Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Klaviyo Inc shares valued at $82,215,000 were sold by SUMMIT PARTNERS L P on Dec 09 ’24. At $39.15 per share, SUMMIT PARTNERS L P sold 2,100,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Summit Partners Growth Equity purchased 1,241,147 shares, netting a total of over 50,154,750 in proceeds.
Before that, Summit Partners Growth Equity had added 774,955 shares to its account. In a trade valued at $31,315,932, the Owner bought Klaviyo Inc shares for $40.41 each.
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 surge of approximately 1.16%. Over the course of the year, Klaviyo Inc shares have jumped approximately 41.86%. 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 $37.21, while a 200-day SMA reached $28.96. Nevertheless, trading volume fell to 0.92 million shares from 1.63 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 38.74, which, if violated, would cause prices to drop to 38.07. In the upper region, resistance lies at 39.83. The next price resistance is at 40.25. RSI (Relative Strength Index) is 58.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.42, which suggests the price will increase in the coming days. Percent R is at 24.65%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
