Klaviyo, Inc. (NYSE:KVYO – Get Free Report) major shareholder Summit Partners L. P sold 1,300 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $31.64, for a total transaction of $41,132.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Klaviyo Trading Down 2.9 %
KVYO stock opened at $29.62 on Friday. The business has a 50-day simple moving average of $27.63 and a two-hundred day simple moving average of $25.46. Klaviyo, Inc. has a 52-week low of $21.26 and a 52-week high of $39.47.
Klaviyo (NYSE:KVYO – Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.05. The company had revenue of $222.21 million for the quarter, compared to analysts’ expectations of $212.34 million. Klaviyo had a negative return on equity of 32.19% and a negative net margin of 42.15%. Klaviyo’s quarterly revenue was up 35.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 earnings per share. On average, equities research analysts anticipate that Klaviyo, Inc. will post -0.01 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on Klaviyo
Institutional Trading of Klaviyo
Several institutional investors have recently made changes to their positions in KVYO. Salem Investment Counselors Inc. lifted its position in shares of Klaviyo by 161.1% during the first quarter. Salem Investment Counselors Inc. now owns 2,350 shares of the company’s stock valued at $60,000 after purchasing an additional 1,450 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in Klaviyo in the 1st quarter valued at about $71,000. New York State Common Retirement Fund lifted its position in shares of Klaviyo by 191.0% during the 4th quarter. New York State Common Retirement Fund now owns 5,485 shares of the company’s stock worth $152,000 after buying an additional 3,600 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Klaviyo in the 2nd quarter worth approximately $236,000. Finally, SVB Wealth LLC bought a new position in shares of Klaviyo in the first quarter valued at approximately $299,000. 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.
Featured Articles
- Five stocks we like better than Klaviyo
- Stock Market Sectors: What Are They and How Many Are There?
- MarketBeat Week in Review – 9/2 – 9/6
- Energy and Oil Stocks Explained
- Does GTA VI Make Take-Two Interactive Stock an Irresistible Buy?
- What is the Dow Jones Industrial Average (DJIA)?
- Why HPE’s Dip Is a Prime Opportunity for Blue-Chip AI Investors
Receive News & Ratings for Klaviyo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Klaviyo and related companies with MarketBeat.com's FREE daily email newsletter.