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

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

Klaviyo Stock Up 1.3 %

KVYO stock traded up $0.61 during midday trading on Monday, hitting $46.62. 1,360,992 shares of the company traded hands, compared to its average volume of 1,059,747. The business has a 50 day simple moving average of $41.11 and a 200-day simple moving average of $35.82. The stock has a market capitalization of $12.57 billion, a price-to-earnings 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.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $235.09 million for the quarter, compared to the consensus estimate of $226.33 million. During the same period last year, the business posted ($1.24) earnings per share. The firm’s revenue was up 33.7% compared to the same quarter last year. Equities research analysts forecast that Klaviyo will post 0.03 EPS for the current year.

Insiders Place Their Bets

In other Klaviyo news, President Stephen Eric Rowland sold 4,536 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.56, for a total transaction of $156,764.16. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Amanda Whalen sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $34.56, for a total transaction of $518,400.00. Following the completion of the sale, the chief financial officer now directly owns 395,616 shares of the company’s stock, valued at approximately $13,672,488.96. This represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 159,072 shares of company stock valued at $6,090,767 over the last three months. Company insiders own 53.24% of the company’s stock.

Hedge Funds Weigh In On Klaviyo

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Handelsbanken Fonder AB bought a new position in shares of Klaviyo during the 4th quarter worth about $689,000. Ieq Capital LLC boosted its holdings in Klaviyo by 370.1% during the fourth quarter. Ieq Capital LLC now owns 51,024 shares of the company’s stock valued at $2,104,000 after purchasing an additional 40,171 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Klaviyo by 41.0% in the 4th quarter. New York State Common Retirement Fund now owns 22,297 shares of the company’s stock valued at $920,000 after purchasing an additional 6,488 shares during the period. Legato Capital Management LLC raised its holdings in shares of Klaviyo by 21.7% in the 4th quarter. Legato Capital Management LLC now owns 40,032 shares of the company’s stock worth $1,651,000 after buying an additional 7,142 shares in the last quarter. Finally, WCM Investment Management LLC bought a new position in shares of Klaviyo during the 4th quarter worth approximately $12,781,000. Institutional investors own 45.43% of the company’s stock.

Analysts Set New Price Targets

KVYO has been the subject of a number of research reports. Loop Capital raised their target price on shares of Klaviyo from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. William Blair restated an “outperform” rating on shares of Klaviyo in a report on Thursday, December 19th. Morgan Stanley upped their target price on Klaviyo from $38.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Stifel Nicolaus began 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. Finally, Needham & Company LLC upped their price objective on shares of Klaviyo from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Klaviyo currently has an average rating of “Moderate Buy” and a consensus target price of $43.18.

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.