121,234 Shares of Klaviyo, Inc. $KVYO Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP acquired a new stake in shares of Klaviyo, Inc. (NYSE:KVYO) during the third quarter, HoldingsChannel reports. The fund acquired 121,234 shares of the company’s stock, valued at approximately $1,849,000.

A number of other hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC boosted its stake in Klaviyo by 30.1% in the third quarter. Parallel Advisors LLC now owns 2,276 shares of the company’s stock worth $36,000 after buying an additional 526 shares in the last quarter. Seelaus Asset Management LLC raised its stake in shares of Klaviyo by 3.3% during the third quarter. Seelaus Asset Management LLC now owns 19,944 shares of the company’s stock worth $314,000 after acquiring an additional 642 shares in the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Klaviyo by 6.8% during the third quarter. Chicago Partners Investment Group LLC now owns 12,054 shares of the company’s stock worth $254,000 after acquiring an additional 767 shares in the last quarter. Optiver Holding B.V. purchased a new position in shares of Klaviyo during the first quarter worth approximately $39,000. Finally, State of Wyoming lifted its holdings in shares of Klaviyo by 100.8% in the 3rd quarter. State of Wyoming now owns 4,554 shares of the company’s stock worth $72,000 after acquiring an additional 2,286 shares during the last quarter. Institutional investors own 45.43% of the company’s stock.

Klaviyo Stock Performance

Shares of KVYO stock opened at $20.44 on Wednesday. Klaviyo, Inc. has a fifty-two week low of $12.53 and a fifty-two week high of $33.35. The stock has a 50 day moving average price of $18.12 and a two-hundred day moving average price of $17.92. The company has a market capitalization of $5.82 billion, a P/E ratio of 90.52 and a beta of 0.50.

Klaviyo (NYSE:KVYO) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. Klaviyo had a return on equity of 6.73% and a net margin of 0.54%. The firm had revenue of $387.21 million during the quarter, compared to analyst estimates of $380.02 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. The business’s quarterly revenue was up 24.5% compared to the same quarter last year. As a group, equities analysts predict that Klaviyo, Inc. will post 0.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KVYO. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $22.50 price objective on shares of Klaviyo in a research note on Thursday, November 5th. KeyCorp decreased their target price on shares of Klaviyo from $35.00 to $29.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Needham & Company LLC reissued a “buy” rating on shares of Klaviyo in a research note on Wednesday, September 2nd. Canaccord Genuity Group cut their price target on shares of Klaviyo from $32.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, Barclays upped their price target on shares of Klaviyo from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Thursday, November 5th. Sixteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.88.

Insider Buying and Selling

In related news, insider Landon Edmond sold 53,473 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $20.01, for a total transaction of $1,069,994.73. Following the completion of the sale, the insider directly owned 485,969 shares in the company, valued at $9,724,239.69. This represents a 9.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Roxanne Oulman sold 13,989 shares of the stock in a transaction on Friday, November 6th. The shares were sold at an average price of $20.36, for a total transaction of $284,816.04. Following the sale, the director directly owned 23,354 shares of the company’s stock, valued at $475,487.44. The trade was a 37.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 388,239 shares of company stock valued at $7,666,465 over the last quarter. Company insiders own 37.42% of the company’s stock.

Klaviyo Profile

Klaviyo, Inc. provides a customer data and marketing automation platform that helps businesses manage customer relationships and communications. Its software brings together customer information to support personalized marketing and engagement. The platform offers tools for email and text-message marketing, mobile push notifications, automation, audience segmentation, analytics and customer service. Klaviyo also connects with other business applications, including e-commerce platforms, to help companies coordinate customer data and outreach.