Klaviyo (NYSE:KVYO) Shares Up 6.3% – Should You Buy?

Klaviyo, Inc. (NYSE:KVYO) shot up 6.3% on Tuesday . The company traded as high as $46.38 and last traded at $46.06. 490,610 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 838,568 shares. The stock had previously closed at $43.32.

Wall Street Analysts Forecast Growth

KVYO has been the subject of a number of recent analyst reports. Needham & Company LLC increased their price target on Klaviyo from $40.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Wells Fargo & Company raised their price target on shares of Klaviyo from $37.00 to $41.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 7th. Macquarie reaffirmed a “neutral” rating and issued a $36.00 price target on shares of Klaviyo in a research report on Friday, November 8th. Morgan Stanley raised their price target on shares of Klaviyo from $38.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Finally, Cantor Fitzgerald raised their price target on shares of 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 fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $43.18.

Klaviyo Trading Up 3.1 %

The company has a market capitalization of $12.73 billion, a P/E ratio of -262.31 and a beta of 0.57. The business’s fifty day moving average price is $40.72 and its 200-day moving average price is $35.45.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings data 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 negative net margin of 5.23% and a positive return on equity of 0.86%. The company had revenue of $235.09 million during the quarter, compared to the consensus estimate of $226.33 million. During the same period in the previous year, the firm posted ($1.24) EPS. The firm’s revenue was up 33.7% compared to the same quarter last year. As a group, equities research analysts forecast that Klaviyo, Inc. will post 0.03 EPS for the current year.

Insiders Place Their Bets

In related news, President Stephen Eric Rowland sold 4,536 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.56, for a total transaction of $156,764.16. Following the transaction, the president now 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Amanda Whalen sold 15,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.56, for a total transaction 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 represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 159,072 shares of company stock valued at $6,090,767 over the last three months. Insiders own 53.24% of the company’s stock.

Institutional Investors Weigh In On Klaviyo

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Legato Capital Management LLC grew its holdings in Klaviyo by 21.7% in the fourth quarter. Legato Capital Management LLC now owns 40,032 shares of the company’s stock worth $1,651,000 after purchasing an additional 7,142 shares during the period. WCM Investment Management LLC purchased a new stake in Klaviyo in the fourth quarter worth about $12,781,000. Wilmington Savings Fund Society FSB grew its holdings in Klaviyo by 17,445.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 16,142 shares of the company’s stock worth $666,000 after purchasing an additional 16,050 shares during the period. Renaissance Capital LLC grew its holdings in Klaviyo by 56.4% in the fourth quarter. Renaissance Capital LLC now owns 122,646 shares of the company’s stock worth $5,058,000 after purchasing an additional 44,245 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Klaviyo by 21.4% in the fourth quarter. SG Americas Securities LLC now owns 10,929 shares of the company’s stock worth $451,000 after purchasing an additional 1,923 shares during the period. Hedge funds and other institutional investors own 45.43% of the company’s stock.

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.