Insider Selling: Klaviyo, Inc. (NYSE:KVYO) President Sells $188,219.60 in Stock

Klaviyo, Inc. (NYSE:KVYO) President Stephen Eric Rowland sold 7,060 shares of the company’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $26.66, for a total value of $188,219.60. Following the transaction, the president now directly owns 447,310 shares in the company, valued at approximately $11,925,284.60. The trade was a 1.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Stephen Eric Rowland also recently made the following trade(s):

• On Friday, March 7th, Stephen Eric Rowland sold 36,710 shares of Klaviyo stock. The shares were sold at an average price of $35.08, for a total value of $1,287,786.80.

Klaviyo Stock Down 1.0 %

Shares of Klaviyo stock opened at $25.70 on Friday. The firm has a market cap of $7.02 billion, a PE ratio of -142.75 and a beta of 1.39. Klaviyo, Inc. has a twelve month low of $21.26 and a twelve month high of $49.55. The business has a 50-day moving average price of $34.44 and a 200 day moving average price of $38.03.

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

Analyst Ratings Changes

Several brokerages recently commented on KVYO. Stifel Nicolaus increased their price objective on shares of Klaviyo from $45.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Truist Financial dropped their price objective on shares of Klaviyo from $55.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday. The Goldman Sachs Group raised their target price on Klaviyo from $45.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Benchmark increased their price objective on Klaviyo from $40.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Finally, Stephens started coverage on Klaviyo in a research note on Wednesday, March 19th. They issued an “overweight” rating and a $43.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Klaviyo has an average rating of “Moderate Buy” and a consensus target price of $47.89.

Hedge Funds Weigh In On Klaviyo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KVYO. CIBC Private Wealth Group LLC increased its stake in shares of Klaviyo by 169.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company’s stock worth $72,000 after purchasing an additional 1,102 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Klaviyo by 77.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company’s stock valued at $77,000 after buying an additional 818 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Klaviyo in the 4th quarter worth about $196,000. US Bancorp DE purchased a new stake in Klaviyo during the 4th quarter worth approximately $199,000. Finally, Keybank National Association OH acquired a new position in shares of Klaviyo during the fourth quarter valued at approximately $203,000. 45.43% of the stock is owned by hedge funds and other institutional investors.

Klaviyo Company 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.