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 business's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $33.47, for a total transaction of $502,050.00. Following the transaction, the chief financial officer now owns 517,831 shares of the company's stock, valued at approximately $17,331,803.57. This represents a 2.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 transaction 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 transaction of $400,500.00.

Klaviyo Stock Performance

KVYO stock traded up $1.19 on Monday, reaching $34.56. The company's stock had a trading volume of 1,747,631 shares, compared to its average volume of 1,545,839. The firm has a market cap of $10.26 billion, a PE ratio of -192.01 and a beta of 1.44. The business has a fifty day simple moving average of $31.55 and a two-hundred day simple moving average of $36.87. Klaviyo, Inc. has a 12-month low of $21.26 and a 12-month high of $49.55.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. New York State Common Retirement Fund lifted its position in Klaviyo by 41.0% during the fourth quarter. New York State Common Retirement Fund now owns 22,297 shares of the company's stock valued at $920,000 after buying an additional 6,488 shares during the period. Ieq Capital LLC grew its holdings in 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 period. Handelsbanken Fonder AB bought a new position in shares of Klaviyo during the fourth quarter valued at approximately $689,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Klaviyo during the fourth quarter valued at approximately $374,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Klaviyo by 5.0% during the fourth quarter. Bank of New York Mellon Corp now owns 2,926,187 shares of the company's stock valued at $120,676,000 after purchasing an additional 140,127 shares during the last quarter. Hedge funds and other institutional investors own 45.43% of the company's stock.

Wall Street Analyst Weigh In

KVYO has been the topic of several research analyst reports. The Goldman Sachs Group cut their target price on shares of Klaviyo from $51.00 to $44.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Wells Fargo & Company upgraded Klaviyo from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $32.00 to $40.00 in a research note on Friday. Stifel Nicolaus boosted their target price on Klaviyo from $45.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Cantor Fitzgerald upgraded Klaviyo to an "overweight" rating and set a $48.00 target price on the stock in a research report on Tuesday, June 3rd. Finally, Scotiabank set a $35.00 price target on shares of Klaviyo and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Klaviyo has an average rating of "Moderate Buy" and an average 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.