Klaviyo (NYSE:KVYO) Director Roxanne Oulman Sells 13,989 Shares of Company Stock

Klaviyo, Inc. (NYSE:KVYO) Director Roxanne Oulman sold 13,989 shares of the stock in a transaction that occurred 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 in the company, valued at $475,487.44. This trade represents a 37.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Klaviyo Trading Up 1.1%

Shares of KVYO opened at $20.94 on Tuesday. Klaviyo, Inc. has a 1 year low of $12.53 and a 1 year high of $33.35. The stock has a market cap of $5.96 billion, a P/E ratio of 92.87 and a beta of 0.50. The stock’s 50-day moving average price is $18.12 and its two-hundred day moving average price is $17.95.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. Klaviyo had a return on equity of 6.37% and a net margin of 0.54%. The company had revenue of $387.21 million for the quarter, compared to analyst estimates of $380.02 million. During the same period in the previous year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 24.5% compared to the same quarter last year. As a group, equities analysts forecast that Klaviyo, Inc. will post 0.22 EPS for the current year.

Wall Street Analyst Weigh In

KVYO has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price target on shares of Klaviyo from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. Needham & Company LLC reaffirmed a “buy” rating on shares of Klaviyo in a report on Wednesday, September 2nd. The Goldman Sachs Group reiterated a “neutral” rating and issued a $22.50 price target on shares of Klaviyo in a research note on Thursday. KeyCorp lowered their price target on Klaviyo from $35.00 to $29.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Finally, Weiss Ratings upgraded Klaviyo from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, September 8th. Sixteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Klaviyo currently has a consensus rating of “Moderate Buy” and an average price target of $27.02.

Hedge Funds Weigh In On Klaviyo

Institutional investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. bought a new position in Klaviyo in the 1st quarter valued at approximately $39,000. Parallel Advisors LLC grew its stake in shares of Klaviyo by 30.1% during 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 during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Klaviyo by 2,085.1% during the first quarter. EverSource Wealth Advisors LLC now owns 3,802 shares of the company’s stock worth $74,000 after buying an additional 3,628 shares during the last quarter. State of Wyoming increased its holdings in shares of Klaviyo by 100.8% during the third quarter. State of Wyoming now owns 4,554 shares of the company’s stock worth $72,000 after buying an additional 2,286 shares in the last quarter. Finally, Nykredit A S acquired a new position in shares of Klaviyo during the second quarter worth $90,000. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Klaviyo Company 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.

Founded in 2012 by Andrew Bialecki and Ed Hallen, Klaviyo is headquartered in Boston and serves businesses in markets around the world.