Klaviyo (NYSE:KVYO) Shares Up 5.5% – Time to Buy?

Klaviyo, Inc. (NYSE:KVYO) shot up 5.5% during trading on Tuesday . The company traded as high as $37.27 and last traded at $37.01. 847,869 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 1,163,172 shares. The stock had previously closed at $35.09.

Wall Street Analyst Weigh In

KVYO has been the subject of a number of research reports. Benchmark lowered their price objective on shares of Klaviyo from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Cantor Fitzgerald increased their price target on shares of Klaviyo from $33.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Klaviyo in a research note on Friday, October 18th. Canaccord Genuity Group raised their price objective on shares of Klaviyo from $32.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Macquarie reiterated a “neutral” rating and set a $36.00 target price on shares of Klaviyo in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Klaviyo Stock Performance

The stock has a market cap of $9.74 billion, a PE ratio of -194.94 and a beta of 1.13. The business has a 50-day moving average of $35.28 and a 200 day moving average of $28.83.

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, topping analysts’ consensus estimates 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 firm had revenue of $235.09 million for the quarter, compared to analyst estimates of $226.33 million. During the same period last year, the company earned ($1.24) EPS. The firm’s quarterly revenue was up 33.7% on a year-over-year basis. Equities analysts expect that Klaviyo, Inc. will post -0.01 EPS for the current fiscal year.

Insider Buying and Selling

In related news, President Stephen Eric Rowland sold 18,114 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $37.19, for a total transaction of $673,659.66. Following the completion of the transaction, the president now owns 192,488 shares in the company, valued at $7,158,628.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, President Stephen Eric Rowland sold 18,114 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $37.19, for a total transaction of $673,659.66. Following the sale, the president now directly owns 192,488 shares of the company’s stock, valued at $7,158,628.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Amanda Whalen sold 10,000 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $29.72, for a total value of $297,200.00. Following the sale, the chief financial officer now directly owns 422,813 shares in the company, valued at $12,566,002.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 659,711 shares of company stock valued at $21,036,946. Corporate insiders own 53.24% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Janus Henderson Group PLC bought a new stake in shares of Klaviyo during the first quarter worth approximately $662,000. Swiss National Bank acquired a new stake in Klaviyo in the first quarter valued at $1,776,000. Lisanti Capital Growth LLC acquired a new stake in Klaviyo in the third quarter valued at $5,513,000. SpiderRock Advisors LLC increased its holdings in Klaviyo by 1,571.7% in the third quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company’s stock valued at $17,743,000 after purchasing an additional 471,500 shares during the period. Finally, Blair William & Co. IL increased its holdings in Klaviyo by 1,234.0% in the first quarter. Blair William & Co. IL now owns 175,531 shares of the company’s stock valued at $4,473,000 after purchasing an additional 162,373 shares during the period. 45.43% of the stock is currently owned by institutional investors.

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.