Q: There has been so much price increase , I wonder if there is any insider buying or selling in the last 3 months ? Does the increased stake in Klaviyo poses any significance ? Thanks a lot.
5i Research Answer:
SHOP has disclosed its ownership of 44% of KVYO, up from 11%. It is an $8B company, so a decent-size investment but for now we expect that is all it is. If SHOP wanted to buy the whole company we think it would have tried prior to its IPO. There has been some very minor inside selling of SHOP recently. In the past six months, there has been a small amount of net insider selling as well. But the CEO did buy $10M in shares about a year ago.