Klaviyo, Inc. (NYSE:KVYO – Get Free Report) major shareholder Summit Partners L. P sold 2,000,000 shares of Klaviyo stock in a transaction on Friday, March 14th. The stock was sold at an average price of $32.44, for a total value of $64,880,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Klaviyo Stock Up 1.2 %
KVYO traded up $0.40 during trading on Monday, reaching $33.69. 1,201,424 shares of the stock traded hands, compared to its average volume of 1,203,232. The stock has a market capitalization of $9.20 billion, a PE ratio of -187.15 and a beta of 0.86. The stock’s 50-day moving average is $42.05 and its 200 day moving average is $38.71. Klaviyo, Inc. has a 12 month low of $21.26 and a 12 month high of $49.55.
Klaviyo (NYSE:KVYO – Get Free Report) last released its quarterly earnings data 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 company had revenue of $270.16 million for the quarter, compared to the consensus estimate of $257.24 million. As a group, equities research analysts anticipate that Klaviyo, Inc. will post 0.04 EPS for the current year.
Analysts Set New Price Targets
Read Our Latest Stock Report on Klaviyo
Institutional Investors Weigh In On Klaviyo
Several institutional investors and hedge funds have recently added to or reduced their stakes in KVYO. Advisors Asset Management Inc. increased its stake in shares of Klaviyo by 145.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after purchasing an additional 808 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in Klaviyo by 169.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company’s stock worth $72,000 after buying an additional 1,102 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Klaviyo by 77.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company’s stock worth $77,000 after buying an additional 818 shares during the period. West Tower Group LLC bought a new position in Klaviyo in the 3rd quarter worth approximately $177,000. Finally, SBI Securities Co. Ltd. bought a new position in Klaviyo in the 4th quarter worth approximately $196,000. Hedge funds and other institutional investors own 45.43% of the company’s stock.
About Klaviyo
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.
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