Klaviyo, Inc. (NYSE:KVYO) Short Interest Up 9.4% in December

Klaviyo, Inc. (NYSE:KVYO) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 6,630,000 shares, an increase of 9.4% from the December 15th total of 6,060,000 shares. Based on an average daily trading volume, of 1,270,000 shares, the days-to-cover ratio is presently 5.2 days. Approximately 12.7% of the company’s shares are short sold.

Klaviyo Price Performance

KVYO stock traded up $0.32 during mid-day trading on Monday, reaching $40.15. 860,265 shares of the company traded hands, compared to its average volume of 1,078,642. Klaviyo has a 52-week low of $21.26 and a 52-week high of $44.77. The company has a market capitalization of $10.83 billion, a P/E ratio of -223.05 and a beta of 0.57. The company has a fifty day moving average price of $39.49 and a 200-day moving average price of $34.44.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04. Klaviyo had a negative net margin of 5.23% and a positive return on equity of 0.86%. The company had revenue of $235.09 million during the quarter, compared to analysts’ expectations of $226.33 million. During the same quarter in the previous year, the company earned ($1.24) earnings per share. Klaviyo’s revenue for the quarter was up 33.7% on a year-over-year basis. As a group, analysts forecast that Klaviyo will post 0.03 EPS for the current year.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, CFO Amanda Whalen sold 15,000 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.56, for a total value of $518,400.00. Following the transaction, the chief financial officer now directly owns 395,616 shares of the company’s stock, valued at approximately $13,672,488.96. This trade represents a 3.65 % 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, insider Landon Edmond sold 40,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.56, for a total transaction of $1,382,400.00. Following the completion of the sale, the insider now owns 236,621 shares in the company, valued at $8,177,621.76. This represents a 14.46 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 159,072 shares of company stock valued at $6,090,767. 53.24% of the stock is currently owned by company insiders.

Institutional Trading of Klaviyo

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. raised its position in Klaviyo by 145.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after purchasing an additional 808 shares during the period. nVerses Capital LLC purchased a new position in shares of Klaviyo in the third quarter worth about $53,000. West Tower Group LLC bought a new stake in shares of Klaviyo in the 3rd quarter valued at about $177,000. Victory Capital Management Inc. purchased a new stake in Klaviyo during the 3rd quarter valued at about $208,000. Finally, William Marsh Rice University bought a new position in Klaviyo during the 3rd quarter worth approximately $245,000. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Analyst Ratings Changes

KVYO has been the topic of several analyst reports. William Blair reaffirmed an “outperform” rating on shares of Klaviyo in a research report on Thursday, December 19th. Needham & Company LLC lifted their price objective on shares of Klaviyo from $40.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Macquarie reiterated a “neutral” rating and issued a $36.00 target price on shares of Klaviyo in a report on Friday, November 8th. Loop Capital boosted their price target on shares of Klaviyo from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, KeyCorp upped their price objective on shares of Klaviyo from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Klaviyo presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.29.

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.