Miramar Capital LLC Takes $1.18 Million Position in Klaviyo, Inc. (NYSE:KVYO)

Miramar Capital LLC bought a new stake in Klaviyo, Inc. (NYSE:KVYO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 28,572 shares of the company’s stock, valued at approximately $1,178,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in KVYO. Advisors Asset Management Inc. boosted its position in shares of Klaviyo by 145.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after purchasing an additional 808 shares during the last quarter. West Tower Group LLC bought a new position in shares of Klaviyo in the 3rd quarter worth $177,000. SBI Securities Co. Ltd. bought a new position in shares of Klaviyo in the 4th quarter worth $196,000. US Bancorp DE bought a new position in shares of Klaviyo in the 4th quarter worth $199,000. Finally, Keybank National Association OH bought a new position in shares of Klaviyo in the 4th quarter worth $203,000. 45.43% of the stock is owned by institutional investors and hedge funds.

Klaviyo Stock Performance

NYSE:KVYO opened at $34.04 on Friday. The stock’s 50-day simple moving average is $42.92 and its 200 day simple moving average is $38.62. The company has a market cap of $9.30 billion, a P/E ratio of -189.08 and a beta of 0.86. Klaviyo, Inc. has a 52-week low of $21.26 and a 52-week high of $49.55.

Klaviyo (NYSE:KVYO) last released its earnings results on Wednesday, February 19th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.12). The company had revenue of $270.16 million during the quarter, compared to analyst estimates of $257.24 million. Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. As a group, equities analysts predict that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on KVYO shares. Barclays lifted their target price on Klaviyo from $47.00 to $51.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Mizuho lifted their target price on Klaviyo from $42.00 to $52.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Canaccord Genuity Group lifted their target price on Klaviyo from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Loop Capital lifted their target price on Klaviyo from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, William Blair reiterated an “outperform” rating on shares of Klaviyo in a report on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $49.44.

Insider Transactions at Klaviyo

In other Klaviyo news, President Stephen Eric Rowland sold 4,536 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $40.04, for a total value of $181,621.44. Following the sale, the president now owns 260,403 shares of the company’s stock, valued at approximately $10,426,536.12. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Amanda Whalen sold 1,050 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $40.07, for a total value of $42,073.50. Following the completion of the transaction, the chief financial officer now owns 395,616 shares of the company’s stock, valued at $15,852,333.12. The trade was a 0.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 127,296 shares of company stock worth $5,049,782 over the last quarter. Company insiders own 53.24% of the company’s stock.

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.