Insider Selling: Klaviyo, Inc. (NYSE:KVYO) President Sells $1,287,786.80 in Stock

Klaviyo, Inc. (NYSE:KVYO) President Stephen Eric Rowland sold 36,710 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $35.08, for a total value of $1,287,786.80. Following the completion of the transaction, the president now directly owns 246,254 shares of the company’s stock, valued at $8,638,590.32. This trade represents a 12.97 % decrease in their ownership of the stock. The sale was disclosed in a 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, January 15th, Stephen Eric Rowland sold 4,536 shares of Klaviyo stock. The stock was sold at an average price of $40.04, for a total transaction of $181,621.44.

Klaviyo Stock Performance

Shares of KVYO opened at $34.04 on Monday. The stock has a market capitalization of $9.30 billion, a P/E ratio of -189.08 and a beta of 0.86. Klaviyo, Inc. has a 1 year low of $21.26 and a 1 year high of $49.55. The company’s fifty day moving average is $42.92 and its two-hundred day moving average is $38.67.

Klaviyo (NYSE:KVYO) last issued its earnings results on Wednesday, February 19th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.12). The firm had revenue of $270.16 million during the quarter, compared to analysts’ expectations of $257.24 million. Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. Sell-side analysts predict that Klaviyo, Inc. will post 0.04 EPS for the current year.

Wall Street Analysts Forecast Growth

KVYO has been the topic of several research analyst reports. The Goldman Sachs Group lifted their price target on shares of Klaviyo from $45.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. William Blair reiterated an “outperform” rating on shares of Klaviyo in a research report on Thursday, February 20th. Wells Fargo & Company reduced their target price on Klaviyo from $48.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, February 20th. Benchmark raised their price target on Klaviyo from $40.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Finally, Morgan Stanley lifted their price target on Klaviyo from $47.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 20th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Klaviyo has an average rating of “Moderate Buy” and a consensus price target of $49.44.

Institutional Investors Weigh In On Klaviyo

A number of institutional investors have recently added to or reduced their stakes in KVYO. Advisors Asset Management Inc. lifted its holdings in shares of Klaviyo by 145.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock valued at $48,000 after buying an additional 808 shares during the period. CIBC Private Wealth Group LLC grew its holdings in Klaviyo by 169.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company’s stock worth $72,000 after acquiring an additional 1,102 shares during the period. Tower Research Capital LLC TRC raised its position in Klaviyo by 77.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company’s stock worth $77,000 after acquiring an additional 818 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Klaviyo in the fourth quarter valued at $196,000. Finally, US Bancorp DE purchased a new stake in shares of Klaviyo during the 4th quarter worth $199,000. Hedge funds and other institutional investors own 45.43% 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.