Klaviyo (NYSE:KVYO) Stock: Insider Roxanne Oulman Sells 13,989 Shares

Klaviyo, Inc. (NYSE:KVYO) Director Roxanne Oulman sold 13,989 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $20.36, for a total value of $284,816.04. Following the completion of the sale, the director directly owned 23,354 shares of the company’s stock, valued at $475,487.44. The trade was a 37.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Klaviyo Price Performance

Shares of Klaviyo stock traded up $0.23 on Monday, reaching $20.94. The company had a trading volume of 5,744,419 shares, compared to its average volume of 5,600,314. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 1,047.47 and a beta of 0.50. The firm’s 50-day moving average price is $18.10 and its two-hundred day moving average price is $17.97. Klaviyo, Inc. has a 1 year low of $12.53 and a 1 year high of $33.35.

Klaviyo (NYSE:KVYO) last released its earnings results on Wednesday, November 4th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.05. Klaviyo had a return on equity of 6.73% and a net margin of 0.54%. The firm had revenue of $387.21 million for the quarter, compared to the consensus estimate of $380.02 million. During the same quarter in the previous year, the company posted $0.18 EPS. The company’s revenue for the quarter was up 24.5% compared to the same quarter last year. As a group, analysts anticipate that Klaviyo, Inc. will post 0.22 EPS for the current year.

Hedge Funds Weigh In On Klaviyo

A number of large investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its position in Klaviyo by 30.1% in the 3rd quarter. Parallel Advisors LLC now owns 2,276 shares of the company’s stock valued at $36,000 after acquiring an additional 526 shares during the last quarter. Seelaus Asset Management LLC increased its stake in Klaviyo by 3.3% in the third quarter. Seelaus Asset Management LLC now owns 19,944 shares of the company’s stock worth $314,000 after purchasing an additional 642 shares during the period. Chicago Partners Investment Group LLC increased its stake in Klaviyo by 6.8% in the third quarter. Chicago Partners Investment Group LLC now owns 12,054 shares of the company’s stock worth $254,000 after purchasing an additional 767 shares during the period. Optiver Holding B.V. purchased a new stake in Klaviyo in the first quarter worth $39,000. Finally, State of Wyoming lifted its position in shares of Klaviyo by 100.8% during the third quarter. State of Wyoming now owns 4,554 shares of the company’s stock worth $72,000 after purchasing an additional 2,286 shares during the last quarter. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Truist Financial reduced their target price on shares of Klaviyo from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Stephens raised their target price on shares of Klaviyo from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. TD Cowen dropped their price target on shares of Klaviyo from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Canaccord Genuity Group cut their price target on shares of Klaviyo from $32.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Finally, KeyCorp reduced their price objective on shares of Klaviyo from $35.00 to $29.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Sixteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $27.02.

Klaviyo Company Profile

Klaviyo, Inc provides a customer data and marketing automation platform that helps businesses manage customer relationships and communications. Its software brings together customer information to support personalized marketing and engagement.

The platform offers tools for email and text-message marketing, mobile push notifications, automation, audience segmentation, analytics and customer service. Klaviyo also connects with other business applications, including e-commerce platforms, to help companies coordinate customer data and outreach.

Founded in 2012 by Andrew Bialecki and Ed Hallen, Klaviyo is headquartered in Boston and serves businesses in markets around the world.