Amanda Whalen Sells 60,000 Shares of Klaviyo, Inc. (NYSE:KVYO) Stock

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $30.23, for a total value of $1,813,800.00. Following the completion of the sale, the chief financial officer now directly owns 435,993 shares of the company’s stock, valued at approximately $13,180,068.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Klaviyo Price Performance

KVYO opened at $31.09 on Monday. The stock’s 50 day moving average price is $24.23 and its 200-day moving average price is $24.95. Klaviyo, Inc. has a 52-week low of $21.26 and a 52-week high of $39.47.

Klaviyo (NYSE:KVYO) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.05. The company had revenue of $222.21 million during the quarter, compared to the consensus estimate of $212.34 million. During the same quarter last year, the firm earned $0.09 EPS. The business’s revenue was up 35.0% on a year-over-year basis. As a group, sell-side analysts predict that Klaviyo, Inc. will post -0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KVYO has been the subject of a number of recent research reports. KeyCorp upgraded shares of Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 price objective for the company in a report on Thursday. Piper Sandler boosted their price target on shares of Klaviyo from $30.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday. Canaccord Genuity Group reduced their price objective on Klaviyo from $37.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Cantor Fitzgerald boosted their target price on Klaviyo from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Mizuho dropped their target price on Klaviyo from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Klaviyo currently has an average rating of “Moderate Buy” and an average price target of $35.65.

Hedge Funds Weigh In On Klaviyo

Hedge funds and other institutional investors have recently modified their holdings of the stock. Salem Investment Counselors Inc. lifted its holdings in Klaviyo by 161.1% in the first quarter. Salem Investment Counselors Inc. now owns 2,350 shares of the company’s stock worth $60,000 after buying an additional 1,450 shares during the period. EntryPoint Capital LLC purchased a new position in shares of Klaviyo in the 1st quarter valued at approximately $71,000. New York State Common Retirement Fund lifted its stake in shares of Klaviyo by 191.0% in the 4th quarter. New York State Common Retirement Fund now owns 5,485 shares of the company’s stock valued at $152,000 after purchasing an additional 3,600 shares during the period. SG Americas Securities LLC bought a new stake in shares of Klaviyo during the second quarter valued at approximately $236,000. Finally, SVB Wealth LLC purchased a new stake in Klaviyo in the first quarter worth $299,000. Hedge funds and other institutional investors own 45.43% of the company’s stock.

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.