Quadrature Capital Ltd Has $2.15 Million Holdings in Klaviyo, Inc. $KVYO

Quadrature Capital Ltd raised its position in shares of Klaviyo, Inc. (NYSE:KVYO) by 390.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,153 shares of the company’s stock after buying an additional 51,066 shares during the period. Quadrature Capital Ltd’s holdings in Klaviyo were worth $2,152,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Main Management ETF Advisors LLC grew its position in Klaviyo by 1.7% during the 2nd quarter. Main Management ETF Advisors LLC now owns 22,723 shares of the company’s stock worth $763,000 after acquiring an additional 372 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Klaviyo by 22.7% in the first quarter. Advisors Asset Management Inc. now owns 2,731 shares of the company’s stock worth $83,000 after purchasing an additional 506 shares in the last quarter. CWM LLC boosted its stake in Klaviyo by 227.5% in the first quarter. CWM LLC now owns 930 shares of the company’s stock worth $28,000 after purchasing an additional 646 shares in the last quarter. Petrus Trust Company LTA grew its holdings in shares of Klaviyo by 7.0% during the first quarter. Petrus Trust Company LTA now owns 13,439 shares of the company’s stock worth $407,000 after purchasing an additional 884 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Klaviyo in the second quarter valued at $31,000. Institutional investors own 45.43% of the company’s stock.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, CEO Andrew Bialecki sold 226,382 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $32.35, for a total transaction of $7,323,457.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Summit Partners L. P sold 4,000,000 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $31.87, for a total value of $127,480,000.00. The SEC filing for this sale provides additional information. Insiders sold a total of 5,826,203 shares of company stock worth $182,108,343 over the last 90 days. 49.92% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

KVYO has been the topic of several research reports. Macquarie reduced their price target on shares of Klaviyo from $37.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. TD Cowen upped their target price on shares of Klaviyo from $45.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Wall Street Zen cut shares of Klaviyo from a “buy” rating to a “hold” rating in a research note on Friday. Weiss Ratings started coverage on shares of Klaviyo in a report on Saturday, November 1st. They issued a “sell (d-)” rating for the company. Finally, Wells Fargo & Company started coverage on Klaviyo in a report on Tuesday, September 30th. They set an “overweight” rating and a $40.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Klaviyo has an average rating of “Moderate Buy” and a consensus price target of $42.90.

Klaviyo Price Performance

Shares of NYSE:KVYO opened at $28.56 on Friday. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of -119.00 and a beta of 1.26. The company has a 50 day moving average of $27.51 and a 200-day moving average of $30.97. Klaviyo, Inc. has a one year low of $23.44 and a one year high of $49.55.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings data on Thursday, September 25th. The company reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $293.12 million for the quarter. Klaviyo had a negative net margin of 5.70% and a negative return on equity of 1.00%. Equities research analysts anticipate that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

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.