Klaviyo, Inc. (NYSE:KVYO) President Stephen Eric Rowland Sells 18,114 Shares

Klaviyo, Inc. (NYSE:KVYO) President Stephen Eric Rowland sold 18,114 shares of the business’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 value of $673,659.66. Following the completion of the sale, the president now directly owns 192,488 shares in the company, valued at approximately $7,158,628.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Stephen Eric Rowland also recently made the following trade(s):

• On Monday, September 16th, Stephen Eric Rowland sold 18,114 shares of Klaviyo stock. The shares were sold at an average price of $31.24, for a total value of $565,881.36.
• On Friday, August 16th, Stephen Eric Rowland sold 18,114 shares of Klaviyo stock. The shares were sold at an average price of $31.67, for a total value of $573,670.38.

Klaviyo Stock Performance

Shares of NYSE:KVYO traded up $0.24 during trading hours on Thursday, reaching $37.36. The stock had a trading volume of 413,685 shares, compared to its average volume of 1,138,137. The firm’s 50 day moving average is $33.01 and its 200-day moving average is $27.01. The stock has a market capitalization of $9.88 billion and a price-to-earnings ratio of -26.28. Klaviyo, Inc. has a 1 year low of $21.26 and a 1 year high of $38.10.

Klaviyo (NYSE:KVYO) last released its earnings results on Wednesday, August 7th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.10 by $0.05. Klaviyo had a negative net margin of 42.15% and a negative return on equity of 32.19%. The company had revenue of $222.21 million during the quarter, compared to analysts’ expectations of $212.34 million. During the same quarter last year, the business earned $0.09 EPS. The business’s revenue was up 35.0% on a year-over-year basis. Analysts forecast that Klaviyo, Inc. will post -0.01 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KVYO. nVerses Capital LLC acquired a new stake in Klaviyo in the third quarter valued at $53,000. Salem Investment Counselors Inc. increased its stake in Klaviyo by 161.1% during the 1st quarter. Salem Investment Counselors Inc. now owns 2,350 shares of the company’s stock valued at $60,000 after buying an additional 1,450 shares during the period. EntryPoint Capital LLC acquired a new position in Klaviyo during the 1st quarter valued at about $71,000. SG Americas Securities LLC bought a new position in shares of Klaviyo during the 2nd quarter valued at about $236,000. Finally, William Marsh Rice University bought a new position in shares of Klaviyo during the 3rd quarter valued at about $245,000. 45.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KVYO has been the subject of a number of analyst reports. Benchmark initiated coverage on Klaviyo in a research note on Monday, September 30th. They issued a “buy” rating and a $42.00 price target for the company. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Klaviyo in a research report on Wednesday, September 4th. KeyCorp raised shares of Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 price target for the company in a report on Thursday, August 8th. Piper Sandler raised their price objective on shares of Klaviyo from $30.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Finally, Robert W. Baird raised their price objective on shares of Klaviyo from $35.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.13.

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.