American Century Companies Inc. Boosts Stock Holdings in Klaviyo, Inc. (NYSE:KVYO)

American Century Companies Inc. raised its holdings in Klaviyo, Inc. (NYSE:KVYO) by 41.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,209,612 shares of the company’s stock after purchasing an additional 357,194 shares during the quarter. American Century Companies Inc. owned 0.45% of Klaviyo worth $49,884,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whale Rock Capital Management LLC boosted its stake in shares of Klaviyo by 608.9% in the third quarter. Whale Rock Capital Management LLC now owns 3,600,606 shares of the company’s stock valued at $127,389,000 after buying an additional 3,092,725 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Klaviyo by 5.0% in the fourth quarter. Bank of New York Mellon Corp now owns 2,926,187 shares of the company’s stock valued at $120,676,000 after acquiring an additional 140,127 shares during the period. Geode Capital Management LLC boosted its position in shares of Klaviyo by 45.1% during the 3rd quarter. Geode Capital Management LLC now owns 786,186 shares of the company’s stock worth $27,827,000 after purchasing an additional 244,447 shares in the last quarter. Two Sigma Advisers LP grew its stake in shares of Klaviyo by 121.5% during the 3rd quarter. Two Sigma Advisers LP now owns 673,500 shares of the company’s stock worth $23,828,000 after purchasing an additional 369,400 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Klaviyo by 9.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 464,459 shares of the company’s stock valued at $19,154,000 after purchasing an additional 40,102 shares in the last quarter. Institutional investors and hedge funds own 45.43% of the company’s stock.

Klaviyo Trading Down 1.7 %

Klaviyo stock opened at $33.75 on Thursday. The stock has a fifty day moving average price of $40.90 and a 200 day moving average price of $38.79. Klaviyo, Inc. has a 52 week low of $21.26 and a 52 week high of $49.55. The firm has a market capitalization of $9.22 billion, a P/E ratio of -187.47 and a beta of 0.86.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings data 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). Klaviyo had a positive return on equity of 0.89% and a negative net margin of 4.92%. The company had revenue of $270.16 million for the quarter, compared to analysts’ expectations of $257.24 million. As a group, equities analysts predict that Klaviyo, Inc. will post 0.04 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. William Blair restated an “outperform” rating on shares of Klaviyo in a research report on Thursday, February 20th. Stephens assumed coverage on Klaviyo in a report on Wednesday, March 19th. They issued an “overweight” rating and a $43.00 price target on the stock. Citigroup lifted their price objective on Klaviyo from $39.00 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Morgan Stanley upped their target price on Klaviyo from $47.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, February 20th. Finally, Needham & Company LLC lifted their price target on Klaviyo from $46.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.89.

Insider Buying and Selling at Klaviyo

In other news, insider Landon Edmond sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $41.80, for a total value of $1,672,000.00. Following the transaction, the insider now directly owns 298,607 shares in the company, valued at $12,481,772.60. This trade represents a 11.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Summit Partners L. P sold 2,000,000 shares of Klaviyo stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $32.44, for a total transaction of $64,880,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,126,246 shares of company stock worth $69,799,958 in the last quarter. 53.24% of the stock is owned by insiders.

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.