Barclays PLC Buys 16,438 Shares of Klaviyo, Inc. (NYSE:KVYO)

Barclays PLC boosted its holdings in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) by 128.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,263 shares of the company's stock after buying an additional 16,438 shares during the period. Barclays PLC's holdings in Klaviyo were worth $1,207,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CIBC Private Wealth Group LLC raised its holdings in Klaviyo by 169.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company's stock worth $72,000 after purchasing an additional 1,102 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Klaviyo during the 4th quarter worth $196,000. US Bancorp DE bought a new position in Klaviyo during the fourth quarter worth about $199,000. Bank Julius Baer & Co. Ltd Zurich grew its stake in Klaviyo by 8.0% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,836 shares of the company's stock valued at $220,000 after acquiring an additional 359 shares during the period. Finally, Keybank National Association OH bought a new stake in shares of Klaviyo in the fourth quarter worth about $203,000. Institutional investors own 45.43% of the company's stock.

Analyst Ratings Changes

KVYO has been the subject of a number of research analyst reports. Scotiabank set a $35.00 target price on shares of Klaviyo and gave the stock a "sector perform" rating in a research note on Wednesday. The Goldman Sachs Group cut their target price on Klaviyo from $51.00 to $44.00 and set a "buy" rating on the stock in a research note on Wednesday. Robert W. Baird cut their target price on Klaviyo from $54.00 to $37.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley decreased their price target on shares of 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, Barclays boosted their price objective on shares of Klaviyo from $35.00 to $38.00 and gave the stock an "overweight" rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, Klaviyo currently has an average rating of "Moderate Buy" and a consensus target price of $43.11.

Klaviyo Stock Performance

Shares of Klaviyo stock traded up $0.14 on Friday, hitting $33.38. The stock had a trading volume of 1,937,400 shares, compared to its average volume of 1,404,591. The stock has a 50 day moving average of $30.54 and a 200 day moving average of $37.37. The firm has a market capitalization of $9.12 billion, a P/E ratio of -185.44 and a beta of 1.35. Klaviyo, Inc. has a twelve month low of $21.26 and a twelve month high of $49.55.

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

Insider Buying and Selling

In other Klaviyo news, major shareholder Jeff Fagnan bought 3,900 shares of the business's stock in a transaction that occurred on Wednesday, April 9th. The shares were bought at an average price of $25.77 per share, for a total transaction of $100,503.00. Following the transaction, the insider now directly owns 3,900 shares in the company, valued at approximately $100,503. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Stephen Eric Rowland sold 36,710 shares of Klaviyo stock in a transaction on Friday, March 7th. The shares were sold at an average price of $35.08, for a total transaction of $1,287,786.80. Following the completion of the sale, the president now owns 246,254 shares of the company's stock, valued at $8,638,590.32. This represents a 12.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,073,770 shares of company stock valued at $67,259,606 in the last three months. Insiders own 49.92% of the company's stock.

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.