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 $3,615,136 were purchased by Chaves Allen on Nov 21 ’24. At $36.15 per share, Chaves Allen acquired 100,000 shares.
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Also, Rowland Stephen Eric sold 4,536 shares, netting a total of over 156,764 in proceeds. Following the sale of shares at $34.56 each, the insider now holds 186,785 shares.
Before that, Edmond Landon had sold 40,000 shares from its account. In a trade valued at $1,382,400, the Chief Legal Officer traded Klaviyo Inc shares for $34.56 each. Upon closing the transaction, the insider’s holdings decreased to 40,000 shares, worth approximately $8.67 million.
As published in their initiating research note from Macquarie on October 31, 2024, Klaviyo Inc [KVYO] has been a Neutral and the price target has been revised to $36. Analysts at Stifel started covering the stock with ‘”a Buy”‘ outlook in a report released in late October. As of October 16, 2024, Wells Fargo has initiated its “an Equal weight” rating for KVYO. Earlier on September 30, 2024, The Benchmark Company initiated its rating. Their recommendation was “a Buy” for KVYO stock.
Analyzing KVYO Stock Performance
During the last five days, there has been a drop of approximately -0.89%. Over the course of the year, Klaviyo Inc shares have jumped approximately 31.82%. Shares of the company reached a 52-week high of $41.00 on 11/06/24 and a 52-week low of $21.26 on 06/21/24. A 50-day SMA is recorded $36.15, while a 200-day SMA reached $28.39. Nevertheless, trading volume fell to 1.9 million shares from 1.0 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 35.18, which, if violated, would cause prices to drop to 33.73. In the upper region, resistance lies at 37.50. The next price resistance is at 38.37. RSI (Relative Strength Index) is 51.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.87, which suggests the price will decrease in the coming days. Percent R is at 48.78%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
