Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen Sells 15,000 Shares of Stock

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 15,000 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $39.18, for a total transaction of $587,700.00. Following the completion of the sale, the chief financial officer now directly owns 391,820 shares in the company, valued at $15,351,507.60. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, December 13th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The shares were sold at an average price of $39.39, for a total transaction of $590,850.00.
• On Monday, December 9th, Amanda Whalen sold 1,050 shares of Klaviyo stock. The stock was sold at an average price of $40.07, for a total transaction of $42,073.50.
• On Friday, December 6th, Amanda Whalen sold 23,950 shares of Klaviyo stock. The shares were sold at an average price of $40.04, for a total value of $958,958.00.
• On Monday, November 18th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The stock was sold at an average price of $34.56, for a total value of $518,400.00.

Klaviyo Stock Down 4.2 %

Shares of KVYO stock opened at $39.39 on Friday. Klaviyo, Inc. has a 12 month low of $21.26 and a 12 month high of $44.77. The firm has a market cap of $10.62 billion, a price-to-earnings ratio of -218.82 and a beta of 0.57. The stock has a 50-day moving average price of $39.24 and a 200 day moving average price of $33.77.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. Klaviyo had a negative net margin of 5.23% and a positive return on equity of 0.86%. The company had revenue of $235.09 million during the quarter, compared to analysts’ expectations of $226.33 million. During the same quarter in the previous year, the company earned ($1.24) EPS. Klaviyo’s revenue was up 33.7% on a year-over-year basis. Sell-side analysts predict that Klaviyo, Inc. will post 0.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Needham & Company LLC increased their price objective on Klaviyo from $40.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Benchmark dropped their target price on shares of Klaviyo from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Barclays boosted their price target on shares of Klaviyo from $32.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Robert W. Baird raised their price objective on shares of Klaviyo from $42.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company boosted their target price on Klaviyo from $37.00 to $41.00 and gave the stock an “equal weight” rating in a report on Tuesday. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $41.41.

Institutional Trading of Klaviyo

Institutional investors and hedge funds have recently made changes to their positions in the business. Whale Rock Capital Management LLC boosted its position in shares of Klaviyo by 608.9% in the 3rd quarter. Whale Rock Capital Management LLC now owns 3,600,606 shares of the company’s stock worth $127,389,000 after purchasing an additional 3,092,725 shares during the last quarter. Millennium Management LLC lifted its stake in Klaviyo by 53.6% in the second quarter. Millennium Management LLC now owns 1,120,485 shares of the company’s stock valued at $27,889,000 after buying an additional 390,849 shares during the period. Geode Capital Management LLC boosted its holdings in Klaviyo by 45.1% during the third quarter. Geode Capital Management LLC now owns 786,186 shares of the company’s stock worth $27,827,000 after buying an additional 244,447 shares during the last quarter. Mayflower Financial Advisors LLC grew its position in shares of Klaviyo by 181.4% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 684,948 shares of the company’s stock worth $24,233,000 after buying an additional 441,500 shares during the period. Finally, Two Sigma Advisers LP increased its stake in shares of Klaviyo by 121.5% in the 3rd quarter. Two Sigma Advisers LP now owns 673,500 shares of the company’s stock valued at $23,828,000 after acquiring an additional 369,400 shares during the last quarter. Institutional investors own 45.43% of the company’s stock.

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.