Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen Sells 1,050 Shares

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 1,050 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $40.07, for a total transaction of $42,073.50. Following the transaction, the chief financial officer now owns 395,616 shares of the company’s stock, valued at approximately $15,852,333.12. This represents a 0.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, December 6th, Amanda Whalen sold 23,950 shares of Klaviyo stock. The stock was sold at an average price of $40.04, for a total transaction of $958,958.00.
• On Monday, November 18th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The shares were sold at an average price of $34.56, for a total value of $518,400.00.
• On Friday, October 4th, Amanda Whalen sold 10,000 shares of Klaviyo stock. The stock was sold at an average price of $35.36, for a total value of $353,600.00.

Klaviyo Price Performance

KVYO stock opened at $40.39 on Tuesday. The company’s 50-day moving average is $37.00 and its 200-day moving average is $30.60. The stock has a market capitalization of $10.89 billion, a PE ratio of -224.39 and a beta of 0.97. Klaviyo, Inc. has a 1 year low of $21.26 and a 1 year high of $41.00.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on KVYO shares. Piper Sandler lifted their price target on Klaviyo from $34.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Cantor Fitzgerald lifted their target price on shares of Klaviyo from $33.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Stifel Nicolaus initiated coverage on shares of Klaviyo in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $45.00 price target for the company. Needham & Company LLC lifted their price target on shares of Klaviyo from $40.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Klaviyo in a research note on Friday, October 18th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $38.94.

Institutional Trading of Klaviyo

Several hedge funds have recently bought and sold shares of KVYO. California State Teachers Retirement System acquired a new position in Klaviyo during the first quarter worth $818,000. SG Americas Securities LLC bought a new stake in shares of Klaviyo during the second quarter worth about $236,000. Washington Capital Management Inc. acquired a new stake in shares of Klaviyo in the 2nd quarter worth about $428,000. Bank of New York Mellon Corp lifted its position in Klaviyo by 677.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,762,128 shares of the company’s stock valued at $68,749,000 after acquiring an additional 2,406,973 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Klaviyo by 1,447.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,852 shares of the company’s stock valued at $668,000 after purchasing an additional 25,117 shares during the last quarter. Institutional investors and hedge funds 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.