D. E. Shaw & Co. Inc. Grows Position in Klaviyo, Inc. (NYSE:KVYO)

D. E. Shaw & Co. Inc. raised its holdings in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) by 195.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,310,227 shares of the company's stock after acquiring an additional 866,749 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.49% of Klaviyo worth $54,034,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Klaviyo by 9.1% during the 4th quarter. Vanguard Group Inc. now owns 7,721,855 shares of the company's stock valued at $318,449,000 after acquiring an additional 646,628 shares in the last quarter. Bank of New York Mellon Corp raised its position in 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 acquiring an additional 140,127 shares in the last quarter. Clearbridge Investments LLC raised its position in Klaviyo by 0.9% during the fourth quarter. Clearbridge Investments LLC now owns 2,168,336 shares of the company's stock valued at $89,422,000 after acquiring an additional 19,567 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Klaviyo by 48.6% in the fourth quarter. Franklin Resources Inc. now owns 1,943,523 shares of the company's stock valued at $80,151,000 after buying an additional 635,962 shares in the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of Klaviyo by 47.1% during the 4th quarter. Voya Investment Management LLC now owns 1,851,679 shares of the company's stock valued at $76,363,000 after buying an additional 592,884 shares in the last quarter. 45.43% of the stock is owned by institutional investors.

Klaviyo Stock Up 0.8%

KVYO stock traded up $0.29 during midday trading on Thursday, hitting $35.12. The company's stock had a trading volume of 5,401,647 shares, compared to its average volume of 1,443,720. The firm has a market capitalization of $9.59 billion, a price-to-earnings ratio of -195.59 and a beta of 1.35. Klaviyo, Inc. has a 12 month low of $21.26 and a 12 month high of $49.55. The company has a 50 day moving average of $30.45 and a two-hundred day moving average of $37.32.

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

Insider Transactions at Klaviyo

In other news, major shareholder Jeff Fagnan bought 3,900 shares of the firm's stock in a transaction that occurred on Wednesday, April 9th. The shares were purchased at an average price of $25.77 per share, with a total value of $100,503.00. Following the purchase, the insider now owns 3,900 shares in the company, valued at approximately $100,503. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Amanda Whalen sold 15,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $33.54, for a total value of $503,100.00. Following the completion of the sale, the chief financial officer now directly owns 349,623 shares in the company, valued at $11,726,355.42. This represents a 4.11% 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 worth $67,259,606 over the last three months. 49.92% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KVYO. Truist Financial dropped their price objective on shares of Klaviyo from $55.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Benchmark lifted their price objective on shares of Klaviyo from $43.00 to $44.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Needham & Company LLC cut their price objective on shares of Klaviyo from $56.00 to $45.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Citigroup increased their price target on shares of Klaviyo from $39.00 to $48.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Finally, Cantor Fitzgerald lifted their price target on shares of Klaviyo from $47.00 to $54.00 and gave the company an "overweight" 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 company. According to MarketBeat.com, Klaviyo presently has a consensus rating of "Moderate Buy" and an average target price of $43.11.

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.