Fort Washington Investment Advisors Inc. OH Makes New Investment in Klaviyo, Inc. (NYSE:KVYO)

Fort Washington Investment Advisors Inc. OH purchased a new stake in Klaviyo, Inc. (NYSE:KVYO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,926 shares of the company's stock, valued at approximately $663,000.

A number of other hedge funds have also recently bought and sold shares of KVYO. SG Americas Securities LLC grew its holdings in Klaviyo by 27.3% during the 1st quarter. SG Americas Securities LLC now owns 13,918 shares of the company's stock worth $421,000 after acquiring an additional 2,989 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Klaviyo by 1.8% during the fourth quarter. California State Teachers Retirement System now owns 49,997 shares of the company's stock worth $2,062,000 after purchasing an additional 864 shares during the last quarter. Alpha Wealth Funds LLC acquired a new position in Klaviyo in the fourth quarter worth about $209,000. Total Wealth Planning & Management Inc. bought a new stake in Klaviyo in the fourth quarter valued at about $397,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Klaviyo by 76.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,178 shares of the company's stock valued at $4,338,000 after buying an additional 45,523 shares in the last quarter. Institutional investors and hedge funds own 45.43% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Scotiabank set a $35.00 target price on Klaviyo and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Robert W. Baird decreased their price objective on shares of Klaviyo from $54.00 to $37.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company upgraded shares of Klaviyo from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $32.00 to $40.00 in a research note on Friday. Truist Financial reduced their price target on shares of Klaviyo from $55.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group lowered their price objective on shares of Klaviyo from $51.00 to $44.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $43.21.

Klaviyo Trading Down 0.6%

KVYO traded down $0.21 during trading hours on Tuesday, hitting $34.42. The company's stock had a trading volume of 1,457,647 shares, compared to its average volume of 1,548,128. The company has a 50-day simple moving average of $31.83 and a 200 day simple moving average of $36.84. The firm has a market capitalization of $10.22 billion, a PE ratio of -191.21 and a beta of 1.44. Klaviyo, Inc. has a fifty-two week low of $21.26 and a fifty-two week high of $49.55.

Klaviyo (NYSE:KVYO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. The company had revenue of $279.83 million for the quarter, compared to analyst estimates of $267.79 million. Klaviyo had a positive return on equity of 0.74% and a negative net margin of 4.70%. The company's quarterly revenue was up 33.3% compared to the same quarter last year. During the same period last year, the company earned $0.13 earnings per share. Research analysts expect that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $33.47, for a total transaction of $502,050.00. Following the transaction, the chief financial officer now directly owns 517,831 shares of the company's stock, valued at $17,331,803.57. The trade was a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Summit Partners L. P sold 4,000,000 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $33.00, for a total transaction of $132,000,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,087,320 shares of company stock worth $268,247,195. 53.24% of the stock is owned by corporate insiders.

Klaviyo 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.