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 stock was sold at an average price of $40.04, for a total value of $181,621.44. Following the completion of the sale, the president now directly owns 260,403 shares in the company, valued at $10,426,536.12. This represents a 1.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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 value of $156,764.16.

Klaviyo Trading Up 0.8 %

NYSE KVYO traded up $0.32 during trading on Friday, reaching $40.15. The company’s stock had a trading volume of 860,239 shares, compared to its average volume of 832,776. The stock has a market capitalization of $10.83 billion, a PE ratio of -223.05 and a beta of 0.57. Klaviyo, Inc. has a 1-year low of $21.26 and a 1-year high of $44.77. The business has a 50-day moving average price of $39.35 and a 200-day moving average price of $34.19.

Klaviyo (NYSE:KVYO) last posted its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.04. The company 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 business’s revenue was up 33.7% compared to the same quarter last year. During the same period last year, the company earned ($1.24) earnings per share. As a group, analysts expect that Klaviyo, Inc. will post 0.03 earnings per share for the current year.

Institutional Trading of Klaviyo

A number of institutional investors and hedge funds have recently modified their holdings of KVYO. Advisors Asset Management Inc. raised its holdings in Klaviyo by 145.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after acquiring an additional 808 shares during the period. nVerses Capital LLC acquired a new stake in shares of Klaviyo in the third quarter valued at about $53,000. West Tower Group LLC acquired a new stake in shares of Klaviyo in the third quarter valued at about $177,000. Victory Capital Management Inc. bought a new position in shares of Klaviyo in the third quarter worth about $208,000. Finally, William Marsh Rice University acquired a new position in shares of Klaviyo during the 3rd quarter worth about $245,000. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KVYO has been the subject of several research reports. Benchmark reduced their price objective on shares of Klaviyo from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Loop Capital raised their target price on shares of Klaviyo from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Robert W. Baird upped their price target on Klaviyo from $42.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Macquarie reissued a “neutral” rating and set a $36.00 price objective on shares of Klaviyo in a research note on Friday, November 8th. Finally, William Blair reaffirmed an “outperform” rating on shares of Klaviyo in a research report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.29.

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.