Savant Capital LLC Takes Position in Klaviyo, Inc. $KVYO

Savant Capital LLC acquired a new position in Klaviyo, Inc. (NYSE:KVYO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,976 shares of the company’s stock, valued at approximately $268,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Klaviyo during the 2nd quarter worth $31,000. CWM LLC lifted its stake in shares of Klaviyo by 227.5% in the 1st quarter. CWM LLC now owns 930 shares of the company’s stock valued at $28,000 after purchasing an additional 646 shares during the last quarter. First Horizon Advisors Inc. bought a new stake in Klaviyo in the second quarter worth $37,000. State of Wyoming acquired a new position in Klaviyo during the first quarter worth $42,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Klaviyo by 217.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,421 shares of the company’s stock valued at $43,000 after buying an additional 974 shares in the last quarter. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on KVYO shares. TD Cowen upped their price target on Klaviyo from $45.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Macquarie decreased their target price on Klaviyo from $37.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. William Blair reiterated an “outperform” rating on shares of Klaviyo in a report on Monday. Jefferies Financial Group upgraded shares of Klaviyo to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Cantor Fitzgerald decreased their price objective on shares of Klaviyo from $48.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Klaviyo currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.67.

Klaviyo Trading Up 0.7%

KVYO opened at $27.34 on Wednesday. The business has a 50 day moving average of $28.26 and a 200-day moving average of $31.28. The stock has a market capitalization of $8.25 billion, a price-to-earnings ratio of -113.90 and a beta of 1.26. Klaviyo, Inc. has a 1-year low of $23.44 and a 1-year high of $49.55.

Klaviyo (NYSE:KVYO) last announced its 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 5.70% and a negative return on equity of 1.00%. The business had revenue of $293.12 million for the quarter. Equities analysts predict that Klaviyo, Inc. will post 0.04 EPS for the current year.

Insider Transactions at Klaviyo

In related news, Director Ed Hallen sold 89,748 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $31.71, for a total value of $2,845,909.08. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Summit Partners L. P sold 4,000,000 shares of Klaviyo stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $31.87, for a total value of $127,480,000.00. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 5,760,859 shares of company stock worth $181,230,656. 53.24% of the stock is currently owned by company insiders.

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.