Klaviyo, Inc. (NYSE:KVYO) President Sells $565,881.36 in Stock

Klaviyo, Inc. (NYSE:KVYO) President Stephen Eric Rowland sold 18,114 shares of Klaviyo stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $31.24, for a total transaction of $565,881.36. Following the completion of the sale, the president now owns 192,488 shares in the company, valued at approximately $6,013,325.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Stephen Eric Rowland also recently made the following trade(s):

• On Friday, August 16th, Stephen Eric Rowland sold 18,114 shares of Klaviyo stock. The shares were sold at an average price of $31.67, for a total transaction of $573,670.38.

Klaviyo Stock Performance

NYSE:KVYO opened at $33.65 on Thursday. Klaviyo, Inc. has a 52 week low of $21.26 and a 52 week high of $39.47. The stock’s fifty day moving average is $28.81 and its two-hundred day moving average is $25.62.

Klaviyo (NYSE:KVYO) last released its earnings results on Wednesday, August 7th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.05. The company had revenue of $222.21 million during the quarter, compared to the consensus estimate of $212.34 million. Klaviyo had a negative return on equity of 32.19% and a negative net margin of 42.15%. Klaviyo’s revenue was up 35.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 EPS. Equities research analysts predict that Klaviyo, Inc. will post -0.01 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on KVYO shares. KeyCorp raised Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 target price for the company in a report on Thursday, August 8th. Piper Sandler boosted their target price on Klaviyo from $30.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Barclays increased their price target on Klaviyo from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Cantor Fitzgerald boosted their price objective on Klaviyo from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Klaviyo in a research note on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.65.

Institutional Investors Weigh In On Klaviyo

Several large investors have recently added to or reduced their stakes in the business. Salem Investment Counselors Inc. boosted its position in Klaviyo by 161.1% in the 1st quarter. Salem Investment Counselors Inc. now owns 2,350 shares of the company’s stock valued at $60,000 after buying an additional 1,450 shares during the period. EntryPoint Capital LLC purchased a new position in Klaviyo in the first quarter valued at $71,000. SG Americas Securities LLC acquired a new position in Klaviyo during the 2nd quarter worth $236,000. SVB Wealth LLC purchased a new stake in Klaviyo during the 1st quarter worth about $299,000. Finally, Versor Investments LP acquired a new stake in Klaviyo in the 2nd quarter valued at about $309,000. 45.43% of the stock is owned by hedge funds and other institutional investors.

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.