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

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 15,000 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.56, for a total transaction of $518,400.00. Following the transaction, the chief financial officer now owns 395,616 shares of the company’s stock, valued at approximately $13,672,488.96. The trade was a 3.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, October 4th, Amanda Whalen sold 10,000 shares of Klaviyo stock. The shares were sold at an average price of $35.36, for a total transaction of $353,600.00.
• On Friday, September 6th, Amanda Whalen sold 10,000 shares of Klaviyo stock. The shares were sold at an average price of $29.72, for a total transaction of $297,200.00.

Klaviyo Price Performance

KVYO stock opened at $34.47 on Wednesday. Klaviyo, Inc. has a 1-year low of $21.26 and a 1-year high of $41.00. The company has a market capitalization of $9.29 billion, a price-to-earnings ratio of -191.50 and a beta of 1.13. The business has a 50 day simple moving average of $35.96 and a two-hundred day simple moving average of $29.38.

Klaviyo (NYSE:KVYO) last posted its earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The firm had revenue of $235.09 million during the quarter, compared to the consensus estimate of $226.33 million. Klaviyo had a positive return on equity of 0.86% and a negative net margin of 5.23%. The company’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.24) EPS. Sell-side analysts anticipate that Klaviyo, Inc. will post 0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. boosted its holdings in Klaviyo by 145.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock valued at $48,000 after acquiring an additional 808 shares during the period. nVerses Capital LLC purchased a new position in Klaviyo during the 3rd quarter valued at $53,000. EntryPoint Capital LLC purchased a new position in Klaviyo during the 1st quarter valued at $71,000. West Tower Group LLC purchased a new position in Klaviyo during the 3rd quarter valued at $177,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Klaviyo in the 3rd quarter worth $208,000. Institutional investors own 45.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Needham & Company LLC increased their target price on shares of Klaviyo from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Canaccord Genuity Group increased their target price on shares of Klaviyo from $32.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. 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. Cantor Fitzgerald raised their price objective on shares of Klaviyo from $33.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, KeyCorp upgraded shares of Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 price objective for the company in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

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.