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

Klaviyo logo with Computer and Technology background

Key Points

  • Amanda Whalen, the CFO of Klaviyo, sold 15,000 shares at an average price of $25.03, resulting in a total transaction of $375,450, while her remaining shares are valued at approximately $12 million.
  • Klaviyo's stock price decreased by 4.3%, trading at $24.51 with a 12-month range between $23.77 and $49.55, and a market capitalization of $7.35 billion.
  • Wall Street analysts have given Klaviyo an average rating of "Moderate Buy" with a target price around $44.30, though some firms, like Piper Sandler, have downgraded their projections.
  • Five stocks to consider instead of Klaviyo.

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) CFO Amanda Whalen sold 15,000 shares of the stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $25.03, for a total transaction of $375,450.00. Following the transaction, the chief financial officer directly owned 481,719 shares in the company, valued at approximately $12,057,426.57. This represents a 3.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Friday, September 12th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The shares were sold at an average price of $31.50, for a total transaction of $472,500.00.
  • On Friday, August 15th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The shares were sold at an average price of $31.32, for a total transaction of $469,800.00.

Klaviyo Stock Down 4.3%

Shares of KVYO stock traded down $1.11 during mid-day trading on Friday, reaching $24.51. The company's stock had a trading volume of 3,796,618 shares, compared to its average volume of 2,123,795. The company's 50 day simple moving average is $31.24 and its 200-day simple moving average is $31.65. Klaviyo, Inc. has a 12-month low of $23.77 and a 12-month high of $49.55. The firm has a market capitalization of $7.35 billion, a PE ratio of -98.02 and a beta of 1.26.

Klaviyo (NYSE:KVYO - Get Free Report) last issued its earnings results on Thursday, September 25th. The company reported $0.16 EPS for the quarter. Klaviyo had a negative net margin of 6.19% and a negative return on equity of 1.12%. The business had revenue of $293.12 million for the quarter. As a group, research analysts anticipate that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on KVYO shares. Needham & Company LLC reaffirmed a "buy" rating and set a $45.00 price target on shares of Klaviyo in a research note on Friday, September 26th. Wells Fargo & Company started coverage on shares of Klaviyo in a research note on Tuesday, September 30th. They set an "overweight" rating and a $40.00 price target on the stock. Piper Sandler reaffirmed an "overweight" rating and set a $50.00 price target (down previously from $55.00) on shares of Klaviyo in a research note on Friday, September 26th. Wall Street Zen downgraded shares of Klaviyo from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Finally, TD Cowen raised their price objective on shares of Klaviyo from $45.00 to $46.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Nineteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $44.30.

Read Our Latest Stock Analysis on Klaviyo

Institutional Trading of Klaviyo

A number of institutional investors have recently made changes to their positions in KVYO. Cooper Creek Partners Management LLC acquired a new stake in shares of Klaviyo in the 2nd quarter worth approximately $57,109,000. Norges Bank acquired a new stake in shares of Klaviyo in the 2nd quarter worth approximately $52,629,000. American Century Companies Inc. lifted its stake in shares of Klaviyo by 123.4% in the 2nd quarter. American Century Companies Inc. now owns 2,685,480 shares of the company's stock worth $90,178,000 after acquiring an additional 1,483,427 shares during the period. Fiera Capital Corp acquired a new stake in shares of Klaviyo in the 2nd quarter worth approximately $42,645,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Klaviyo by 105.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,692,854 shares of the company's stock worth $56,846,000 after acquiring an additional 867,666 shares during the period. 45.43% of the stock is owned by institutional investors and hedge funds.

About Klaviyo

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Klaviyo (NYSE:KVYO)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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