Klaviyo, Inc. (NYSE:KVYO) Insider Sells $1,672,000.00 in Stock

Klaviyo, Inc. (NYSE:KVYO) insider Landon Edmond sold 40,000 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $41.80, for a total value of $1,672,000.00. Following the completion of the transaction, the insider now owns 298,607 shares in the company, valued at $12,481,772.60. The trade was a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Landon Edmond also recently made the following trade(s):

• On Monday, November 18th, Landon Edmond sold 40,000 shares of Klaviyo stock. The shares were sold at an average price of $34.56, for a total value of $1,382,400.00.

Klaviyo Stock Performance

KVYO stock traded down $1.71 during mid-day trading on Friday, hitting $39.39. 1,541,088 shares of the company were exchanged, compared to its average volume of 885,298. The firm has a market cap of $10.62 billion, a P/E ratio of -218.82 and a beta of 0.57. Klaviyo, Inc. has a 1-year low of $21.26 and a 1-year high of $44.77. The firm’s 50 day simple moving average is $39.24 and its 200 day simple moving average is $33.65.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $235.09 million for the quarter, compared to analyst estimates of $226.33 million. Klaviyo had a negative net margin of 5.23% and a positive return on equity of 0.86%. The firm’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period last year, the business posted ($1.24) earnings per share. On average, equities research analysts predict that Klaviyo, Inc. will post 0.03 EPS for the current fiscal year.

Institutional Trading of Klaviyo

A number of institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. raised its position in Klaviyo by 145.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock valued at $48,000 after buying an additional 808 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Klaviyo in the third quarter worth $53,000. West Tower Group LLC acquired a new position in Klaviyo during the third quarter worth $177,000. Victory Capital Management Inc. acquired a new position in Klaviyo during the third quarter worth $208,000. Finally, William Marsh Rice University bought a new position in Klaviyo in the third quarter valued at $245,000. 45.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KVYO has been the topic of a number of research reports. William Blair restated an “outperform” rating on shares of Klaviyo in a research report on Thursday, December 19th. Loop Capital raised their price objective on shares of Klaviyo from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Wells Fargo & Company lifted their target price on shares of Klaviyo from $37.00 to $41.00 and gave the stock an “equal weight” rating in a report on Tuesday. Needham & Company LLC increased their price target on Klaviyo from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Piper Sandler lifted their price objective on Klaviyo from $45.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Klaviyo presently has an average rating of “Moderate Buy” and a consensus price target of $41.41.

Klaviyo Company Profile

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.