Amanda Whalen Sells 23,950 Shares of Klaviyo, Inc. (NYSE:KVYO) Stock

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 23,950 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $40.04, for a total transaction of $958,958.00. Following the completion of the sale, the chief financial officer now owns 395,616 shares in the company, valued at approximately $15,840,464.64. The trade was a 5.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• 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 transaction of $42,073.50.
• 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 transaction of $518,400.00.
• 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.

Klaviyo Price Performance

Shares of Klaviyo stock opened at $38.57 on Wednesday. The business has a fifty day simple moving average of $37.10 and a two-hundred day simple moving average of $30.72. Klaviyo, Inc. has a 1 year low of $21.26 and a 1 year high of $41.00. The company has a market capitalization of $10.40 billion, a price-to-earnings ratio of -214.28 and a beta of 0.97.

Klaviyo (NYSE:KVYO) last posted its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share 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 company had revenue of $235.09 million during the quarter, compared to the consensus estimate of $226.33 million. During the same quarter last year, the firm earned ($1.24) earnings per share. The company’s revenue was up 33.7% on a year-over-year basis. As a group, equities analysts anticipate that Klaviyo, Inc. will post 0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Lisanti Capital Growth LLC bought a new position in Klaviyo in the third quarter valued at about $5,513,000. Pier 88 Investment Partners LLC acquired a new stake in shares of Klaviyo during the third quarter valued at about $966,000. SpiderRock Advisors LLC boosted its stake in shares of Klaviyo by 1,571.7% during the third quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company’s stock valued at $17,743,000 after purchasing an additional 471,500 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Klaviyo during the third quarter valued at about $5,113,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Klaviyo during the second quarter valued at about $747,000. Institutional investors own 45.43% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on KVYO. Canaccord Genuity Group lifted their price target on shares of Klaviyo from $32.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Needham & Company LLC lifted their price target on shares of Klaviyo from $40.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Robert W. Baird lifted their price objective on Klaviyo from $42.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Benchmark cut their price objective on Klaviyo from $42.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Klaviyo in a report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.94.

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.