Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen Sells 15,000 Shares

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 15,000 shares of the stock in a transaction on Friday, April 11th. The shares were sold at an average price of $26.70, for a total transaction of $400,500.00. Following the sale, the chief financial officer now directly owns 553,943 shares of the company’s stock, valued at $14,790,278.10. The trade was a 2.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Amanda Whalen also recently made the following trade(s):

• On Friday, March 14th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The stock was sold at an average price of $33.54, for a total transaction of $503,100.00.
• On Monday, February 3rd, Amanda Whalen sold 15,000 shares of Klaviyo stock. The shares were sold at an average price of $45.85, for a total value of $687,750.00.

Klaviyo Stock Down 1.2 %

NYSE:KVYO traded down $0.34 during mid-day trading on Friday, hitting $27.03. 1,521,302 shares of the company traded hands, compared to its average volume of 1,281,179. The stock’s fifty day moving average price is $37.05 and its 200-day moving average price is $38.42. 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 $7.38 billion, a price-to-earnings ratio of -150.16 and a beta of 1.39.

Klaviyo (NYSE:KVYO) last released its earnings results on Wednesday, February 19th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $270.16 million for the quarter, compared to the consensus estimate of $257.24 million. Equities analysts predict that Klaviyo, Inc. will post 0.04 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KVYO. CIBC Private Wealth Group LLC increased its stake in Klaviyo by 169.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company’s stock worth $72,000 after buying an additional 1,102 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Klaviyo by 77.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company’s stock worth $77,000 after purchasing an additional 818 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Klaviyo during the 4th quarter valued at approximately $196,000. US Bancorp DE purchased a new position in Klaviyo in the 4th quarter worth approximately $199,000. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its stake in Klaviyo by 8.0% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,836 shares of the company’s stock worth $220,000 after purchasing an additional 359 shares during the period. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Loop Capital lifted their price objective on Klaviyo from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Canaccord Genuity Group lifted their price target on shares of Klaviyo from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Needham & Company LLC upped their price objective on shares of Klaviyo from $46.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. KeyCorp raised their target price on shares of Klaviyo from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, Wells Fargo & Company decreased their price target on shares of Klaviyo from $48.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, February 20th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Klaviyo presently has an average rating of “Moderate Buy” and a consensus price target of $49.89.

About Klaviyo

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.