Klaviyo (NYSE:KVYO – Get Free Report) had its price target raised by stock analysts at Wells Fargo & Company from $37.00 to $41.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential downside of 0.87% from the company’s current price.
A number of other analysts have also recently weighed in on the stock. Benchmark dropped their target price on shares of Klaviyo from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Robert W. Baird raised their target price on Klaviyo from $42.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Piper Sandler increased their target price on shares of Klaviyo from $45.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday. KeyCorp upped their price objective on shares of Klaviyo from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Finally, Macquarie restated a “neutral” rating and issued a $36.00 price target on shares of Klaviyo in a report on Friday, November 8th. Four investment 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $41.41.
Get Our Latest Research Report on Klaviyo
Klaviyo Trading Down 3.1 %
Klaviyo (NYSE:KVYO – Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $226.33 million. During the same period in the prior year, the business earned ($1.24) EPS. The firm’s quarterly revenue was up 33.7% on a year-over-year basis. As a group, analysts forecast that Klaviyo will post 0.03 earnings per share for the current fiscal year.
Insider Transactions at Klaviyo
In related news, CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $39.39, for a total transaction of $590,850.00. Following the transaction, the chief financial officer now owns 391,820 shares in the company, valued at approximately $15,433,789.80. This trade represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Stephen Eric Rowland sold 4,536 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.56, for a total transaction of $156,764.16. Following the transaction, the president now directly owns 186,785 shares in the company, valued at approximately $6,455,289.60. The trade was a 2.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,650 shares of company stock valued at $4,323,105 over the last 90 days. 53.24% of the stock is currently owned by corporate insiders.
Institutional Trading of Klaviyo
Institutional investors and hedge funds have recently made changes to their positions in the stock. Whale Rock Capital Management LLC raised its position in shares of Klaviyo by 608.9% in the third quarter. Whale Rock Capital Management LLC now owns 3,600,606 shares of the company’s stock valued at $127,389,000 after buying an additional 3,092,725 shares during the last quarter. SpiderRock Advisors LLC lifted its position in Klaviyo by 1,571.7% during the third quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company’s stock worth $17,743,000 after buying an additional 471,500 shares during the period. Mayflower Financial Advisors LLC increased its stake 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 valued at $24,233,000 after acquiring an additional 441,500 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Klaviyo by 53.6% during the 2nd quarter. Millennium Management LLC now owns 1,120,485 shares of the company’s stock worth $27,889,000 after acquiring an additional 390,849 shares during the period. Finally, Two Sigma Advisers LP boosted its position in shares of Klaviyo by 121.5% in the third quarter. Two Sigma Advisers LP now owns 673,500 shares of the company’s stock worth $23,828,000 after acquiring an additional 369,400 shares during the last quarter. 45.43% of the stock is currently owned by hedge funds and other institutional investors.
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.
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