Klaviyo, Inc. (NYSE:KVYO – Get Free Report) President Stephen Eric Rowland sold 18,114 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $31.67, for a total transaction of $573,670.38. Following the completion of the transaction, the president now directly owns 192,488 shares in the company, valued at approximately $6,096,094.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Klaviyo Trading Down 0.1 %
Shares of NYSE KVYO traded down $0.03 during midday trading on Friday, hitting $31.80. The company’s stock had a trading volume of 1,503,889 shares, compared to its average volume of 1,218,311. Klaviyo, Inc. has a 1-year low of $21.26 and a 1-year high of $39.47. The firm’s fifty day moving average price is $25.13 and its 200-day moving average price is $25.16.
Klaviyo (NYSE:KVYO – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.10 by $0.05. The business had revenue of $222.21 million during the quarter, compared to analyst estimates of $212.34 million. During the same period last year, the firm posted $0.09 earnings per share. The company’s quarterly revenue was up 35.0% on a year-over-year basis. On average, equities analysts forecast that Klaviyo, Inc. will post -0.11 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on KVYO
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Salem Investment Counselors Inc. boosted its holdings in shares of Klaviyo by 161.1% in the 1st quarter. Salem Investment Counselors Inc. now owns 2,350 shares of the company’s stock valued at $60,000 after buying an additional 1,450 shares during the period. EntryPoint Capital LLC bought a new stake in Klaviyo in the 1st quarter valued at about $71,000. New York State Common Retirement Fund lifted its position in Klaviyo by 191.0% in the 4th quarter. New York State Common Retirement Fund now owns 5,485 shares of the company’s stock valued at $152,000 after purchasing an additional 3,600 shares during the last quarter. SG Americas Securities LLC bought a new stake in Klaviyo in the 2nd quarter valued at about $236,000. Finally, SVB Wealth LLC bought a new stake in Klaviyo in the 1st quarter valued at about $299,000. 45.43% of the stock is owned by institutional investors and hedge funds.
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.
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