Klaviyo (NYSE:KVYO) Stock Price Up 4.3% – Time to Buy?

Klaviyo, Inc. (NYSE:KVYO)’s stock price was up 4.3% on Tuesday . The stock traded as high as $43.74 and last traded at $43.40. Approximately 853,646 shares changed hands during trading, a decline of 28% from the average daily volume of 1,182,333 shares. The stock had previously closed at $41.63.

Analyst Upgrades and Downgrades

KVYO has been the topic of a number of research analyst reports. KeyCorp upped their price target on shares of Klaviyo from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Macquarie restated a “neutral” rating and issued a $36.00 target price on shares of Klaviyo in a research note on Friday, November 8th. Benchmark decreased their price target on shares of Klaviyo from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Wells Fargo & Company reiterated a “buy” rating on shares of Klaviyo in a report on Friday, October 18th. Finally, William Blair restated an “outperform” rating on shares of Klaviyo in a report on Thursday. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.69.

Klaviyo Price Performance

The company has a market cap of $11.53 billion, a PE ratio of -237.65 and a beta of 0.97. The stock’s 50-day moving average is $37.82 and its 200 day moving average is $31.51.

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

Insider Activity

In related news, CFO Amanda Whalen sold 10,000 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $35.36, for a total value of $353,600.00. Following the transaction, the chief financial officer now owns 422,813 shares in the company, valued at approximately $14,950,667.68. This represents a 2.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Stephen Eric Rowland sold 18,114 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $37.19, for a total transaction of $673,659.66. Following the transaction, the president now directly owns 192,488 shares of the company’s stock, valued at $7,158,628.72. This represents a 8.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 127,650 shares of company stock worth $4,676,705 over the last 90 days. 53.24% of the stock is currently owned by corporate insiders.

Institutional Trading of Klaviyo

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC boosted its stake in shares of Klaviyo by 1,202.0% in the third quarter. Barclays PLC now owns 12,825 shares of the company’s stock worth $453,000 after buying an additional 11,840 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Klaviyo by 45.1% during the 3rd quarter. Geode Capital Management LLC now owns 786,186 shares of the company’s stock worth $27,827,000 after purchasing an additional 244,447 shares during the period. Main Management ETF Advisors LLC purchased a new position in shares of Klaviyo during the 3rd quarter valued at approximately $1,126,000. XTX Topco Ltd lifted its stake in shares of Klaviyo by 79.7% in the 3rd quarter. XTX Topco Ltd now owns 43,775 shares of the company’s stock valued at $1,549,000 after purchasing an additional 19,412 shares during the period. Finally, Whale Rock Capital Management LLC grew its position in Klaviyo by 608.9% during the third quarter. Whale Rock Capital Management LLC now owns 3,600,606 shares of the company’s stock valued at $127,389,000 after buying an additional 3,092,725 shares during the period. 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.