Klaviyo, Inc. (NYSE:KVYO) CFO Sells $503,100.00 in Stock

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction on Friday, March 14th. The stock was sold at an average price of $33.54, for a total value of $503,100.00. Following the transaction, the chief financial officer now directly owns 349,623 shares of the company’s stock, valued at $11,726,355.42. This trade represents a 4.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Amanda Whalen also recently made the following trade(s):

• On Monday, February 3rd, Amanda Whalen sold 15,000 shares of Klaviyo stock. The stock was sold at an average price of $45.85, for a total transaction of $687,750.00.
• On Friday, January 10th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The shares were sold at an average price of $39.18, for a total transaction of $587,700.00.

Klaviyo Trading Up 2.0 %

Shares of KVYO opened at $32.81 on Thursday. The stock’s fifty day simple moving average is $41.52 and its 200 day simple moving average is $38.68. The firm has a market capitalization of $8.96 billion, a P/E ratio of -182.25 and a beta of 0.86. Klaviyo, Inc. has a twelve month low of $21.26 and a twelve month high of $49.55.

Klaviyo (NYSE:KVYO) last posted its earnings results on Wednesday, February 19th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. Sell-side analysts predict that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on KVYO. Benchmark upped their target price on Klaviyo from $40.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. KeyCorp upped their price objective on Klaviyo from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Loop Capital lifted their price objective on Klaviyo from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Mizuho upped their target price on shares of Klaviyo from $42.00 to $52.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Finally, Scotiabank lifted their price target on shares of Klaviyo from $35.00 to $45.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $49.11.

Hedge Funds Weigh In On Klaviyo

A number of hedge funds have recently made changes to their positions in KVYO. Victory Capital Management Inc. purchased a new stake in Klaviyo during the 3rd quarter worth $208,000. Advisors Asset Management Inc. lifted its stake in shares of 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 purchasing an additional 808 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Klaviyo by 27.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 424,357 shares of the company’s stock worth $15,014,000 after buying an additional 91,824 shares during the period. West Tower Group LLC acquired a new stake in shares of Klaviyo in the third quarter valued at about $177,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Klaviyo during the 3rd quarter valued at about $481,000. Hedge funds and other institutional investors own 45.43% of the company’s stock.

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.