Miramar Capital LLC Takes 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 13F filing with the SEC. The firm bought 28,572 shares of the company’s stock, valued at approximately $1,178,000.

Several other large investors also recently made changes to their positions in KVYO. Bank Julius Baer & Co. Ltd Zurich boosted its stake in Klaviyo by 8.0% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,836 shares of the company’s stock valued at $220,000 after purchasing an additional 359 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Klaviyo during the 4th quarter valued at about $12,127,000. Arizona State Retirement System boosted its stake in Klaviyo by 4.0% during the 4th quarter. Arizona State Retirement System now owns 16,854 shares of the company’s stock valued at $695,000 after purchasing an additional 648 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Klaviyo by 10.3% during the 4th quarter. Victory Capital Management Inc. now owns 6,469 shares of the company’s stock valued at $267,000 after purchasing an additional 604 shares during the last quarter. Finally, Keybank National Association OH acquired a new position in Klaviyo during the 4th quarter valued at about $203,000. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Benchmark lifted their price target on Klaviyo from $40.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. KeyCorp boosted their target price on Klaviyo from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Citigroup boosted their target price on Klaviyo from $39.00 to $48.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Mizuho boosted their target price on Klaviyo from $42.00 to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Finally, Canaccord Genuity Group boosted their target price on Klaviyo from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Klaviyo presently has an average rating of “Moderate Buy” and an average target price of $49.44.

Klaviyo Trading Down 9.6 %

NYSE:KVYO opened at $34.04 on Friday. The stock has a market capitalization of $9.30 billion, a PE ratio of -189.08 and a beta of 0.86. The firm’s 50 day moving average is $42.92 and its 200 day moving average is $38.62. Klaviyo, Inc. has a 12 month low of $21.26 and a 12 month high of $49.55.

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

Insider Buying and Selling at Klaviyo

In other Klaviyo news, CFO Amanda Whalen sold 1,050 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $40.07, for a total transaction of $42,073.50. Following the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Stephen Eric Rowland sold 36,710 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $35.08, for a total transaction of $1,287,786.80. Following the sale, the president now directly owns 246,254 shares in the company, valued at $8,638,590.32. The trade was a 12.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 127,296 shares of company stock valued at $5,049,782 in the last 90 days. 53.24% of the stock is currently owned by company insiders.

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.