Insider Selling: Klaviyo (NYSE:KVYO) Director Sells 1,300 Shares of Stock

by · The Markets Daily

Klaviyo, Inc. (NYSE:KVYO – Get Free Report) Director Ed Hallen sold 1,300 shares of the firm’s stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $17.02, for a total transaction of $22,126.00. Following the transaction, the director directly owned 93,957 shares of the company’s stock, valued at approximately $1,599,148.14. This trade represents a 1.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ed Hallen also recently made the following trade(s):

  • On Monday, August 31st, Ed Hallen sold 98,782 shares of Klaviyo stock. The shares were sold at an average price of $20.48, for a total transaction of $2,023,055.36.

Klaviyo Trading Down 2.0%

Shares of NYSE KVYO traded down $0.32 during trading on Friday, reaching $15.79. 3,778,525 shares of the company traded hands, compared to its average volume of 5,650,102. The stock has a market cap of $4.50 billion, a P/E ratio of 790.10 and a beta of 0.57. The firm’s fifty day simple moving average is $17.78 and its 200 day simple moving average is $17.25. Klaviyo, Inc. has a 12-month low of $12.53 and a 12-month high of $33.35.

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on KVYO shares. Stephens raised their target price on Klaviyo from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Canaccord Genuity Group dropped their price target on shares of Klaviyo from $32.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Barclays cut their price target on shares of Klaviyo from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Stifel Nicolaus set a $22.00 target price on shares of Klaviyo in a research report on Thursday, September 10th. Finally, The Goldman Sachs Group set a $26.00 price target on shares of Klaviyo and gave the stock a “buy” rating in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Klaviyo presently has an average rating of “Moderate Buy” and a consensus target price of $27.14.

Get Our Latest Stock Analysis on Klaviyo

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KVYO. Whetstone Capital Advisors LLC acquired a new stake in shares of Klaviyo in the second quarter valued at about $1,343,000. Engineers Gate Manager LP boosted its position in Klaviyo by 559.9% during the second quarter. Engineers Gate Manager LP now owns 131,709 shares of the company’s stock worth $1,989,000 after acquiring an additional 111,749 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in Klaviyo by 1.3% during the second quarter. Integrated Wealth Concepts LLC now owns 435,481 shares of the company’s stock worth $6,576,000 after acquiring an additional 5,661 shares during the last quarter. Squarepoint Ops LLC grew its stake in Klaviyo by 1,343.5% during the 2nd quarter. Squarepoint Ops LLC now owns 962,136 shares of the company’s stock valued at $14,528,000 after acquiring an additional 895,485 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in Klaviyo by 7.1% during the 2nd quarter. Arizona State Retirement System now owns 38,579 shares of the company’s stock valued at $583,000 after acquiring an additional 2,568 shares in the last quarter. Hedge funds and other institutional investors own 45.43% of the company’s stock.

About Klaviyo

(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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