Amanda Whalen Sells 15,000 Shares of Klaviyo, Inc. (NYSE:KVYO) Stock

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $45.85, for a total transaction of $687,750.00. Following the transaction, the chief financial officer now directly owns 376,820 shares in the company, valued at $17,277,197. This trade represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, January 10th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The shares were sold at an average price of $39.18, for a total transaction of $587,700.00.
• On Friday, December 13th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The stock was sold at an average price of $39.39, for a total transaction of $590,850.00.
• On Monday, December 9th, Amanda Whalen sold 1,050 shares of Klaviyo stock. The stock was sold at an average price of $40.07, for a total value of $42,073.50.
• On Friday, December 6th, Amanda Whalen sold 23,950 shares of Klaviyo stock. The shares were sold at an average price of $40.04, for a total value of $958,958.00.
• On Monday, November 18th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The stock was sold at an average price of $34.56, for a total value of $518,400.00.

Klaviyo Price Performance

Shares of NYSE KVYO opened at $48.58 on Thursday. Klaviyo, Inc. has a 1 year low of $21.26 and a 1 year high of $48.73. The firm has a 50-day moving average of $41.52 and a 200 day moving average of $36.13. The stock has a market cap of $13.10 billion, a P/E ratio of -269.89 and a beta of 0.60.

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

Analyst Ratings Changes

A number of research firms have recently weighed in on KVYO. Piper Sandler increased their price objective on Klaviyo from $45.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Stifel Nicolaus started coverage on shares of Klaviyo in a report on Tuesday, October 22nd. They issued a “buy” rating and a $45.00 price target on the stock. KeyCorp upped their price objective on shares of Klaviyo from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Morgan Stanley raised their target price on Klaviyo from $38.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Finally, Cantor Fitzgerald upped their price target on Klaviyo from $33.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.63.

Institutional Investors Weigh In On Klaviyo

Institutional investors have recently modified their holdings of the stock. Whale Rock Capital Management LLC boosted its stake in Klaviyo by 608.9% in the 3rd quarter. Whale Rock Capital Management LLC now owns 3,600,606 shares of the company’s stock worth $127,389,000 after purchasing an additional 3,092,725 shares in the last quarter. SpiderRock Advisors LLC raised its holdings in Klaviyo by 1,571.7% in the third quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company’s stock worth $17,743,000 after buying an additional 471,500 shares during the last quarter. Mayflower Financial Advisors LLC lifted its stake in shares of Klaviyo by 181.4% in the third quarter. Mayflower Financial Advisors LLC now owns 684,948 shares of the company’s stock worth $24,233,000 after buying an additional 441,500 shares in the last quarter. Two Sigma Advisers LP increased its position in shares of Klaviyo by 121.5% during the third quarter. Two Sigma Advisers LP now owns 673,500 shares of the company’s stock valued at $23,828,000 after acquiring an additional 369,400 shares in the last quarter. Finally, WCM Investment Management LLC purchased a new position in Klaviyo in the 4th quarter worth approximately $12,781,000. 45.43% of the stock is owned by hedge funds and other institutional investors.

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.