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

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 15,000 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $34.56, for a total value of $518,400.00. Following the sale, the chief financial officer now owns 395,616 shares of the company’s stock, valued at $13,672,488.96. This trade represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, October 4th, Amanda Whalen sold 10,000 shares of Klaviyo stock. The shares were sold at an average price of $35.36, for a total value of $353,600.00.
• On Friday, September 6th, Amanda Whalen sold 10,000 shares of Klaviyo stock. The shares were sold at an average price of $29.72, for a total value of $297,200.00.

Klaviyo Price Performance

NYSE KVYO opened at $34.47 on Wednesday. The company has a market cap of $9.29 billion, a PE ratio of -191.50 and a beta of 1.13. The stock’s 50 day simple moving average is $35.96 and its 200-day simple moving average is $29.38. Klaviyo, Inc. has a 1-year low of $21.26 and a 1-year high of $41.00.

Klaviyo (NYSE:KVYO) last released its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.04. The business had revenue of $235.09 million for the quarter, compared to the consensus estimate of $226.33 million. Klaviyo had a positive return on equity of 0.86% and a negative net margin of 5.23%. The business’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter last year, the business posted ($1.24) earnings per share. On average, equities research analysts anticipate that Klaviyo, Inc. will post 0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Klaviyo

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. increased its holdings in shares of Klaviyo by 145.6% in the third quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock valued at $48,000 after purchasing an additional 808 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Klaviyo in the third quarter valued at approximately $53,000. EntryPoint Capital LLC acquired a new stake in shares of Klaviyo in the first quarter valued at approximately $71,000. Dark Forest Capital Management LP increased its holdings in shares of Klaviyo by 13.7% in the second quarter. Dark Forest Capital Management LP now owns 23,689 shares of the company’s stock valued at $590,000 after purchasing an additional 2,851 shares during the last quarter. Finally, West Tower Group LLC acquired a new stake in shares of Klaviyo in the third quarter valued at approximately $177,000. Institutional investors and hedge funds own 45.43% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on KVYO shares. Barclays increased their price objective on Klaviyo from $32.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Robert W. Baird upped their target price on Klaviyo from $42.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Cantor Fitzgerald upped their target price on Klaviyo from $33.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Benchmark lowered their target price on Klaviyo from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, Canaccord Genuity Group upped their target price on Klaviyo from $32.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Klaviyo has an average rating of “Moderate Buy” and a consensus target price of $39.00.

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.