Klaviyo, Inc. (NYSE:KVYO) CFO Sells $297,200.00 in Stock

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 10,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $29.72, for a total value of $297,200.00. Following the transaction, the chief financial officer now directly owns 422,813 shares of the company’s stock, valued at $12,566,002.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Friday, August 9th, Amanda Whalen sold 60,000 shares of Klaviyo stock. The stock was sold at an average price of $30.23, for a total value of $1,813,800.00.

Klaviyo Trading Down 2.9 %

KVYO stock opened at $29.62 on Friday. Klaviyo, Inc. has a 52-week low of $21.26 and a 52-week high of $39.47. The business has a 50-day simple moving average of $27.63 and a two-hundred day simple moving average of $25.43.

Klaviyo (NYSE:KVYO) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. The business 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%. The company’s quarterly revenue was up 35.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 EPS. On average, equities research analysts anticipate that Klaviyo, Inc. will post -0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Klaviyo

Hedge funds have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Klaviyo during the 4th quarter valued at about $1,780,000. Janus Henderson Group PLC purchased a new position in shares of Klaviyo in the 1st quarter worth approximately $662,000. Swiss National Bank purchased a new position in shares of Klaviyo in the 1st quarter worth approximately $1,776,000. Jump Financial LLC purchased a new position in shares of Klaviyo in the 4th quarter worth approximately $1,708,000. Finally, Clearbridge Investments LLC boosted its stake in shares of Klaviyo by 16.6% in the 4th quarter. Clearbridge Investments LLC now owns 2,174,097 shares of the company’s stock worth $60,396,000 after buying an additional 309,864 shares during the last quarter. Institutional investors and hedge funds own 45.43% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on KVYO. Piper Sandler raised their target price on Klaviyo from $30.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Cantor Fitzgerald lifted their price objective on Klaviyo from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Klaviyo in a research report on Wednesday. KeyCorp raised Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 price objective for the company in a research report on Thursday, August 8th. Finally, Barclays lifted their price objective on Klaviyo from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.65.

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.