Insider Selling: Klaviyo, Inc. (NYSE:KVYO) President Sells $181,621.44 in Stock

Klaviyo, Inc. (NYSE:KVYO) President Stephen Eric Rowland sold 4,536 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $40.04, for a total transaction of $181,621.44. Following the completion of the sale, the president now owns 260,403 shares in the company, valued at approximately $10,426,536.12. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Stephen Eric Rowland also recently made the following trade(s):

• On Monday, November 18th, Stephen Eric Rowland sold 4,536 shares of Klaviyo stock. The shares were sold at an average price of $34.56, for a total value of $156,764.16.

Klaviyo Trading Up 0.8 %

NYSE:KVYO opened at $40.15 on Monday. The stock has a 50-day moving average price of $39.49 and a 200 day moving average price of $34.37. Klaviyo, Inc. has a 12-month low of $21.26 and a 12-month high of $44.77. The stock has a market capitalization of $10.83 billion, a P/E ratio of -223.05 and a beta of 0.57.

Klaviyo (NYSE:KVYO) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $235.09 million for the quarter, compared to analysts’ expectations of $226.33 million. During the same quarter last year, the business posted ($1.24) earnings per share. The company’s revenue for the quarter was up 33.7% compared to the same quarter last year. On average, research analysts predict that Klaviyo, Inc. will post 0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KVYO. SG Americas Securities LLC lifted its position in shares of Klaviyo by 21.4% in the fourth quarter. SG Americas Securities LLC now owns 10,929 shares of the company’s stock worth $451,000 after buying an additional 1,923 shares in the last quarter. Oak Ridge Investments LLC purchased a new position in shares of Klaviyo in the fourth quarter valued at $1,646,000. Capital Investment Advisors LLC bought a new stake in Klaviyo in the fourth quarter worth $621,000. Barclays PLC raised its stake in Klaviyo by 1,202.0% during the third quarter. Barclays PLC now owns 12,825 shares of the company’s stock valued at $453,000 after purchasing an additional 11,840 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Klaviyo by 45.1% during the third quarter. Geode Capital Management LLC now owns 786,186 shares of the company’s stock valued at $27,827,000 after purchasing an additional 244,447 shares during the last quarter. Institutional investors own 45.43% of the company’s stock.

Wall Street Analysts Forecast Growth

KVYO has been the topic of a number of recent analyst reports. Piper Sandler raised their price target on shares of Klaviyo from $45.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, January 6th. William Blair reaffirmed an “outperform” rating on shares of Klaviyo in a research report on Thursday, December 19th. Canaccord Genuity Group increased their price target on Klaviyo from $32.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Barclays lifted their price objective on Klaviyo from $32.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Finally, Benchmark lowered their target price on Klaviyo from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.29.

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.