Klaviyo, Inc. (NYSE:KVYO – Get Free Report) CFO Amanda Whalen sold 15,000 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $31.50, for a total value of $472,500.00. Following the completion of the transaction, the chief financial officer owned 481,719 shares in the company, valued at approximately $15,174,148.50. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Amanda Whalen also recently made the following trade(s):
- On Friday, August 15th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The stock was sold at an average price of $31.32, for a total value of $469,800.00.
- On Friday, July 11th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The stock was sold at an average price of $31.66, for a total value of $474,900.00.
Klaviyo Price Performance
Klaviyo stock opened at $31.19 on Friday. The stock’s 50-day moving average is $32.06 and its 200-day moving average is $32.23. The company has a market cap of $9.36 billion, a price-to-earnings ratio of -124.76 and a beta of 1.36. Klaviyo, Inc. has a 12 month low of $23.77 and a 12 month high of $49.55.
Analysts Set New Price Targets
Several equities research analysts recently commented on KVYO shares. Zacks Research upgraded Klaviyo to a “strong sell” rating in a report on Friday, August 8th. Piper Sandler raised their target price on Klaviyo from $40.00 to $55.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Cantor Fitzgerald upgraded Klaviyo to an “overweight” rating and set a $48.00 target price on the stock in a report on Tuesday, June 3rd. Wall Street Zen downgraded Klaviyo from a “buy” rating to a “hold” rating in a report on Sunday, August 17th. Finally, Citigroup upgraded Klaviyo from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $40.00 to $50.00 in a report on Thursday, August 7th. Eighteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.65.
View Our Latest Research Report on Klaviyo
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. grew its position in shares of Klaviyo by 317.0% in the 2nd quarter. Osaic Holdings Inc. now owns 1,689 shares of the company’s stock worth $55,000 after acquiring an additional 1,284 shares in the last quarter. Orion Porfolio Solutions LLC acquired a new position in shares of Klaviyo in the 2nd quarter worth approximately $1,245,000. Squarepoint Ops LLC grew its position in shares of Klaviyo by 33.9% in the 2nd quarter. Squarepoint Ops LLC now owns 94,290 shares of the company’s stock worth $3,166,000 after acquiring an additional 23,857 shares in the last quarter. State of Wyoming grew its position in shares of Klaviyo by 295.6% in the 2nd quarter. State of Wyoming now owns 5,439 shares of the company’s stock worth $183,000 after acquiring an additional 4,064 shares in the last quarter. Finally, Vident Advisory LLC acquired a new position in shares of Klaviyo in the 2nd quarter worth approximately $223,000. Institutional investors and hedge funds own 45.43% of the company’s stock.
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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