Osterweis Capital Management Inc. Has $13.76 Million Holdings in Klaviyo, Inc. (NYSE:KVYO)

Osterweis Capital Management Inc. raised its holdings in Klaviyo, Inc. (NYSE:KVYO) by 26.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 333,543 shares of the company’s stock after acquiring an additional 68,988 shares during the period. Osterweis Capital Management Inc. owned about 0.12% of Klaviyo worth $13,755,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Y Intercept Hong Kong Ltd bought a new position in Klaviyo during the 4th quarter worth about $374,000. Handelsbanken Fonder AB bought a new position in shares of Klaviyo during the fourth quarter worth about $689,000. Telemark Asset Management LLC acquired a new stake in Klaviyo in the 4th quarter valued at approximately $4,124,000. Renaissance Capital LLC lifted its stake in Klaviyo by 56.4% in the 4th quarter. Renaissance Capital LLC now owns 122,646 shares of the company’s stock valued at $5,058,000 after acquiring an additional 44,245 shares in the last quarter. Finally, Barclays PLC boosted its position in Klaviyo by 1,202.0% during the 3rd quarter. Barclays PLC now owns 12,825 shares of the company’s stock worth $453,000 after acquiring an additional 11,840 shares during the last quarter. 45.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Loop Capital lifted their price objective on shares of Klaviyo from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Canaccord Genuity Group boosted their price target on shares of Klaviyo from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Piper Sandler raised their price objective on Klaviyo from $50.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Stifel Nicolaus upped their target price on Klaviyo from $45.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Finally, Cantor Fitzgerald raised their price target on Klaviyo from $47.00 to $54.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $47.89.

Insiders Place Their Bets

In other news, President Stephen Eric Rowland sold 36,710 shares of Klaviyo 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 sale, the president now directly owns 246,254 shares in the company, valued at approximately $8,638,590.32. The trade was a 12.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Amanda Whalen sold 15,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $45.85, for a total value of $687,750.00. Following the sale, the chief financial officer now directly owns 376,820 shares in the company, valued at $17,277,197. This represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,088,770 shares of company stock worth $67,947,356 in the last 90 days. Company insiders own 53.24% of the company’s stock.

Klaviyo Stock Performance

Shares of KVYO stock opened at $25.95 on Thursday. Klaviyo, Inc. has a 52 week low of $21.26 and a 52 week high of $49.55. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of -144.17 and a beta of 1.39. The company has a 50-day simple moving average of $35.35 and a 200 day simple moving average of $38.16.

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

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.