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Klaviyo Inc (KVYO) rating reiterates by Loop Capital

Klaviyo Inc’s recently made public that its President Rowland Stephen Eric unloaded Company’s shares for reported $0.18 million on Jan 15 ’25. In the deal valued at $40.04 per share,4,536 shares were sold. As a result of this transaction, Rowland Stephen Eric now holds 260,403 shares worth roughly $10.78 million.

Then, Edmond Landon sold 40,000 shares, generating $1,671,901 in total proceeds. Upon selling the shares at $41.80, the Chief Legal Officer now owns 298,607 shares.

Before that, Whalen Amanda sold 15,000 shares. Klaviyo Inc shares valued at $587,763 were divested by the Chief Financial Officer at a price of $39.18 per share. As a result of the transaction, Whalen Amanda now holds 391,820 shares, worth roughly $16.22 million.

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 Tuesday, Klaviyo Inc [NYSE:KVYO] saw its stock jump 3.01% to $41.39. Over the last five days, the stock has gained 5.86%. Klaviyo Inc shares have risen nearly 0.36% since the year began. Nevertheless, the stocks have risen 68.87% over the past one year. While a 52-week high of $44.77 was reached on 01/06/25, a 52-week low of $21.26 was recorded on 01/13/25. SMA at 50 days reached $39.23, while 200 days put it at $30.94.

Levels Of Support And Resistance For KVYO Stock

The 24-hour chart illustrates a support level at 40.59, which if violated will result in even more drops to 39.78. On the upside, there is a resistance level at 41.87. A further resistance level may holdings at 42.35. The Relative Strength Index (RSI) on the 14-day chart is 54.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.52%. Stochastics %K at 43.92% 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 2024-12-31, growing by 0.83 million shares to a total of 6.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 5.8 million shares. There was a rise of 12.45%, which implies that there is a positive 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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