Klaviyo, Inc. (NYSE:KVYO) CFO Sells $590,850.00 in Stock

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $39.39, for a total transaction of $590,850.00. Following the completion of the sale, the chief financial officer now owns 391,820 shares of the company’s stock, valued at approximately $15,433,789.80. The trade was a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, December 9th, Amanda Whalen sold 1,050 shares of Klaviyo stock. The stock was sold at an average price of $40.07, for a total value of $42,073.50.
• On Friday, December 6th, Amanda Whalen sold 23,950 shares of Klaviyo stock. The shares were sold at an average price of $40.04, for a total value of $958,958.00.
• 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 value 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 value of $353,600.00.

Klaviyo Stock Down 0.5 %

NYSE KVYO traded down $0.18 on Friday, hitting $39.06. The company’s stock had a trading volume of 910,602 shares, compared to its average volume of 1,180,864. The company’s 50-day moving average is $37.34 and its 200 day moving average is $30.94. The firm has a market cap of $10.53 billion, a PE ratio of -221.27 and a beta of 0.97. Klaviyo, Inc. has a 1-year low of $21.26 and a 1-year high of $41.00.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $235.09 million during 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%. Klaviyo’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period in the prior year, the business posted ($1.24) earnings per share. On average, equities analysts expect that Klaviyo, Inc. will post 0.03 EPS for the current year.

Analysts Set New Price Targets

KVYO has been the subject of several analyst reports. KeyCorp boosted their target price on shares of Klaviyo from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday. Macquarie restated a “neutral” rating and set a $36.00 price objective on shares of Klaviyo in a research report on Friday, November 8th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Klaviyo in a report on Friday, October 18th. Robert W. Baird boosted their price target on Klaviyo from $42.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Stifel Nicolaus assumed coverage on Klaviyo in a research report on Tuesday, October 22nd. They set a “buy” rating and a $45.00 price objective for the company. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Klaviyo has a consensus rating of “Moderate Buy” and an average price target of $39.69.

Hedge Funds Weigh In On Klaviyo

A number of hedge funds and other institutional investors have recently made changes to their positions in KVYO. Whale Rock Capital Management LLC increased its position in Klaviyo by 608.9% during the 3rd quarter. Whale Rock Capital Management LLC now owns 3,600,606 shares of the company’s stock valued at $127,389,000 after purchasing an additional 3,092,725 shares during the period. Bank of New York Mellon Corp increased its position in shares of Klaviyo by 677.7% during the second quarter. Bank of New York Mellon Corp now owns 2,762,128 shares of the company’s stock worth $68,749,000 after buying an additional 2,406,973 shares during the period. SpiderRock Advisors LLC raised its stake in Klaviyo by 1,571.7% during the third quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company’s stock worth $17,743,000 after buying an additional 471,500 shares during the last quarter. Mayflower Financial Advisors LLC lifted its holdings in Klaviyo by 181.4% in the third quarter. Mayflower Financial Advisors LLC now owns 684,948 shares of the company’s stock valued at $24,233,000 after buying an additional 441,500 shares during the period. Finally, Millennium Management LLC lifted its holdings in Klaviyo by 53.6% in the second quarter. Millennium Management LLC now owns 1,120,485 shares of the company’s stock valued at $27,889,000 after buying an additional 390,849 shares during the period. 45.43% of the stock is owned by institutional investors and hedge funds.

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.