SBI Securities Co. Ltd. Invests $196,000 in Klaviyo, Inc. (NYSE:KVYO)

SBI Securities Co. Ltd. acquired a new stake in Klaviyo, Inc. (NYSE:KVYO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,749 shares of the company’s stock, valued at approximately $196,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its position in Klaviyo by 145.6% during the third quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after buying an additional 808 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Klaviyo by 21.4% during the fourth quarter. SG Americas Securities LLC now owns 10,929 shares of the company’s stock valued at $451,000 after acquiring an additional 1,923 shares during the last quarter. US Bancorp DE purchased a new stake in Klaviyo during the 4th quarter worth about $199,000. West Tower Group LLC acquired a new position in Klaviyo in the 3rd quarter valued at about $177,000. Finally, Victory Capital Management Inc. purchased a new position in Klaviyo in the 3rd quarter valued at about $208,000. 45.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Klaviyo news, President Stephen Eric Rowland sold 4,536 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $40.04, for a total value of $181,621.44. Following the completion of the transaction, the president now directly owns 260,403 shares of the company’s stock, valued at $10,426,536.12. This represents a 1.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Landon Edmond sold 40,000 shares of Klaviyo stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $41.80, for a total value of $1,672,000.00. Following the sale, the insider now directly owns 298,607 shares in the company, valued at approximately $12,481,772.60. The trade was a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,586 shares of company stock worth $3,761,995 over the last 90 days. Company insiders own 53.24% of the company’s stock.

Klaviyo Trading Down 6.4 %

Shares of Klaviyo stock opened at $37.66 on Friday. Klaviyo, Inc. has a twelve month low of $21.26 and a twelve month high of $49.55. The stock has a market cap of $10.29 billion, a price-to-earnings ratio of -209.23 and a beta of 0.86. The company has a fifty day moving average price of $43.10 and a 200 day moving average price of $38.56.

Klaviyo (NYSE:KVYO) last issued its earnings results on Wednesday, February 19th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.12). The company had revenue of $270.16 million during the quarter, compared to analysts’ expectations of $257.24 million. Klaviyo had a positive return on equity of 0.89% and a negative net margin of 4.92%. Analysts forecast that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KVYO has been the subject of a number of recent research reports. Wells Fargo & Company lowered their price target on shares of Klaviyo from $48.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, February 20th. Benchmark lifted their target price on shares of Klaviyo from $40.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Loop Capital increased their price target on Klaviyo from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Barclays lifted their price objective on Klaviyo from $47.00 to $51.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Finally, Morgan Stanley increased their target price on Klaviyo from $47.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 20th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.44.

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.