Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen Sells 15,000 Shares

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $33.54, for a total transaction of $503,100.00. Following the completion of the transaction, the chief financial officer now owns 349,623 shares in the company, valued at approximately $11,726,355.42. This trade represents a 4.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Amanda Whalen also recently made the following trade(s):

• On Monday, February 3rd, Amanda Whalen sold 15,000 shares of Klaviyo stock. The stock was sold at an average price of $45.85, for a total value of $687,750.00.
• On Friday, January 10th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The stock was sold at an average price of $39.18, for a total value of $587,700.00.

Klaviyo Stock Performance

KVYO stock traded down $1.74 on Tuesday, reaching $32.11. The company’s stock had a trading volume of 1,234,326 shares, compared to its average volume of 1,203,355. The business has a fifty day simple moving average of $41.87 and a two-hundred day simple moving average of $38.72. Klaviyo, Inc. has a 12-month low of $21.26 and a 12-month high of $49.55. The firm has a market cap of $8.77 billion, a PE ratio of -178.40 and a beta of 0.86.

Klaviyo (NYSE:KVYO) last announced 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). The business had revenue of $270.16 million during the quarter, compared to analysts’ expectations of $257.24 million. Klaviyo had a positive return on equity of 0.89% and a negative net margin of 4.92%. As a group, research analysts anticipate that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Scotiabank upped their target price on Klaviyo from $35.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 29th. KeyCorp upped 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. Barclays upped their target price on Klaviyo from $47.00 to $51.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Morgan Stanley upped their target price on Klaviyo from $47.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 20th. Finally, Canaccord Genuity Group increased their price objective on Klaviyo from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Klaviyo currently has an average rating of “Moderate Buy” and an average price target of $49.44.

Hedge Funds Weigh In On Klaviyo

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Klaviyo by 9.1% in the fourth quarter. Vanguard Group Inc. now owns 7,721,855 shares of the company’s stock worth $318,449,000 after purchasing an additional 646,628 shares in the last quarter. Whale Rock Capital Management LLC raised its holdings in Klaviyo by 7.4% in the fourth quarter. Whale Rock Capital Management LLC now owns 3,868,451 shares of the company’s stock worth $159,535,000 after purchasing an additional 267,845 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Klaviyo by 5.0% in the fourth quarter. Bank of New York Mellon Corp now owns 2,926,187 shares of the company’s stock worth $120,676,000 after purchasing an additional 140,127 shares in the last quarter. Clearbridge Investments LLC raised its holdings in Klaviyo by 0.9% in the fourth quarter. Clearbridge Investments LLC now owns 2,168,336 shares of the company’s stock worth $89,422,000 after purchasing an additional 19,567 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in Klaviyo by 48.6% in the fourth quarter. Franklin Resources Inc. now owns 1,943,523 shares of the company’s stock worth $80,151,000 after purchasing an additional 635,962 shares in the last quarter. Institutional investors own 45.43% of the company’s stock.

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.