Landon Edmond Sells 40,000 Shares of Klaviyo, Inc. (NYSE:KVYO) Stock

Klaviyo, Inc. (NYSE:KVYO) insider Landon Edmond sold 40,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $41.80, for a total value of $1,672,000.00. Following the transaction, the insider now owns 298,607 shares of the company’s stock, valued at $12,481,772.60. This trade represents a 11.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Landon Edmond also recently made the following trade(s):

• On Monday, November 18th, Landon Edmond sold 40,000 shares of Klaviyo stock. The stock was sold at an average price of $34.56, for a total transaction of $1,382,400.00.

Klaviyo Stock Performance

Klaviyo stock opened at $39.39 on Friday. The company has a 50 day moving average price of $39.24 and a 200 day moving average price of $33.84. Klaviyo, Inc. has a 52 week low of $21.26 and a 52 week high of $44.77. The firm has a market capitalization of $10.62 billion, a price-to-earnings ratio of -218.82 and a beta of 0.57.

Klaviyo (NYSE:KVYO) last released its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The company had revenue of $235.09 million during 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%. The company’s revenue was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.24) EPS. Equities analysts forecast that Klaviyo, Inc. will post 0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Klaviyo

Institutional investors have recently bought and sold shares of the stock. Whale Rock Capital Management LLC increased its stake 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 acquiring an additional 3,092,725 shares during the period. SpiderRock Advisors LLC increased its holdings in shares of Klaviyo by 1,571.7% in the third quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company’s stock valued at $17,743,000 after purchasing an additional 471,500 shares in the last quarter. Mayflower Financial Advisors LLC raised its position in shares of Klaviyo by 181.4% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 684,948 shares of the company’s stock valued at $24,233,000 after acquiring an additional 441,500 shares during the last quarter. Millennium Management LLC raised its position in shares of Klaviyo by 53.6% in the 2nd quarter. Millennium Management LLC now owns 1,120,485 shares of the company’s stock valued at $27,889,000 after acquiring an additional 390,849 shares during the period. Finally, Two Sigma Advisers LP lifted its holdings in Klaviyo by 121.5% during the third quarter. Two Sigma Advisers LP now owns 673,500 shares of the company’s stock worth $23,828,000 after acquiring an additional 369,400 shares in the last quarter. 45.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KVYO has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Klaviyo from $37.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 7th. Cantor Fitzgerald boosted their target price on Klaviyo from $33.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Barclays increased their price target on Klaviyo from $32.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Macquarie reissued a “neutral” rating and issued a $36.00 price objective on shares of Klaviyo in a research note on Friday, November 8th. Finally, Loop Capital raised their target price on Klaviyo from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.41.

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.