D. E. Shaw & Co. Inc. Acquires 866,749 Shares of Klaviyo, Inc. (NYSE:KVYO)

D. E. Shaw & Co. Inc. grew its holdings in Klaviyo, Inc. (NYSE:KVYO) by 195.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,310,227 shares of the company’s stock after purchasing an additional 866,749 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.49% of Klaviyo worth $54,034,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Klaviyo by 9.1% in the 4th quarter. Vanguard Group Inc. now owns 7,721,855 shares of the company’s stock worth $318,449,000 after purchasing an additional 646,628 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Klaviyo by 5.0% during the fourth quarter. Bank of New York Mellon Corp now owns 2,926,187 shares of the company’s stock worth $120,676,000 after acquiring an additional 140,127 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Klaviyo by 0.9% during the fourth quarter. Clearbridge Investments LLC now owns 2,168,336 shares of the company’s stock valued at $89,422,000 after acquiring an additional 19,567 shares during the period. Franklin Resources Inc. boosted its holdings in Klaviyo by 48.6% in the fourth quarter. Franklin Resources Inc. now owns 1,943,523 shares of the company’s stock valued at $80,151,000 after acquiring an additional 635,962 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in Klaviyo by 47.1% in the fourth quarter. Voya Investment Management LLC now owns 1,851,679 shares of the company’s stock worth $76,363,000 after purchasing an additional 592,884 shares during the period. Institutional investors own 45.43% of the company’s stock.

Klaviyo Stock Up 0.4 %

Shares of KVYO stock opened at $33.38 on Friday. Klaviyo, Inc. has a 12 month low of $21.26 and a 12 month high of $49.55. The company’s fifty day simple moving average is $30.54 and its 200-day simple moving average is $37.38. The firm has a market cap of $9.12 billion, a PE ratio of -185.44 and a beta of 1.35.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $279.83 million for the quarter, compared to analysts’ expectations of $267.79 million. Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. The company’s revenue for the quarter was up 33.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 EPS. On average, equities analysts predict that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KVYO has been the topic of a number of recent research reports. Robert W. Baird reduced their price objective on shares of Klaviyo from $54.00 to $37.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. William Blair reiterated an “outperform” rating on shares of Klaviyo in a report on Thursday, February 20th. Barclays boosted their target price on Klaviyo from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday. Stifel Nicolaus increased their price target 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. Finally, Canaccord Genuity Group upped their target price on shares of Klaviyo from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $43.11.

Insider Activity at Klaviyo

In other Klaviyo news, President Stephen Eric Rowland sold 36,710 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $35.08, for a total value of $1,287,786.80. Following the completion of the sale, the president now owns 246,254 shares in the company, valued at $8,638,590.32. This trade represents a 12.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Jeff Fagnan acquired 3,900 shares of the stock in a transaction dated Wednesday, April 9th. The shares were purchased at an average price of $25.77 per share, for a total transaction of $100,503.00. Following the completion of the purchase, the insider now directly owns 3,900 shares in the company, valued at $100,503. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 2,073,770 shares of company stock valued at $67,259,606. Insiders own 53.24% of the company’s stock.

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.