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

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) CFO Amanda Whalen sold 15,000 shares of the company's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $33.47, for a total value of $502,050.00. Following the completion of the sale, the chief financial officer now owns 517,831 shares of the company's stock, valued at $17,331,803.57. This represents a 2.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Friday, May 16th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The stock was sold at an average price of $34.98, for a total value of $524,700.00.
• On Friday, April 11th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The stock was sold at an average price of $26.70, for a total value of $400,500.00.

Klaviyo Price Performance

NYSE KVYO traded down $0.21 during trading on Friday, hitting $33.40. The company's stock had a trading volume of 2,563,837 shares, compared to its average volume of 1,542,453. The company has a market cap of $9.92 billion, a PE ratio of -185.56 and a beta of 1.44. The business's 50 day simple moving average is $31.40 and its 200-day simple moving average is $36.90. Klaviyo, Inc. has a fifty-two week low of $21.26 and a fifty-two week high of $49.55.

Klaviyo (NYSE:KVYO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $279.83 million during the quarter, compared to the consensus estimate of $267.79 million. Klaviyo had a positive return on equity of 0.89% and a negative net margin of 4.92%. The company's quarterly revenue was up 33.3% on a year-over-year basis. During the same quarter last year, the company earned $0.13 earnings per share. Analysts expect that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Klaviyo

Several institutional investors have recently added to or reduced their stakes in KVYO. New York State Common Retirement Fund boosted its holdings in Klaviyo by 41.0% in the fourth quarter. New York State Common Retirement Fund now owns 22,297 shares of the company's stock worth $920,000 after acquiring an additional 6,488 shares in the last quarter. Ieq Capital LLC raised its stake in shares of Klaviyo by 370.1% in the fourth quarter. Ieq Capital LLC now owns 51,024 shares of the company's stock worth $2,104,000 after purchasing an additional 40,171 shares during the last quarter. Handelsbanken Fonder AB purchased a new position in shares of Klaviyo in the fourth quarter worth about $689,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Klaviyo in the fourth quarter worth about $374,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Klaviyo by 5.0% in the fourth quarter. Bank of New York Mellon Corp now owns 2,926,187 shares of the company's stock worth $120,676,000 after purchasing an additional 140,127 shares during the last quarter. Institutional investors and hedge funds own 45.43% of the company's stock.

Analyst Ratings Changes

KVYO has been the subject of several research reports. Truist Financial lowered their target price on Klaviyo from $55.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Wells Fargo & Company upgraded Klaviyo from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $32.00 to $40.00 in a research note on Friday. Stifel Nicolaus upped their price objective on Klaviyo from $45.00 to $54.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Morgan Stanley decreased their price objective on Klaviyo from $50.00 to $34.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, The Goldman Sachs Group decreased their price objective on Klaviyo from $51.00 to $44.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $43.21.

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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