Klaviyo, Inc. (NYSE:KVYO) Insider Sells $1,672,000.00 in Stock

Klaviyo, Inc. (NYSE:KVYO) insider Landon Edmond sold 40,000 shares of Klaviyo stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $41.80, for a total transaction of $1,672,000.00. Following the sale, the insider now directly owns 298,607 shares of the company’s stock, valued at $12,481,772.60. This represents a 11.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Landon Edmond also recently made the following trade(s):

• On Monday, November 18th, Landon Edmond sold 40,000 shares of Klaviyo stock. The stock was sold at an average price of $34.56, for a total value of $1,382,400.00.

Klaviyo Price Performance

KVYO opened at $39.39 on Friday. The company has a market capitalization of $10.62 billion, a price-to-earnings ratio of -218.82 and a beta of 0.57. The business’s 50-day moving average price is $39.24 and its two-hundred day moving average price is $33.77. Klaviyo, Inc. has a 1 year low of $21.26 and a 1 year high of $44.77.

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

Analysts Set New Price Targets

Several research firms have weighed in on KVYO. Stifel Nicolaus began coverage on Klaviyo in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $45.00 target price on the stock. William Blair reissued an “outperform” rating on shares of Klaviyo in a research note on Thursday, December 19th. Wells Fargo & Company boosted their price objective on shares of Klaviyo from $37.00 to $41.00 and gave the company an “equal weight” rating in a report on Tuesday. Macquarie reiterated a “neutral” rating and issued a $36.00 target price on shares of Klaviyo in a report on Friday, November 8th. Finally, Benchmark reduced their price target on shares of Klaviyo from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Klaviyo presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.41.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KVYO. Advisors Asset Management Inc. increased its stake in Klaviyo by 145.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock valued at $48,000 after buying an additional 808 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Klaviyo in the 3rd quarter valued at about $53,000. West Tower Group LLC acquired a new stake in shares of Klaviyo in the third quarter valued at about $177,000. Victory Capital Management Inc. bought a new stake in Klaviyo during the third quarter worth about $208,000. Finally, William Marsh Rice University acquired a new position in Klaviyo during the third quarter valued at approximately $245,000. Institutional investors and hedge funds own 45.43% of the company’s stock.

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.