Insider Selling: Klaviyo, Inc. (NYSE:KVYO) President Sells $156,764.16 in Stock

Klaviyo, Inc. (NYSE:KVYO) President Stephen Eric Rowland sold 4,536 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.56, for a total value of $156,764.16. Following the completion of the sale, the president now owns 186,785 shares in the company, valued at approximately $6,455,289.60. The trade was a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, October 15th, Stephen Eric Rowland sold 18,114 shares of Klaviyo stock. The shares were sold at an average price of $37.19, for a total value of $673,659.66.
• On Monday, September 16th, Stephen Eric Rowland sold 18,114 shares of Klaviyo stock. The shares were sold at an average price of $31.24, for a total value of $565,881.36.

Klaviyo Trading Up 4.7 %

Shares of Klaviyo stock opened at $36.70 on Friday. Klaviyo, Inc. has a twelve month low of $21.26 and a twelve month high of $41.00. The stock has a market cap of $9.89 billion, a price-to-earnings ratio of -203.85 and a beta of 1.13. The company has a fifty day moving average price of $36.15 and a 200 day moving average price of $29.47.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Whale Rock Capital Management LLC boosted its holdings in Klaviyo by 608.9% during the third quarter. Whale Rock Capital Management LLC now owns 3,600,606 shares of the company’s stock worth $127,389,000 after buying an additional 3,092,725 shares in the last quarter. Bank of New York Mellon Corp increased its position in Klaviyo by 677.7% during the second quarter. Bank of New York Mellon Corp now owns 2,762,128 shares of the company’s stock worth $68,749,000 after buying an additional 2,406,973 shares during the last quarter. Clearbridge Investments LLC raised its holdings in Klaviyo by 1.5% during the first quarter. Clearbridge Investments LLC now owns 2,205,684 shares of the company’s stock valued at $56,201,000 after buying an additional 31,587 shares in the last quarter. Glynn Capital Management LLC lifted its holdings in Klaviyo by 19.7% in the 2nd quarter. Glynn Capital Management LLC now owns 1,363,768 shares of the company’s stock worth $33,944,000 after purchasing an additional 224,461 shares during the last quarter. Finally, Claro Advisors LLC lifted its holdings in Klaviyo by 38.7% in the 2nd quarter. Claro Advisors LLC now owns 1,280,035 shares of the company’s stock worth $31,860,000 after purchasing an additional 357,355 shares during the last quarter. 45.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Macquarie restated a “neutral” rating and issued a $36.00 price target on shares of Klaviyo in a research note on Friday, November 8th. Canaccord Genuity Group raised their price target on Klaviyo from $32.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Stifel Nicolaus assumed coverage on Klaviyo in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $45.00 price target on the stock. Robert W. Baird raised their price target on Klaviyo from $42.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Klaviyo in a report on Friday, October 18th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

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.