Capital Research Global Investors Has $123.78 Million Stake in Klaviyo, Inc. (NYSE:KVYO)

Capital Research Global Investors decreased its position in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) by 43.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,001,500 shares of the company's stock after selling 2,265,626 shares during the period. Capital Research Global Investors owned 1.11% of Klaviyo worth $123,782,000 at the end of the most recent quarter.

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

Insider Transactions at Klaviyo

In other news, CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $45.85, for a total transaction of $687,750.00. Following the transaction, the chief financial officer now directly owns 376,820 shares of the company's stock, valued at $17,277,197. This trade represents a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Jeff Fagnan acquired 3,900 shares of the stock in a transaction that occurred on Wednesday, April 9th. The stock was purchased at an average price of $25.77 per share, with a total value of $100,503.00. Following the transaction, the insider now owns 3,900 shares in the company, valued at $100,503. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 2,088,770 shares of company stock worth $67,947,356. 53.24% of the stock is currently owned by company insiders.

Klaviyo Trading Up 2.2 %

Shares of KVYO traded up $0.64 on Friday, reaching $29.58. 1,818,319 shares of the company's stock were exchanged, compared to its average volume of 1,331,614. The business has a 50 day moving average price of $32.38 and a two-hundred day moving average price of $37.74. Klaviyo, Inc. has a 12 month low of $21.26 and a 12 month high of $49.55. The stock has a market capitalization of $8.08 billion, a P/E ratio of -164.33 and a beta of 1.39.

Klaviyo (NYSE:KVYO - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.12). Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. The business had revenue of $270.16 million for the quarter, compared to the consensus estimate of $257.24 million. Equities research analysts predict that Klaviyo, Inc. will post 0.04 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KVYO. Mizuho lowered their target price on shares of Klaviyo from $52.00 to $40.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Barclays decreased their price objective on shares of Klaviyo from $51.00 to $35.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Citigroup lifted their target price on shares of Klaviyo from $39.00 to $48.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. Needham & Company LLC increased their price target on Klaviyo from $46.00 to $56.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Finally, Canaccord Genuity Group raised their price target on Klaviyo from $40.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Klaviyo has an average rating of "Moderate Buy" and an average price target of $43.47.

Klaviyo Company Profile

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.