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 that occurred on Monday, November 18th. The stock was sold at an average price of $34.56, for a total transaction of $156,764.16. Following the completion of the sale, the president now directly owns 186,785 shares of the company’s stock, valued at approximately $6,455,289.60. This trade represents a 2.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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 shares were sold at an average price of $37.19, for a total value 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 Stock Performance

NYSE KVYO opened at $35.01 on Thursday. The business’s 50 day moving average price is $36.04 and its 200-day moving average price is $29.42. Klaviyo, Inc. has a fifty-two week low of $21.26 and a fifty-two week high of $41.00. The company has a market cap of $9.44 billion, a P/E ratio of -194.50 and a beta of 1.13.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $235.09 million for the quarter, compared to analysts’ expectations 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 revenue was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.24) earnings per share. As a group, equities analysts predict that Klaviyo, Inc. will post 0.03 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on KVYO shares. Benchmark cut their price objective on shares of Klaviyo from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Canaccord Genuity Group lifted their price objective on Klaviyo from $32.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Piper Sandler increased their target price on shares of Klaviyo from $34.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Barclays raised their price objective on shares of Klaviyo from $32.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Finally, Stifel Nicolaus initiated coverage on Klaviyo in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $45.00 price target for the company. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Klaviyo presently has an average rating of “Moderate Buy” and an average target price of $39.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Advisors Asset Management Inc. lifted its stake in shares of Klaviyo by 145.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after acquiring an additional 808 shares during the last quarter. nVerses Capital LLC bought a new position in Klaviyo in the 3rd quarter valued at $53,000. EntryPoint Capital LLC purchased a new stake in Klaviyo in the first quarter worth $71,000. Dark Forest Capital Management LP lifted its position in shares of Klaviyo by 13.7% during the second quarter. Dark Forest Capital Management LP now owns 23,689 shares of the company’s stock worth $590,000 after purchasing an additional 2,851 shares during the last quarter. Finally, West Tower Group LLC purchased a new stake in shares of Klaviyo during the third quarter valued at $177,000. 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.