Stephen Eric Rowland Sells 7,104 Shares of Klaviyo (NYSE:KVYO) Stock

Klaviyo, Inc. (NYSE:KVYO) President Stephen Eric Rowland sold 7,104 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $29.45, for a total value of $209,212.80. Following the completion of the transaction, the president owned 434,294 shares of the company’s stock, valued at $12,789,958.30. This trade represents a 1.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, October 15th, Stephen Eric Rowland sold 7,105 shares of Klaviyo stock. The shares were sold at an average price of $24.35, for a total value of $173,006.75.

Klaviyo Stock Performance

Shares of KVYO stock opened at $31.50 on Friday. Klaviyo, Inc. has a fifty-two week low of $23.44 and a fifty-two week high of $49.55. The firm has a market capitalization of $9.51 billion, a PE ratio of -131.24 and a beta of 1.18. The stock’s 50-day simple moving average is $27.58 and its 200-day simple moving average is $30.56.

Klaviyo (NYSE:KVYO) last issued its earnings results on Thursday, September 25th. The company reported $0.16 EPS for the quarter. Klaviyo had a negative return on equity of 1.00% and a negative net margin of 5.70%.The firm had revenue of $293.12 million for the quarter. Sell-side analysts forecast that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

Institutional Investors Weigh In On Klaviyo

A number of institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd raised its holdings in Klaviyo by 1,650.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company’s stock worth $27,000 after purchasing an additional 908 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Klaviyo in the second quarter valued at approximately $31,000. FNY Investment Advisers LLC purchased a new stake in shares of Klaviyo in the third quarter valued at approximately $34,000. First Horizon Advisors Inc. acquired a new position in shares of Klaviyo during the 2nd quarter worth approximately $37,000. Finally, State of Wyoming purchased a new position in shares of Klaviyo during the 1st quarter valued at approximately $42,000. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KVYO has been the subject of several recent research reports. Needham & Company LLC reissued a “buy” rating and set a $45.00 target price on shares of Klaviyo in a report on Friday, September 26th. Truist Financial set a $45.00 price target on Klaviyo in a research report on Tuesday, November 25th. Jefferies Financial Group raised Klaviyo to a “strong-buy” rating in a report on Wednesday, October 22nd. KeyCorp lowered their target price on Klaviyo from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Finally, BTIG Research initiated coverage on Klaviyo in a research report on Monday. They set a “buy” rating and a $40.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.77.

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.