Klaviyo, Inc. (NYSE:KVYO) President Sells $247,100.00 in Stock

Klaviyo, Inc. (NYSE:KVYO) President Stephen Eric Rowland sold 7,060 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $35.00, for a total transaction of $247,100.00. Following the sale, the president now owns 440,250 shares of the company’s stock, valued at $15,408,750. This represents a 1.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Friday, May 16th, Stephen Eric Rowland sold 7,079 shares of Klaviyo stock. The stock was sold at an average price of $34.86, for a total transaction of $246,773.94.
• On Tuesday, April 15th, Stephen Eric Rowland sold 7,060 shares of Klaviyo stock. The shares were sold at an average price of $26.66, for a total transaction of $188,219.60.
• On Friday, March 7th, Stephen Eric Rowland sold 36,710 shares of Klaviyo stock. The shares were sold at an average price of $35.08, for a total transaction of $1,287,786.80.

Klaviyo Stock Performance

Shares of KVYO opened at $35.21 on Monday. The stock has a market capitalization of $9.62 billion, a P/E ratio of -195.59 and a beta of 1.35. Klaviyo, Inc. has a 1 year low of $21.26 and a 1 year high of $49.55. The company’s fifty day moving average is $30.56 and its two-hundred day moving average is $37.25.

Klaviyo (NYSE:KVYO) last issued its earnings results on Tuesday, May 6th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $279.83 million for the quarter, compared to analyst estimates of $267.79 million. Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. The business’s revenue was up 33.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS. Sell-side analysts predict that Klaviyo, Inc. will post 0.04 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Stephens assumed coverage on shares of Klaviyo in a report on Wednesday, March 19th. They issued an “overweight” rating and a $43.00 target price on the stock. The Goldman Sachs Group cut their target price on shares of Klaviyo from $51.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Mizuho cut 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. Canaccord Genuity Group lifted their target price on shares of Klaviyo from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Finally, William Blair reaffirmed an “outperform” rating on shares of Klaviyo in a report on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.11.

Institutional Investors Weigh In On Klaviyo

Institutional investors have recently made changes to their positions in the stock. TFC Financial Management Inc. purchased a new stake in shares of Klaviyo during the 1st quarter worth $27,000. CWM LLC boosted its position in shares of Klaviyo by 227.5% during the 1st quarter. CWM LLC now owns 930 shares of the company’s stock worth $28,000 after purchasing an additional 646 shares in the last quarter. State of Wyoming purchased a new stake in shares of Klaviyo during the 1st quarter worth $42,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Klaviyo by 217.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,421 shares of the company’s stock worth $43,000 after purchasing an additional 974 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Klaviyo by 169.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company’s stock worth $72,000 after purchasing an additional 1,102 shares in 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.