Klaviyo, Inc. (NYSE:KVYO) President Stephen Eric Rowland Sells 18,114 Shares of Stock

Klaviyo, Inc. (NYSE:KVYO) President Stephen Eric Rowland sold 18,114 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $37.19, for a total value of $673,659.66. Following the completion of the transaction, the president now owns 192,488 shares of the company’s stock, valued at $7,158,628.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Stephen Eric Rowland also recently made the following trade(s):

• On Monday, September 16th, Stephen Eric Rowland sold 18,114 shares of Klaviyo stock. The stock was sold at an average price of $31.24, for a total value of $565,881.36.
• On Friday, August 16th, Stephen Eric Rowland sold 18,114 shares of Klaviyo stock. The stock was sold at an average price of $31.67, for a total transaction of $573,670.38.

Klaviyo Trading Up 0.6 %

KVYO stock opened at $37.36 on Friday. The firm has a market cap of $9.88 billion and a PE ratio of -26.50. Klaviyo, Inc. has a 1 year low of $21.26 and a 1 year high of $38.10. The company has a fifty day simple moving average of $33.14 and a 200 day simple moving average of $27.08.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. The company had revenue of $222.21 million during 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%. The business’s quarterly revenue was up 35.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 earnings per share. As a group, analysts forecast that Klaviyo, Inc. will post -0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Klaviyo

A number of large investors have recently added to or reduced their stakes in KVYO. nVerses Capital LLC acquired a new position in Klaviyo in the 3rd quarter valued at $53,000. Salem Investment Counselors Inc. boosted its holdings in 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 acquiring an additional 1,450 shares during the period. EntryPoint Capital LLC bought a new stake in Klaviyo during the first quarter valued at about $71,000. SG Americas Securities LLC acquired a new stake in shares of Klaviyo in the second quarter valued at about $236,000. Finally, William Marsh Rice University bought a new position in shares of Klaviyo in the third quarter worth about $245,000. Institutional investors own 45.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wells Fargo & Company started coverage on shares of Klaviyo in a research note on Wednesday. They issued an “equal weight” rating and a $37.00 price objective for the company. Benchmark began coverage on Klaviyo in a research report on Monday, September 30th. They issued a “buy” rating and a $42.00 target price for the company. Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of Klaviyo in a research report on Wednesday, September 4th. Piper Sandler increased their price objective on Klaviyo from $30.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Finally, KeyCorp raised Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 target price on the stock in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $36.13.

Klaviyo Company Profile

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.