Klaviyo Inc’s recent filing unveils that its Chief Financial Officer Whalen Amanda unloaded Company’s shares for reported $0.59 million on Dec 13 ’24. In the deal valued at $39.39 per share,15,000 shares were sold. As a result of this transaction, Whalen Amanda now holds 391,820 shares worth roughly $16.92 million.
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Then, SUMMIT PARTNERS L P sold 2,100,000 shares, generating $82,215,000 in total proceeds. Upon selling the shares at $39.15, the 10% Owner now owns 0 shares.
Before that, Summit Partners Growth Equity bought 1,241,147 shares. Klaviyo Inc shares valued at $50,154,750 were divested by the Owner at a price of $40.41 per share.
Macquarie initiated its Klaviyo Inc [KVYO] rating to a Neutral in a research note published on October 31, 2024; the price target was $36. A number of analysts have revised their coverage, including Stifel’s analysts, who began to cover the stock in late October with a ‘”a Buy”‘ rating. Wells Fargo began covering KVYO with “an Equal weight” recommendation on October 16, 2024. The Benchmark Company started covering the stock on September 30, 2024. It rated KVYO as “a Buy”.
Price Performance Review of KVYO
On Tuesday, Klaviyo Inc [NYSE:KVYO] saw its stock jump 3.72% to $43.18. Over the last five days, the stock has gained 11.95%. Klaviyo Inc shares have risen nearly 55.44% since the year began. Nevertheless, the stocks have risen 50.82% over the past one year. While a 52-week high of $41.75 was reached on 12/17/24, a 52-week low of $21.26 was recorded on 06/21/24. SMA at 50 days reached $37.67, while 200 days put it at $29.23.
Levels Of Support And Resistance For KVYO Stock
The 24-hour chart illustrates a support level at 41.75, which if violated will result in even more drops to 40.31. On the upside, there is a resistance level at 44.50. A further resistance level may holdings at 45.81. The Relative Strength Index (RSI) on the 14-day chart is 69.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.67%. Stochastics %K at 81.00% indicates the stock is a selling.
How much short interest is there in Klaviyo Inc?
A steep rise in short interest was recorded in Klaviyo Inc stocks on 2024-11-29, dropping by -1.3 million shares to a total of 5.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 7.1 million shares. There was a decline of -22.5%, which implies that there is a negative sentiment for the stock.
