Stephen Eric Rowland Sells 4,536 Shares of Klaviyo, Inc. (NYSE:KVYO) Stock

Klaviyo, Inc. (NYSE:KVYO) President Stephen Eric Rowland sold 4,536 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $40.04, for a total transaction of $181,621.44. Following the completion of the sale, the president now owns 260,403 shares in the company, valued at $10,426,536.12. This represents a 1.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Stephen Eric Rowland also recently made the following trade(s):

• On Monday, November 18th, Stephen Eric Rowland sold 4,536 shares of Klaviyo stock. The shares were sold at an average price of $34.56, for a total transaction of $156,764.16.

Klaviyo Trading Up 0.8 %

NYSE KVYO opened at $40.15 on Friday. Klaviyo, Inc. has a 12 month low of $21.26 and a 12 month high of $44.77. The stock has a 50-day simple moving average of $39.49 and a 200 day simple moving average of $34.30. The company has a market capitalization of $10.83 billion, a PE ratio of -223.05 and a beta of 0.57.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $235.09 million for the quarter, compared to the consensus estimate of $226.33 million. Klaviyo had a negative net margin of 5.23% and a positive return on equity of 0.86%. Klaviyo’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same period last year, the company posted ($1.24) EPS. As a group, sell-side analysts predict that Klaviyo, Inc. will post 0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Macquarie reiterated a “neutral” rating and issued a $36.00 target price on shares of Klaviyo in a research note on Friday, November 8th. KeyCorp boosted their price objective on Klaviyo from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Robert W. Baird raised their target price on Klaviyo from $42.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Needham & Company LLC upped their price target on shares of Klaviyo from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Piper Sandler raised their price objective on shares of Klaviyo from $45.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Klaviyo has an average rating of “Moderate Buy” and a consensus target price of $42.29.

Hedge Funds Weigh In On Klaviyo

Institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its holdings in Klaviyo by 40.8% during the second quarter. Renaissance Technologies LLC now owns 238,900 shares of the company’s stock worth $5,946,000 after acquiring an additional 69,200 shares in the last quarter. Blair William & Co. IL grew its position in shares of Klaviyo by 14.3% in the 2nd quarter. Blair William & Co. IL now owns 200,680 shares of the company’s stock valued at $4,995,000 after purchasing an additional 25,149 shares during the period. XTX Topco Ltd increased its stake in Klaviyo by 114.7% during the 2nd quarter. XTX Topco Ltd now owns 24,363 shares of the company’s stock worth $606,000 after purchasing an additional 13,016 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Klaviyo during the 2nd quarter worth approximately $747,000. Finally, Marshall Wace LLP lifted its stake in Klaviyo by 60.9% in the second quarter. Marshall Wace LLP now owns 553,593 shares of the company’s stock valued at $13,779,000 after buying an additional 209,544 shares in the last quarter. Institutional investors and hedge funds 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.