Stephen Eric Rowland Sells 7,079 Shares of Klaviyo, Inc. (NYSE:KVYO) Stock

Klaviyo, Inc. (NYSE:KVYO) President Stephen Eric Rowland sold 7,079 shares of the company’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $34.86, for a total value of $246,773.94. Following the completion of the sale, the president now owns 450,003 shares of the company’s stock, valued at $15,687,104.58. This represents a 1.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, May 15th, Stephen Eric Rowland sold 7,060 shares of Klaviyo stock. The shares were sold at an average price of $35.00, for a total value of $247,100.00.
• On Tuesday, April 15th, Stephen Eric Rowland sold 7,060 shares of Klaviyo stock. The shares were sold at an average price of $26.66, for a total value of $188,219.60.
• On Friday, March 7th, Stephen Eric Rowland sold 36,710 shares of Klaviyo stock. The shares were sold at an average price of $35.08, for a total value of $1,287,786.80.

Klaviyo Stock Up 0.9%

KVYO opened at $35.21 on Monday. Klaviyo, Inc. has a 12-month low of $21.26 and a 12-month high of $49.55. The stock has a market cap of $9.62 billion, a price-to-earnings ratio of -195.59 and a beta of 1.35. The business has a 50 day moving average of $30.56 and a 200-day moving average of $37.25.

Klaviyo (NYSE:KVYO) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $279.83 million during the quarter, compared to analysts’ expectations of $267.79 million. Klaviyo had a positive return on equity of 0.89% and a negative net margin of 4.92%. The business’s revenue was up 33.3% on a year-over-year basis. During the same period last year, the firm posted $0.13 earnings per share. As a group, analysts expect that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on KVYO shares. Mizuho lowered their price target on Klaviyo from $52.00 to $40.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. William Blair restated an “outperform” rating on shares of Klaviyo in a report on Thursday, February 20th. Needham & Company LLC lowered their price target on Klaviyo from $56.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Scotiabank set a $35.00 price objective on Klaviyo and gave the stock a “sector perform” rating in a report on Wednesday, May 7th. Finally, Stifel Nicolaus increased their price objective on Klaviyo from $45.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $43.11.

Institutional Trading of Klaviyo

Several hedge funds have recently added to or reduced their stakes in KVYO. TFC Financial Management Inc. acquired a new stake in Klaviyo during the 1st quarter worth approximately $27,000. CWM LLC lifted its holdings in Klaviyo by 227.5% during the 1st quarter. CWM LLC now owns 930 shares of the company’s stock worth $28,000 after purchasing an additional 646 shares during the last quarter. State of Wyoming acquired a new stake in Klaviyo during the 1st quarter worth approximately $42,000. Caitong International Asset Management Co. Ltd lifted its holdings in Klaviyo by 217.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,421 shares of the company’s stock worth $43,000 after purchasing an additional 974 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in Klaviyo by 169.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company’s stock worth $72,000 after purchasing an additional 1,102 shares during the last quarter. 45.43% of the stock is owned by institutional investors and hedge funds.

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.