Insider Selling: Klaviyo (NYSE:KVYO) Director Sells 757 Shares of Stock

Klaviyo, Inc. (NYSE:KVYO) Director Ed Hallen sold 757 shares of Klaviyo stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $30.15, for a total transaction of $22,823.55. Following the sale, the director owned 168,502 shares of the company’s stock, valued at $5,080,335.30. The trade was a 0.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ed Hallen also recently made the following trade(s):

• On Tuesday, November 11th, Ed Hallen sold 2,811 shares of Klaviyo stock. The stock was sold at an average price of $30.00, for a total transaction of $84,330.00.
• On Monday, November 10th, Ed Hallen sold 59,492 shares of Klaviyo stock. The stock was sold at an average price of $30.04, for a total transaction of $1,787,139.68.

Klaviyo Trading Up 1.8%

Shares of Klaviyo stock traded up $0.54 on Wednesday, hitting $29.96. 4,384,086 shares of the company traded hands, compared to its average volume of 2,243,643. The company has a market cap of $9.05 billion, a PE ratio of -124.82 and a beta of 1.18. The stock’s 50 day moving average price is $27.38 and its 200-day moving average price is $30.56. 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. The company had revenue of $293.12 million for the quarter. Klaviyo had a negative return on equity of 1.00% and a negative net margin of 5.70%. As a group, research analysts anticipate that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

Analyst Ratings Changes

KVYO has been the subject of several recent research reports. Wall Street Zen downgraded Klaviyo from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. BTIG Research initiated coverage on shares of Klaviyo in a report on Monday. They issued a “buy” rating and a $40.00 price target for the company. Benchmark reiterated a “buy” rating on shares of Klaviyo in a research note on Tuesday, November 4th. The Goldman Sachs Group reduced their price objective on shares of Klaviyo from $48.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Finally, Macquarie dropped 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, twenty have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.77.

Hedge Funds Weigh In On Klaviyo

Several institutional investors and hedge funds have recently bought and sold shares of KVYO. Main Management ETF Advisors LLC increased its position in shares of Klaviyo by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 22,723 shares of the company’s stock worth $763,000 after purchasing an additional 372 shares in the last quarter. Natixis Advisors LLC grew its stake in Klaviyo by 3.4% during the 3rd quarter. Natixis Advisors LLC now owns 11,397 shares of the company’s stock worth $316,000 after buying an additional 372 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Klaviyo by 5.3% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 9,312 shares of the company’s stock valued at $258,000 after buying an additional 469 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Klaviyo by 22.7% in the first quarter. Advisors Asset Management Inc. now owns 2,731 shares of the company’s stock valued at $83,000 after buying an additional 506 shares during the last quarter. Finally, Pathstone Holdings LLC raised its stake in Klaviyo by 0.5% in the third quarter. Pathstone Holdings LLC now owns 173,931 shares of the company’s stock valued at $4,816,000 after buying an additional 858 shares during the last quarter. 45.43% of the stock is 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.