Klaviyo (NYSE:KVYO) Trading Up 4.6%

Klaviyo, Inc. (NYSE:KVYOGet Free Report)’s share price traded up 4.6% during trading on Tuesday . The company traded as high as $23.26 and last traded at $23.18. 347,448 shares were traded during mid-day trading, a decline of 71% from the average session volume of 1,190,982 shares. The stock had previously closed at $22.17.

Analyst Upgrades and Downgrades

KVYO has been the topic of a number of research reports. Canaccord Genuity Group dropped their price target on Klaviyo from $37.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. William Blair reiterated an “outperform” rating on shares of Klaviyo in a report on Wednesday, February 28th. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of Klaviyo in a research report on Friday, May 17th. KeyCorp started coverage on shares of Klaviyo in a research report on Thursday, March 21st. They issued a “sector weight” rating on the stock. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $31.00 price objective on shares of Klaviyo in a report on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.75.

Check Out Our Latest Report on Klaviyo

Klaviyo Trading Up 6.2 %

The firm has a fifty day simple moving average of $23.13 and a two-hundred day simple moving average of $25.53.

Klaviyo (NYSE:KVYOGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $210.00 million for the quarter, compared to the consensus estimate of $202.08 million. Klaviyo’s revenue for the quarter was up 34.5% on a year-over-year basis. On average, equities research analysts predict that Klaviyo, Inc. will post -0.11 EPS for the current year.

Insider Activity

In other news, insider Landon Edmond sold 3,545 shares of the company’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $24.15, for a total value of $85,611.75. Following the transaction, the insider now owns 167,127 shares of the company’s stock, valued at $4,036,117.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Jennifer Ceran sold 13,000 shares of Klaviyo stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $24.65, for a total transaction of $320,450.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Landon Edmond sold 3,545 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $24.15, for a total value of $85,611.75. Following the sale, the insider now owns 167,127 shares in the company, valued at approximately $4,036,117.05. The disclosure for this sale can be found here. 53.24% of the stock is owned by company insiders.

Institutional Trading of Klaviyo

Several institutional investors have recently added to or reduced their stakes in the business. Clearbridge Investments LLC increased its holdings in Klaviyo by 1.5% during the 1st quarter. Clearbridge Investments LLC now owns 2,205,684 shares of the company’s stock valued at $56,201,000 after purchasing an additional 31,587 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Klaviyo by 243.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,472,140 shares of the company’s stock valued at $40,896,000 after acquiring an additional 1,042,902 shares in the last quarter. Vanguard Group Inc. purchased a new stake in Klaviyo in the third quarter worth $49,833,000. Franklin Resources Inc. boosted its holdings in Klaviyo by 95.4% in the fourth quarter. Franklin Resources Inc. now owns 1,380,515 shares of the company’s stock valued at $38,351,000 after acquiring an additional 673,929 shares in the last quarter. Finally, Glynn Capital Management LLC increased its position in Klaviyo by 291.3% during the 1st quarter. Glynn Capital Management LLC now owns 1,139,307 shares of the company’s stock valued at $29,030,000 after purchasing an additional 848,152 shares during the period. 45.43% of the stock is currently owned by hedge funds and other institutional investors.

Klaviyo Company Profile

(Get Free Report)

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.

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