Mayflower Financial Advisors LLC Has $17.79 Million Position in Klaviyo, Inc. (NYSE:KVYO)

Mayflower Financial Advisors LLC lessened its position in Klaviyo, Inc. (NYSE:KVYO) by 37.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 431,429 shares of the company’s stock after selling 253,519 shares during the quarter. Klaviyo accounts for 2.7% of Mayflower Financial Advisors LLC’s portfolio, making the stock its 5th largest position. Mayflower Financial Advisors LLC’s holdings in Klaviyo were worth $17,792,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. increased its position in Klaviyo by 145.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock valued at $48,000 after purchasing an additional 808 shares during the period. nVerses Capital LLC acquired a new stake in Klaviyo during the 3rd quarter valued at approximately $53,000. West Tower Group LLC acquired a new stake in Klaviyo during the 3rd quarter valued at approximately $177,000. Victory Capital Management Inc. purchased a new position in shares of Klaviyo during the 3rd quarter valued at approximately $208,000. Finally, William Marsh Rice University purchased a new position in shares of Klaviyo during the 3rd quarter valued at approximately $245,000. Institutional investors own 45.43% of the company’s stock.

Analyst Upgrades and Downgrades

KVYO has been the subject of several recent analyst reports. Benchmark cut their price target on shares of Klaviyo from $42.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Stifel Nicolaus initiated coverage on shares of Klaviyo in a research report on Tuesday, October 22nd. They set a “buy” rating and a $45.00 price target on the stock. William Blair reaffirmed an “outperform” rating on shares of Klaviyo in a research report on Thursday, December 19th. Robert W. Baird boosted their price target on shares of Klaviyo from $42.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Cantor Fitzgerald upped their target price on shares of Klaviyo from $33.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.29.

Insider Activity

In related news, insider Landon Edmond sold 40,000 shares of Klaviyo stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.56, for a total transaction of $1,382,400.00. Following the completion of the sale, the insider now owns 236,621 shares in the company, valued at approximately $8,177,621.76. This trade represents a 14.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Amanda Whalen sold 23,950 shares of Klaviyo stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $40.04, for a total value of $958,958.00. Following the sale, the chief financial officer now owns 395,616 shares of the company’s stock, valued at approximately $15,840,464.64. This represents a 5.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 159,072 shares of company stock worth $6,090,767 over the last 90 days. 53.24% of the stock is currently owned by corporate insiders.

Klaviyo Stock Up 5.4 %

Shares of NYSE KVYO opened at $45.65 on Wednesday. The stock has a fifty day moving average price of $40.28 and a 200 day moving average price of $35.22. Klaviyo, Inc. has a 1-year low of $21.26 and a 1-year high of $47.49.

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

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.