Klaviyo, Inc. (NYSE:KVYO) Short Interest Update

Klaviyo, Inc. (NYSE:KVYO) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 6,630,000 shares, an increase of 9.4% from the December 31st total of 6,060,000 shares. Approximately 12.7% of the company’s shares are sold short. Based on an average trading volume of 1,270,000 shares, the days-to-cover ratio is currently 5.2 days.

Klaviyo Stock Up 1.3 %

Shares of KVYO traded up $0.61 on Monday, reaching $46.62. The stock had a trading volume of 1,360,992 shares, compared to its average volume of 1,059,747. The firm has a market capitalization of $12.57 billion, a PE ratio of -258.99 and a beta of 0.60. Klaviyo has a twelve month low of $21.26 and a twelve month high of $47.96. The firm has a 50-day moving average of $41.11 and a 200 day moving average of $35.82.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, beating 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 business had revenue of $235.09 million for the quarter, compared to analyst estimates of $226.33 million. During the same quarter last year, the company earned ($1.24) earnings per share. The business’s revenue for the quarter was up 33.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Klaviyo will post 0.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on KVYO shares. Morgan Stanley boosted their price target on Klaviyo from $38.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Scotiabank increased their price objective on shares of Klaviyo from $35.00 to $45.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 29th. Barclays boosted their price target on Klaviyo from $32.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Piper Sandler boosted their target price on shares of Klaviyo from $45.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Finally, KeyCorp raised their price objective on shares of Klaviyo from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.18.

Insider Buying and Selling

In related news, President Stephen Eric Rowland sold 4,536 shares of Klaviyo stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $39.18, for a total transaction of $587,700.00. Following the transaction, the chief financial officer now directly owns 391,820 shares in the company, valued at $15,351,507.60. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 159,072 shares of company stock valued at $6,090,767 over the last ninety days. 53.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its stake in shares of Klaviyo by 145.6% in the third 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 shares of Klaviyo during the third quarter worth about $53,000. SG Americas Securities LLC lifted its stake in shares of 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 acquiring an additional 1,923 shares in the last quarter. West Tower Group LLC purchased a new position in Klaviyo in the third quarter valued at about $177,000. Finally, Victory Capital Management Inc. acquired a new stake in Klaviyo during the 3rd quarter valued at approximately $208,000. 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.