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Klaviyo Inc (KVYO) may enjoy gains as insiders got busy in the recent days

In a filing, Klaviyo Inc revealed its President Rowland Stephen Eric unloaded Company’s shares for reported $0.18 million on Dec 16 ’24. In the deal valued at $40.50 per share,4,536 shares were sold. As a result of this transaction, Rowland Stephen Eric now holds 186,785 shares worth roughly $7.82 million.

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Then, Whalen Amanda sold 15,000 shares, generating $590,850 in total proceeds. Upon selling the shares at $39.39, the Chief Financial Officer now owns 391,820 shares.

Before that, SUMMIT PARTNERS L P sold 2,100,000 shares. Klaviyo Inc shares valued at $82,215,000 were divested by the 10% Owner at a price of $39.15 per share. As a result of the transaction, SUMMIT PARTNERS L P now holds 0 shares, worth roughly $0.0.

Loop Capital reiterated its Klaviyo Inc [KVYO] rating to a Buy in a research note published on December 23, 2024; the price target was $60. A number of analysts have revised their coverage, including Macquarie’s analysts, who began to cover the stock in late October with a ‘”a Neutral”‘ rating. Stifel began covering KVYO with “Buy” recommendation on October 22, 2024. Wells Fargo started covering the stock on October 16, 2024. It rated KVYO as “an Equal weight”.

Price Performance Review of KVYO

On Monday, Klaviyo Inc [NYSE:KVYO] saw its stock fall -2.15% to $41.85. Over the last five days, the stock has lost -5.06%. Klaviyo Inc shares have risen nearly 50.65% since the year began. Nevertheless, the stocks have risen 48.62% over the past one year. While a 52-week high of $44.77 was reached on 12/23/24, a 52-week low of $21.26 was recorded on 06/21/24. SMA at 50 days reached $38.67, while 200 days put it at $29.94.

Levels Of Support And Resistance For KVYO Stock

The 24-hour chart illustrates a support level at 41.17, which if violated will result in even more drops to 40.50. On the upside, there is a resistance level at 42.41. A further resistance level may holdings at 42.98. The Relative Strength Index (RSI) on the 14-day chart is 56.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.79%. Stochastics %K at 67.80% indicates the stock is a holding.

How much short interest is there in Klaviyo Inc?

A steep rise in short interest was recorded in Klaviyo Inc stocks on 2024-12-13, dropping by -1.63 million shares to a total of 6.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 7.69 million shares. There was a decline of -26.94%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on September 30, 2024 when The Benchmark Company began covering the stock and recommended ‘”a Buy”‘ rating along with a $42 price target.

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