Klaviyo, Inc. $KVYO Shares Sold by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. lessened its holdings in Klaviyo, Inc. (NYSE:KVYO) by 5.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,500 shares of the company’s stock after selling 4,626 shares during the quarter. Cabot Wealth Management Inc.’s holdings in Klaviyo were worth $2,871,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lord Abbett & CO. LLC grew its stake in shares of Klaviyo by 105.6% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,538,220 shares of the company’s stock worth $46,546,000 after purchasing an additional 790,146 shares during the period. Vanguard Group Inc. grew its stake in shares of Klaviyo by 9.7% during the 1st quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company’s stock worth $256,240,000 after purchasing an additional 746,078 shares during the period. 1832 Asset Management L.P. grew its stake in shares of Klaviyo by 38.7% during the 1st quarter. 1832 Asset Management L.P. now owns 2,248,800 shares of the company’s stock worth $68,049,000 after purchasing an additional 627,500 shares during the period. Trexquant Investment LP grew its stake in shares of Klaviyo by 472.3% during the 1st quarter. Trexquant Investment LP now owns 371,707 shares of the company’s stock worth $11,248,000 after purchasing an additional 306,762 shares during the period. Finally, Acadian Asset Management LLC grew its stake in shares of Klaviyo by 162.0% during the 1st quarter. Acadian Asset Management LLC now owns 495,729 shares of the company’s stock worth $14,986,000 after purchasing an additional 306,496 shares during the period. Institutional investors and hedge funds own 45.43% of the company’s stock.

Klaviyo Stock Performance

Klaviyo stock opened at $26.27 on Friday. The company’s fifty day moving average price is $29.79 and its 200 day moving average price is $31.30. Klaviyo, Inc. has a 1 year low of $23.44 and a 1 year high of $49.55. The stock has a market capitalization of $7.88 billion, a P/E ratio of -105.07 and a beta of 1.26.

Klaviyo (NYSE:KVYO) last released its quarterly earnings results on Thursday, September 25th. The company reported $0.16 earnings per share (EPS) for the quarter. Klaviyo had a negative net margin of 6.19% and a negative return on equity of 1.12%. The firm had revenue of $293.12 million for the quarter. Sell-side analysts predict that Klaviyo, Inc. will post 0.04 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on KVYO shares. Zacks Research raised shares of Klaviyo to a “strong sell” rating in a research note on Friday, August 8th. Wells Fargo & Company started coverage on shares of Klaviyo in a research note on Tuesday, September 30th. They set an “overweight” rating and a $40.00 price objective on the stock. Wall Street Zen cut shares of Klaviyo from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price objective on shares of Klaviyo in a research note on Friday, September 26th. Finally, Stifel Nicolaus dropped their price objective on shares of Klaviyo from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Klaviyo has an average rating of “Moderate Buy” and a consensus price target of $43.71.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, Director Ed Hallen sold 89,748 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $31.71, for a total value of $2,845,909.08. Following the transaction, the director owned 177,776 shares in the company, valued at approximately $5,637,276.96. This trade represents a 33.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew Bialecki sold 226,702 shares of the firm’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $31.50, for a total value of $7,141,113.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,741,781 shares of company stock worth $180,719,288. Corporate insiders own 49.92% of the company’s stock.

Klaviyo 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.