Klaviyo, Inc. (NYSE:KVYO – Get Free Report) 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 – Get Free Report) 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
Check Out Our Latest Stock Analysis on KVYO
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.
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