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

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $39.39, for a total value of $590,850.00. Following the completion of the transaction, the chief financial officer now owns 391,820 shares of the company’s stock, valued at $15,433,789.80. The trade was a 3.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, December 9th, Amanda Whalen sold 1,050 shares of Klaviyo stock. The shares were 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 stock was sold at an average price of $40.04, for a total transaction of $958,958.00.
• On Monday, November 18th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The shares were sold at an average price of $34.56, for a total transaction of $518,400.00.
• On Friday, October 4th, Amanda Whalen sold 10,000 shares of Klaviyo stock. The stock was sold at an average price of $35.36, for a total transaction of $353,600.00.

Klaviyo Price Performance

Shares of NYSE:KVYO opened at $39.06 on Friday. Klaviyo, Inc. has a 1-year low of $21.26 and a 1-year high of $41.00. The stock has a market cap of $10.53 billion, a P/E ratio of -217.00 and a beta of 0.97. The firm has a fifty day moving average price of $37.41 and a 200 day moving average price of $31.10.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. raised its stake in shares of Klaviyo by 145.6% during the third quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after purchasing an additional 808 shares during the last quarter. nVerses Capital LLC acquired a new position in Klaviyo in the 3rd quarter valued at $53,000. Dark Forest Capital Management LP raised its position in Klaviyo by 13.7% during the 2nd quarter. Dark Forest Capital Management LP now owns 23,689 shares of the company’s stock worth $590,000 after buying an additional 2,851 shares during the last quarter. West Tower Group LLC acquired a new stake in shares of Klaviyo in the 3rd quarter worth $177,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Klaviyo in the third quarter valued at about $208,000. 45.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on KVYO shares. Piper Sandler increased their target price on Klaviyo from $34.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Stifel Nicolaus assumed coverage on Klaviyo in a report on Tuesday, October 22nd. They issued a “buy” rating and a $45.00 price objective on the stock. Cantor Fitzgerald boosted their target price on Klaviyo from $33.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Needham & Company LLC upped their price target on Klaviyo from $40.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, KeyCorp raised their price objective on shares of Klaviyo from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.69.

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.