The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Klaviyo Inc shares valued at $673,729 were sold by Rowland Stephen Eric on Oct 15 ’24. At $37.19 per share, Rowland Stephen Eric sold 18,114 shares. The insider’s holdings dropped to 192,488 shares worth approximately $7.37 million following the completion of this transaction.
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Also, Whalen Amanda sold 10,000 shares, netting a total of over 353,600 in proceeds. Following the sale of shares at $35.36 each, the insider now holds 422,813 shares.
Before that, Chaves Allen had sold 130,000 shares from its account. In a trade valued at $4,140,174, the Chief Technology Officer traded Klaviyo Inc shares for $31.85 each. Upon closing the transaction, the insider’s holdings decreased to 130,000 shares, worth approximately $0.0.
As published in their initiating research note from Stifel on October 22, 2024, Klaviyo Inc [KVYO] has been a Buy and the price target has been revised to $45. Analysts at Wells Fargo started covering the stock with ‘”an Equal weight”‘ outlook in a report released in mid October. As of September 30, 2024, The Benchmark Company has initiated its “Buy” rating for KVYO. Earlier on August 08, 2024, KeyBanc Capital Markets upgraded its rating. Their new recommendation was “an Overweight” for KVYO stock which previously was a “a Sector weight”.
Analyzing KVYO Stock Performance
During the last five days, there has been a surge of approximately 3.10%. Over the course of the year, Klaviyo Inc shares have jumped approximately 37.76%. Nevertheless, trading volume fell to 1.45 million shares from 0.53 million shares the previous day.
Support And Resistance Levels for Klaviyo Inc (KVYO)
RSI (Relative Strength Index) is 74.12 on the 14-day chart, showing overbought technical sentiment.
