Klaviyo, Inc. (NYSE:KVYO) President Sells $156,764.16 in Stock

Klaviyo, Inc. (NYSE:KVYO) President Stephen Eric Rowland sold 4,536 shares of Klaviyo stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.56, for a total transaction of $156,764.16. Following the completion of the transaction, the president now directly owns 186,785 shares in the company, valued at $6,455,289.60. The trade was a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, October 15th, Stephen Eric Rowland sold 18,114 shares of Klaviyo stock. The stock was sold at an average price of $37.19, for a total transaction of $673,659.66.
• 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 transaction of $565,881.36.

Klaviyo Price Performance

Klaviyo stock opened at $34.47 on Wednesday. The firm’s 50-day moving average is $35.96 and its two-hundred day moving average is $29.38. The stock has a market capitalization of $9.29 billion, a P/E ratio of -191.50 and a beta of 1.13. Klaviyo, Inc. has a 12-month low of $21.26 and a 12-month high of $41.00.

Klaviyo (NYSE:KVYO) last issued its quarterly 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. Klaviyo had a positive return on equity of 0.86% and a negative net margin of 5.23%. The firm had revenue of $235.09 million for the quarter, compared to analyst estimates of $226.33 million. During the same period last year, the company earned ($1.24) EPS. The firm’s quarterly revenue was up 33.7% on a year-over-year basis. As a group, analysts forecast that Klaviyo, Inc. will post 0.03 EPS for the current year.

Institutional Investors Weigh In On Klaviyo

Several large investors have recently made changes to their positions in KVYO. Whale Rock Capital Management LLC lifted its stake in shares of Klaviyo by 608.9% during the third 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. Bank of New York Mellon Corp raised its holdings in shares of Klaviyo by 677.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,762,128 shares of the company’s stock valued at $68,749,000 after buying an additional 2,406,973 shares during the period. SpiderRock Advisors LLC lifted its position in Klaviyo by 1,571.7% during the 3rd quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company’s stock worth $17,743,000 after acquiring an additional 471,500 shares in the last quarter. Mayflower Financial Advisors LLC lifted its position in Klaviyo by 181.4% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 684,948 shares of the company’s stock worth $24,233,000 after acquiring an additional 441,500 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in Klaviyo by 53.6% in the 2nd quarter. Millennium Management LLC now owns 1,120,485 shares of the company’s stock worth $27,889,000 after acquiring an additional 390,849 shares during the period. Institutional investors and hedge funds own 45.43% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KVYO shares. KeyCorp upgraded Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 price target on the stock in a research report on Thursday, August 8th. Wells Fargo & Company reiterated a “buy” rating on shares of Klaviyo in a research note on Friday, October 18th. Needham & Company LLC upped their price target on Klaviyo from $40.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Benchmark lowered their price objective on shares of Klaviyo from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, Macquarie reissued a “neutral” rating and issued a $36.00 price objective on shares of Klaviyo in a research note on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.