Amanda Whalen Sells 23,950 Shares of Klaviyo, Inc. (NYSE:KVYO) Stock

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 23,950 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $40.04, for a total value of $958,958.00. Following the transaction, the chief financial officer now owns 395,616 shares of the company’s stock, valued at approximately $15,840,464.64. This represents a 5.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, December 9th, Amanda Whalen sold 1,050 shares of Klaviyo stock. The shares were sold at an average price of $40.07, for a total value of $42,073.50.
• On Monday, November 18th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The stock was sold at an average price of $34.56, for a total transaction of $518,400.00.
• 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 transaction of $353,600.00.

Klaviyo Price Performance

NYSE KVYO traded up $0.65 on Monday, hitting $40.39. 1,250,840 shares of the stock were exchanged, compared to its average volume of 1,183,789. The company’s 50-day moving average price is $37.00 and its two-hundred day moving average price is $30.60. The company has a market capitalization of $10.89 billion, a price-to-earnings ratio of -224.49 and a beta of 0.98. Klaviyo, Inc. has a 52-week low of $21.26 and a 52-week high of $41.00.

Klaviyo (NYSE:KVYO) last posted its quarterly 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. 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 in the previous year, the firm earned ($1.24) earnings per share. Klaviyo’s quarterly revenue was up 33.7% on a year-over-year basis. Equities analysts predict that Klaviyo, Inc. will post 0.03 EPS for the current fiscal year.

Institutional Trading of Klaviyo

Institutional investors have recently made changes to their positions in the stock. Lisanti Capital Growth LLC acquired a new position in Klaviyo in the 3rd quarter valued at approximately $5,513,000. Pier 88 Investment Partners LLC purchased a new position in shares of Klaviyo during the 3rd quarter valued at $966,000. SpiderRock Advisors LLC increased its stake in shares of Klaviyo by 1,571.7% in the third quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company’s stock worth $17,743,000 after acquiring an additional 471,500 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Klaviyo during the second quarter worth $747,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Klaviyo during the third quarter valued at $5,113,000. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KVYO. Benchmark cut their target price on Klaviyo from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Canaccord Genuity Group upped their price objective on Klaviyo from $32.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Macquarie reaffirmed a “neutral” rating and set a $36.00 target price on shares of Klaviyo in a report on Friday, November 8th. Robert W. Baird boosted their price target on shares of Klaviyo from $42.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Cantor Fitzgerald raised their price objective on shares of Klaviyo from $33.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.94.

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.