Quadrature Capital Ltd Purchases 51,066 Shares of Klaviyo, Inc. $KVYO

Quadrature Capital Ltd raised its position in shares of Klaviyo, Inc. (NYSE:KVYO) by 390.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,153 shares of the company’s stock after acquiring an additional 51,066 shares during the period. Quadrature Capital Ltd’s holdings in Klaviyo were worth $2,152,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in KVYO. CWM LLC lifted 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 during the last quarter. Victory Capital Management Inc. grew its holdings in Klaviyo by 20.7% in the 1st quarter. Victory Capital Management Inc. now owns 7,807 shares of the company’s stock valued at $236,000 after buying an additional 1,338 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Klaviyo in the 1st quarter worth approximately $238,000. Avantax Advisory Services Inc. acquired a new position in shares of Klaviyo during the first quarter worth approximately $273,000. Finally, Cetera Investment Advisers lifted its holdings in shares of Klaviyo by 58.5% during the first quarter. Cetera Investment Advisers now owns 10,656 shares of the company’s stock worth $322,000 after buying an additional 3,932 shares during the last quarter. 45.43% of the stock is owned by institutional investors and hedge funds.

Klaviyo Price Performance

Shares of Klaviyo stock opened at $28.56 on Friday. The firm has a market capitalization of $8.62 billion, a PE ratio of -119.00 and a beta of 1.26. The company’s fifty day moving average price is $27.51 and its two-hundred day moving average price is $30.97. Klaviyo, Inc. has a 52-week low of $23.44 and a 52-week high of $49.55.

Klaviyo (NYSE:KVYO) last released its quarterly earnings data on Thursday, September 25th. The company reported $0.16 EPS for the quarter. Klaviyo had a negative net margin of 5.70% and a negative return on equity of 1.00%. The company had revenue of $293.12 million during the quarter. Analysts predict that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

Insider Transactions at Klaviyo

In other news, CEO Andrew Bialecki sold 226,382 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $32.35, for a total value of $7,323,457.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Summit Partners L. P sold 4,000,000 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $31.87, for a total value of $127,480,000.00. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 5,826,203 shares of company stock valued at $182,108,343. Corporate insiders own 49.92% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on KVYO. Robert W. Baird boosted their target price on shares of Klaviyo from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. TD Cowen raised their price target on shares of Klaviyo from $45.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Jefferies Financial Group upgraded shares of Klaviyo to a “strong-buy” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group cut their price objective on shares of Klaviyo from $48.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Finally, Macquarie decreased their target price on Klaviyo from $37.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Klaviyo currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.90.

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.