Landon Edmond Sells 9,965 Shares of Klaviyo, Inc. (NYSE:KVYO) Stock

Klaviyo, Inc. (NYSE:KVYO) insider Landon Edmond sold 9,965 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $34.85, for a total transaction of $347,280.25. Following the completion of the sale, the insider now owns 404,744 shares in the company, valued at $14,105,328.40. This represents a 2.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Klaviyo Price Performance

Shares of KVYO stock opened at $35.21 on Friday. The company has a market capitalization of $9.62 billion, a price-to-earnings ratio of -195.59 and a beta of 1.35. Klaviyo, Inc. has a one year low of $21.26 and a one year high of $49.55. The company’s fifty day moving average price is $30.56 and its 200-day moving average price is $37.26.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $279.83 million for the quarter, compared to the consensus estimate of $267.79 million. Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. The company’s revenue was up 33.3% on a year-over-year basis. During the same period last year, the firm earned $0.13 EPS. Equities research analysts expect that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

KVYO has been the topic of several research reports. Stifel Nicolaus raised their target price on shares of Klaviyo from $45.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Piper Sandler raised their target price on shares of Klaviyo from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, May 7th. Wells Fargo & Company raised their target price on shares of Klaviyo from $26.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. Mizuho dropped their target price on shares of Klaviyo from $52.00 to $40.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Finally, Citigroup increased their price target on shares of Klaviyo from $39.00 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Klaviyo currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.11.

Institutional Trading of Klaviyo

Several institutional investors and hedge funds have recently modified their holdings of KVYO. Focus Partners Wealth bought a new stake in shares of Klaviyo during the 4th quarter valued at $38,870,000. D. E. Shaw & Co. Inc. increased its holdings in Klaviyo by 195.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,310,227 shares of the company’s stock valued at $54,034,000 after acquiring an additional 866,749 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in Klaviyo by 105.6% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,538,220 shares of the company’s stock valued at $46,546,000 after acquiring an additional 790,146 shares during the last quarter. Vanguard Group Inc. increased its holdings in Klaviyo by 9.7% in the 1st quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company’s stock valued at $256,240,000 after acquiring an additional 746,078 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Klaviyo by 229.5% in the 4th quarter. Ameriprise Financial Inc. now owns 982,134 shares of the company’s stock valued at $40,507,000 after acquiring an additional 684,026 shares during the last quarter. 45.43% of the stock is currently owned by institutional investors.

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.