Klaviyo (NYSE:KVYO) Now Covered by Analysts at Macquarie

Macquarie initiated coverage on shares of Klaviyo (NYSE:KVYO) in a research note published on Thursday, Marketbeat.com reports. The brokerage issued a neutral rating and a $36.00 price objective on the stock.

KVYO has been the topic of a number of other research reports. Piper Sandler increased their target price on shares of Klaviyo from $34.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Robert W. Baird increased their target price on shares of Klaviyo from $35.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Wells Fargo & Company restated a “buy” rating on shares of Klaviyo in a research report on Friday, October 18th. Barclays increased their target price on shares of Klaviyo from $32.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Finally, Cantor Fitzgerald increased their target price on shares of Klaviyo from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $37.29.

Klaviyo Price Performance

NYSE:KVYO traded up $0.93 on Thursday, hitting $38.96. 140,324 shares of the company’s stock were exchanged, compared to its average volume of 1,114,995. The firm has a 50-day moving average price of $34.52 and a 200-day moving average price of $28.06. Klaviyo has a 52 week low of $21.26 and a 52 week high of $39.92. The company has a market cap of $10.39 billion and a P/E ratio of -26.96.

Klaviyo (NYSE:KVYO) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.05. The company had revenue of $222.21 million for the quarter, compared to analyst estimates of $212.34 million. Klaviyo had a negative net margin of 42.15% and a negative return on equity of 32.19%. Klaviyo’s revenue for the quarter was up 35.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 EPS. On average, research analysts expect that Klaviyo will post -0.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, President Stephen Eric Rowland sold 18,114 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $37.19, for a total value of $673,659.66. Following the completion of the sale, the president now directly owns 192,488 shares of the company’s stock, valued at approximately $7,158,628.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, President Stephen Eric Rowland sold 18,114 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $37.19, for a total value of $673,659.66. Following the completion of the transaction, the president now directly owns 192,488 shares of the company’s stock, valued at approximately $7,158,628.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Landon Edmond sold 21,766 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $30.02, for a total transaction of $653,415.32. Following the completion of the transaction, the insider now directly owns 260,413 shares of the company’s stock, valued at approximately $7,817,598.26. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 871,477 shares of company stock valued at $27,610,861. 53.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Janus Henderson Group PLC bought a new position in Klaviyo during the 1st quarter worth about $662,000. Swiss National Bank bought a new position in Klaviyo during the 1st quarter worth about $1,776,000. Blair William & Co. IL grew its holdings in Klaviyo by 1,234.0% during the 1st quarter. Blair William & Co. IL now owns 175,531 shares of the company’s stock worth $4,473,000 after acquiring an additional 162,373 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Klaviyo during the 2nd quarter worth about $747,000. Finally, Clearbridge Investments LLC lifted its position in shares of Klaviyo by 1.5% during the first quarter. Clearbridge Investments LLC now owns 2,205,684 shares of the company’s stock valued at $56,201,000 after buying an additional 31,587 shares during the last quarter. 45.43% of the stock is currently owned by institutional investors.

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.