen 22.33% over the past one year. While a 52-week high of $38.10 was reached on 10/18/24, a 52-week low of $21.26 was recorded on 06/21/24. SMA at 50 days reached $33.26, while 200 days put it at $27.06.

Levels Of Support And Resistance For KVYO Stock

The 24-hour chart illustrates a support level at 37.03, which if violated will result in even more drops to 36.55. On the upside, there is a resistance level at 38.25. A further resistance level may holdings at 38.99. The Relative Strength Index (RSI) on the 14-day chart is 73.09, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.17, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.80%. Stochastics %K at 76.65% indicates the stock is a holding.

How much short interest is there in Klaviyo Inc?

A steep rise in short interest was recorded in Klaviyo Inc stocks on 2024-09-30, growing by 14345.0 shares to a total of 9.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 9.7 million shares. There was a rise of 0.15%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on April 16, 2024 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $31 price target.

Most Popular