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

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 15,000 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $34.56, for a total value of $518,400.00. Following the transaction, the chief financial officer now owns 395,616 shares in the company, valued at $13,672,488.96. This trade represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, October 4th, Amanda Whalen sold 10,000 shares of Klaviyo stock. The stock was sold at an average price of $35.36, for a total transaction of $353,600.00.
• On Friday, September 6th, Amanda Whalen sold 10,000 shares of Klaviyo stock. The shares were sold at an average price of $29.72, for a total transaction of $297,200.00.

Klaviyo Stock Down 0.9 %

Klaviyo stock traded down $0.31 during midday trading on Tuesday, hitting $34.47. The company’s stock had a trading volume of 849,399 shares, compared to its average volume of 1,177,909. Klaviyo, Inc. has a 12 month low of $21.26 and a 12 month high of $41.00. The stock’s 50-day moving average price is $35.87 and its 200-day moving average price is $29.29. The company has a market capitalization of $9.29 billion, a PE ratio of -191.44 and a beta of 1.13.

Klaviyo (NYSE:KVYO) last released its earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04. The business had revenue of $235.09 million during the quarter, compared to analyst estimates of $226.33 million. Klaviyo had a negative net margin of 5.23% and a positive return on equity of 0.86%. The business’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period in the prior year, the business earned ($1.24) earnings per share. As a group, equities analysts anticipate that Klaviyo, Inc. will post 0.03 EPS for the current year.

Institutional Investors Weigh In On Klaviyo

Several large investors have recently modified their holdings of KVYO. Advisors Asset Management Inc. lifted its holdings in shares of Klaviyo by 145.6% during the third quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock valued at $48,000 after purchasing an additional 808 shares during the last quarter. nVerses Capital LLC purchased a new stake in Klaviyo during the third quarter valued at about $53,000. EntryPoint Capital LLC purchased a new stake in Klaviyo during the first quarter valued at about $71,000. West Tower Group LLC purchased a new position in shares of Klaviyo in the third quarter worth approximately $177,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Klaviyo during the third quarter valued at approximately $208,000. 45.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KVYO. Wells Fargo & Company reaffirmed a “buy” rating on shares of Klaviyo in a report on Friday, October 18th. Canaccord Genuity Group increased their target price on Klaviyo from $32.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Robert W. Baird boosted their price target on shares of Klaviyo from $42.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. 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 objective on the stock. Finally, Barclays boosted their target price on shares of Klaviyo from $32.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $39.00.

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.