Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $7.43 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 0.91%. Over the course of the year, Klaviyo Inc shares have jumped approximately 39.02%. Shares of the company reached a 52-week high of $39.92 on 10/30/24 and a 52-week low of $21.26 on 06/21/24. A 50-day SMA is recorded $34.40, while a 200-day SMA reached $27.54. Nevertheless, trading volume fell to 0.56 million shares from 0.56 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 38.16, which, if violated, would cause prices to drop to 37.70. In the upper region, resistance lies at 39.50. The next price resistance is at 40.38. RSI (Relative Strength Index) is 69.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.04, which suggests the price will increase in the coming days. Percent R is at 33.59%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
