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

by · The Cerbat Gem

Klaviyo, Inc. (NYSE:KVYO – Get Free Report) CFO Amanda Whalen sold 15,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $39.18, for a total value of $587,700.00. Following the transaction, the chief financial officer now owns 391,820 shares of the company’s stock, valued at approximately $15,351,507.60. The trade was a 3.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Friday, December 13th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The shares were sold at an average price of $39.39, for a total value of $590,850.00.
  • 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 transaction of $958,958.00.
  • On Monday, November 18th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The shares were sold at an average price of $34.56, for a total transaction of $518,400.00.

Klaviyo Trading Down 4.2 %

Shares of Klaviyo stock traded down $1.71 on Friday, hitting $39.39. 1,541,088 shares of the company traded hands, compared to its average volume of 885,298. Klaviyo, Inc. has a 52 week low of $21.26 and a 52 week high of $44.77. The company has a market cap of $10.62 billion, a PE ratio of -218.82 and a beta of 0.57. The stock’s 50 day moving average price is $39.24 and its 200-day moving average price is $33.65.

Klaviyo (NYSE:KVYO – Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.04. The business had revenue of $235.09 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.24) EPS. As a group, research analysts anticipate that Klaviyo, Inc. will post 0.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Klaviyo

Several institutional investors and hedge funds have recently added to or reduced their stakes in KVYO. Advisors Asset Management Inc. lifted its holdings in shares of Klaviyo by 145.6% during the 3rd 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 position in Klaviyo during the 3rd quarter valued at about $53,000. West Tower Group LLC purchased a new stake in Klaviyo in the third quarter valued at about $177,000. Victory Capital Management Inc. acquired a new stake in Klaviyo in the third quarter worth about $208,000. Finally, William Marsh Rice University purchased a new stake in shares of Klaviyo during the third quarter worth about $245,000. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on KVYO shares. Piper Sandler boosted their target price on shares of Klaviyo from $45.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday. KeyCorp boosted their price objective on Klaviyo from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Barclays raised their price objective on Klaviyo from $32.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Wells Fargo & Company boosted their target price on Klaviyo from $37.00 to $41.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Loop Capital raised their price target on Klaviyo from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.41.

Read Our Latest Report on KVYO

Klaviyo Company Profile

(Get Free Report)

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.

Read More