Cabot Wealth Management Inc. Sells 1,153 Shares of Klaviyo, Inc. (NYSE:KVYO)

Cabot Wealth Management Inc. reduced its position in shares of Klaviyo, Inc. (NYSE:KVYO) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 89,272 shares of the company’s stock after selling 1,153 shares during the period. Cabot Wealth Management Inc.’s holdings in Klaviyo were worth $3,682,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KVYO. Advisors Asset Management Inc. lifted its position in Klaviyo by 145.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after acquiring an additional 808 shares during the last quarter. West Tower Group LLC acquired a new position in shares of Klaviyo during the 3rd quarter worth about $177,000. Victory Capital Management Inc. acquired a new stake in Klaviyo in the 3rd quarter valued at approximately $208,000. Creative Planning acquired a new stake in Klaviyo in the 3rd quarter valued at approximately $254,000. Finally, Aigen Investment Management LP acquired a new stake in Klaviyo in the 3rd quarter valued at approximately $335,000. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Klaviyo Price Performance

NYSE KVYO opened at $41.79 on Friday. The stock’s 50 day simple moving average is $43.72 and its 200 day simple moving average is $38.04. Klaviyo, Inc. has a one year low of $21.26 and a one year high of $49.55. The firm has a market cap of $11.27 billion, a PE ratio of -232.14 and a beta of 0.60.

Klaviyo (NYSE:KVYO) last announced its earnings results on Wednesday, February 19th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.12). The business had revenue of $270.16 million during the quarter, compared to analyst estimates of $257.24 million. Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. As a group, equities analysts expect that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on KVYO. William Blair reissued an “outperform” rating on shares of Klaviyo in a research report on Thursday. Barclays raised their price target on shares of Klaviyo from $47.00 to $51.00 and gave the stock an “overweight” rating in a research report on Thursday. Canaccord Genuity Group upped their price objective on shares of Klaviyo from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday. Macquarie reiterated a “neutral” rating and issued a $36.00 target price on shares of Klaviyo in a research note on Friday, November 8th. Finally, Mizuho upped their price target on Klaviyo from $42.00 to $52.00 and gave the company an “outperform” rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $49.44.

Insiders Place Their Bets

In other Klaviyo news, insider Landon Edmond sold 40,000 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $41.80, for a total transaction of $1,672,000.00. Following the completion of the sale, the insider now directly owns 298,607 shares of the company’s stock, valued at approximately $12,481,772.60. The trade was a 11.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Amanda Whalen sold 15,000 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $39.18, for a total transaction of $587,700.00. Following the transaction, the chief financial officer now owns 391,820 shares in the company, valued at approximately $15,351,507.60. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 114,536 shares of company stock valued at $4,720,953. Insiders own 53.24% 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.