Insider Selling: Klaviyo, Inc. (NYSE:KVYO) CFO Sells 15,000 Shares of Stock

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $39.18, for a total value of $587,700.00. Following the completion of the sale, the chief financial officer now directly owns 391,820 shares in the company, valued at approximately $15,351,507.60. This represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, December 13th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The shares were sold at an average price of $39.39, for a total value of $590,850.00.
• 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 value of $42,073.50.
• On Friday, December 6th, Amanda Whalen sold 23,950 shares of Klaviyo stock. The stock was sold at an average price of $40.04, for a total value of $958,958.00.
• On Monday, November 18th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The shares were sold at an average price of $34.56, for a total transaction of $518,400.00.

Klaviyo Stock Performance

Shares of KVYO stock traded down $1.71 during mid-day trading on Friday, reaching $39.39. 1,541,088 shares of the company’s stock traded hands, compared to its average volume of 885,298. Klaviyo, Inc. has a 12 month low of $21.26 and a 12 month high of $44.77. The firm has a 50 day moving average price of $39.24 and a two-hundred day moving average price of $33.65. The firm has a market capitalization of $10.62 billion, a PE ratio of -218.82 and a beta of 0.57.

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

Hedge Funds Weigh In On Klaviyo

A number of hedge funds have recently modified their holdings of KVYO. Advisors Asset Management Inc. raised its position 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 valued at $48,000 after purchasing an additional 808 shares during the period. nVerses Capital LLC purchased a new stake in Klaviyo in the 3rd quarter worth $53,000. West Tower Group LLC bought a new stake in Klaviyo during the third quarter valued at about $177,000. Victory Capital Management Inc. purchased a new position in shares of Klaviyo in the third quarter valued at about $208,000. Finally, William Marsh Rice University bought a new position in shares of Klaviyo in the third quarter worth about $245,000. 45.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KVYO has been the topic of a number of recent analyst reports. Stifel Nicolaus assumed coverage on shares of Klaviyo in a report on Tuesday, October 22nd. They set a “buy” rating and a $45.00 price target on the stock. Cantor Fitzgerald lifted their target price on Klaviyo from $33.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Robert W. Baird upped their price target on Klaviyo from $42.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Needham & Company LLC increased their price objective on Klaviyo from $40.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Loop Capital boosted their target price on Klaviyo from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.41.

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.