Ieq Capital LLC Buys 40,171 Shares of Klaviyo, Inc. (NYSE:KVYO)

Ieq Capital LLC lifted its stake in shares of Klaviyo, Inc. (NYSE:KVYO) by 370.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,024 shares of the company’s stock after purchasing an additional 40,171 shares during the quarter. Ieq Capital LLC’s holdings in Klaviyo were worth $2,104,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Advisors Asset Management Inc. grew its position in Klaviyo by 145.6% during the third quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after buying an additional 808 shares in the last quarter. West Tower Group LLC bought a new stake in shares of Klaviyo during the 3rd quarter valued at about $177,000. Victory Capital Management Inc. purchased a new position in shares of Klaviyo during the third quarter worth about $208,000. Creative Planning bought a new position in shares of Klaviyo in the third quarter worth approximately $254,000. Finally, Aigen Investment Management LP purchased a new stake in Klaviyo in the third quarter valued at approximately $335,000. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Insider Transactions at Klaviyo

In other news, CFO Amanda Whalen sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $45.85, for a total value of $687,750.00. Following the completion of the transaction, the chief financial officer now owns 376,820 shares in the company, valued at $17,277,197. This trade represents a 3.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Landon Edmond sold 40,000 shares of Klaviyo stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $41.80, for a total value of $1,672,000.00. Following the sale, the insider now owns 298,607 shares in the company, valued at $12,481,772.60. This represents a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 114,536 shares of company stock valued at $4,720,953. Company insiders own 53.24% of the company’s stock.

Klaviyo Trading Down 5.6 %

KVYO stock opened at $41.79 on Monday. The stock has a market capitalization of $11.27 billion, a price-to-earnings ratio of -232.14 and a beta of 0.60. The firm’s 50-day moving average price is $43.72 and its two-hundred day moving average price is $38.14. Klaviyo, Inc. has a 12-month low of $21.26 and a 12-month high of $49.55.

Klaviyo (NYSE:KVYO) last announced its earnings results on Wednesday, February 19th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.12). The business had revenue of $270.16 million for the quarter, compared to the consensus estimate of $257.24 million. Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. Equities analysts predict that Klaviyo, Inc. will post 0.04 EPS for the current year.

Wall Street Analysts Forecast Growth

KVYO has been the topic of a number of research analyst reports. Barclays increased their price target on shares of Klaviyo from $47.00 to $51.00 and gave the stock an “overweight” rating in a report on Thursday. Robert W. Baird increased their target price on Klaviyo from $52.00 to $54.00 and gave the company an “outperform” rating in a research note on Thursday. Loop Capital lifted their price target on Klaviyo from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Canaccord Genuity Group upped their price objective on Klaviyo from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Scotiabank raised their price objective on Klaviyo from $35.00 to $45.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.44.

Klaviyo Profile

Klaviyo, Inc, a technology company, provides a software-as-a-service platform in the United States, other Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers Klaviyo, a cloud-native platform for data store, segmentation engine, campaigns and flows, and messaging infrastructure.