Klaviyo (NYSE:KVYO) Director Ed Hallen Sells 2,811 Shares

Klaviyo, Inc. (NYSE:KVYO) Director Ed Hallen sold 2,811 shares of Klaviyo stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $30.00, for a total value of $84,330.00. Following the transaction, the director owned 168,659 shares of the company’s stock, valued at $5,059,770. The trade was a 1.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Ed Hallen also recently made the following trade(s):

• On Monday, November 10th, Ed Hallen sold 59,492 shares of Klaviyo stock. The stock was sold at an average price of $30.04, for a total transaction of $1,787,139.68.
• On Monday, September 15th, Ed Hallen sold 89,748 shares of Klaviyo stock. The shares were sold at an average price of $31.71, for a total value of $2,845,909.08.

Klaviyo Price Performance

KVYO stock traded down $0.23 during midday trading on Thursday, reaching $29.10. 177,018 shares of the stock were exchanged, compared to its average volume of 2,243,779. The company has a fifty day moving average price of $28.60 and a 200 day moving average price of $31.37. The stock has a market capitalization of $8.73 billion, a PE ratio of -121.28 and a beta of 1.26. Klaviyo, Inc. has a 52 week low of $23.44 and a 52 week high of $49.55.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings results on Thursday, September 25th. The company reported $0.16 earnings per share for the quarter. The company had revenue of $293.12 million during the quarter. Klaviyo had a negative return on equity of 1.00% and a negative net margin of 5.70%. As a group, analysts anticipate that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Klaviyo

A number of institutional investors and hedge funds have recently made changes to their positions in KVYO. Legal & General Group Plc grew its holdings in Klaviyo by 10.0% during the 3rd quarter. Legal & General Group Plc now owns 102,535 shares of the company’s stock valued at $2,839,000 after purchasing an additional 9,320 shares during the last quarter. Swiss National Bank increased its holdings in Klaviyo by 9.4% during the third quarter. Swiss National Bank now owns 198,700 shares of the company’s stock valued at $5,502,000 after buying an additional 17,100 shares during the period. Jefferies Financial Group Inc. raised its position in shares of Klaviyo by 61.4% in the 3rd quarter. Jefferies Financial Group Inc. now owns 18,796 shares of the company’s stock worth $520,000 after acquiring an additional 7,148 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Klaviyo during the third quarter valued at about $429,000. Finally, Natixis Advisors LLC grew its stake in Klaviyo by 3.4% during the 3rd quarter. Natixis Advisors LLC now owns 11,397 shares of the company’s stock worth $316,000 after buying an additional 372 shares during the last quarter. 45.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KVYO. The Goldman Sachs Group lowered their price objective on shares of Klaviyo from $48.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Morgan Stanley raised shares of Klaviyo from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $40.00 to $50.00 in a report on Friday, September 19th. Wells Fargo & Company started coverage on shares of Klaviyo in a research report on Tuesday, September 30th. They issued an “overweight” rating and a $40.00 price objective on the stock. Zacks Research upgraded Klaviyo from a “strong sell” rating to a “hold” rating in a research report on Monday. Finally, TD Cowen lifted their price objective on Klaviyo from $45.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.67.

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.