Insider Selling: Klaviyo (NYSE:KVYO) Director Sells $37,085.04 in Stock

by · The Markets Daily

Klaviyo, Inc. (NYSE:KVYO – Get Free Report) Director Susan St. Ledger sold 2,328 shares of the business’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $15.93, for a total transaction of $37,085.04. Following the transaction, the director owned 23,433 shares of the company’s stock, valued at approximately $373,287.69. The trade was a 9.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Klaviyo Price Performance

Klaviyo stock opened at $16.25 on Thursday. Klaviyo, Inc. has a 1-year low of $12.53 and a 1-year high of $36.22. The stock has a market cap of $4.63 billion, a PE ratio of 812.96 and a beta of 0.57. The stock’s fifty day moving average is $17.96 and its two-hundred day moving average is $17.39.

Klaviyo (NYSE:KVYO – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $370.58 million during the quarter, compared to analysts’ expectations of $362.08 million. Klaviyo had a return on equity of 5.67% and a net margin of 0.49%.The business’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 EPS. On average, research analysts expect that Klaviyo, Inc. will post 0.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on KVYO shares. Robert W. Baird set a $25.00 target price on Klaviyo in a research report on Thursday, August 6th. Wells Fargo & Company set a $29.00 price objective on shares of Klaviyo in a research report on Thursday, August 6th. Piper Sandler dropped their price objective on shares of Klaviyo from $26.00 to $23.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Stephens upped their price objective on shares of Klaviyo from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Finally, Citigroup restated a “buy” rating on shares of Klaviyo in a research report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Klaviyo presently has an average rating of “Moderate Buy” and a consensus target price of $27.14.

Check Out Our Latest Analysis on KVYO

Hedge Funds Weigh In On Klaviyo

A number of large investors have recently modified their holdings of the business. Optiver Holding B.V. acquired a new position in shares of Klaviyo in the first quarter valued at approximately $39,000. Arizona State Retirement System boosted its position in Klaviyo by 7.1% during the second quarter. Arizona State Retirement System now owns 38,579 shares of the company’s stock worth $583,000 after acquiring an additional 2,568 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in Klaviyo by 2,641.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,207 shares of the company’s stock worth $104,000 after acquiring an additional 3,090 shares during the period. EverSource Wealth Advisors LLC grew its stake in Klaviyo by 2,085.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,802 shares of the company’s stock worth $74,000 after acquiring an additional 3,628 shares during the period. Finally, Integrated Wealth Concepts LLC raised its holdings in Klaviyo by 1.3% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 435,481 shares of the company’s stock valued at $6,576,000 after acquiring an additional 5,661 shares during the last quarter. 45.43% of the stock is owned by hedge funds and other institutional investors.

Klaviyo Company Profile

(Get Free Report)

Klaviyo, Inc is a technology company that provides a customer data and marketing automation platform for businesses. Its software helps brands collect, organize and analyze customer information, then use those insights to create targeted communications and personalized marketing campaigns.

The company’s platform supports marketing channels including email, SMS messaging, mobile push notifications and on-site experiences. Klaviyo also provides tools for customer segmentation, campaign automation, analytics and reporting, and integrates with e-commerce, payment and other business applications.

Klaviyo primarily serves consumer-focused businesses, including e-commerce brands, retailers and other companies seeking to build direct relationships with customers.

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