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 its most recent filing with the SEC. The fund purchased 21,926 shares of the company's stock, valued at approximately $663,000.

A number of other institutional investors have also made changes to their positions in KVYO. Focus Partners Wealth acquired a new position in Klaviyo during the 4th quarter valued at approximately $38,870,000. D. E. Shaw & Co. Inc. boosted its position in Klaviyo by 195.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,310,227 shares of the company's stock valued at $54,034,000 after purchasing an additional 866,749 shares during the period. Lord Abbett & CO. LLC acquired a new position in Klaviyo during the 4th quarter valued at approximately $30,851,000. Ameriprise Financial Inc. boosted its position in Klaviyo by 229.5% during the 4th quarter. Ameriprise Financial Inc. now owns 982,134 shares of the company's stock valued at $40,507,000 after purchasing an additional 684,026 shares during the period. Finally, 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 purchasing an additional 646,628 shares during the period. 45.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on KVYO shares. Benchmark boosted their price target on Klaviyo from $43.00 to $44.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group reduced their price target on Klaviyo from $51.00 to $44.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Stifel Nicolaus boosted their price target on Klaviyo from $45.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Truist Financial reduced their price target on Klaviyo from $55.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, Robert W. Baird reduced their price target on Klaviyo from $54.00 to $37.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, Klaviyo has a consensus rating of "Moderate Buy" and a consensus target price of $43.21.

Insider Activity

In other Klaviyo news, major shareholder Jeff Fagnan purchased 3,900 shares of the company's stock in a transaction that occurred on Wednesday, April 9th. The shares were purchased at an average cost of $25.77 per share, with a total value of $100,503.00. Following the completion of the transaction, the insider now owns 3,900 shares of the company's stock, valued at approximately $100,503. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Amanda Whalen sold 15,000 shares of the company's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $26.70, for a total value of $400,500.00. Following the transaction, the chief financial officer now directly owns 553,943 shares in the company, valued at $14,790,278.10. The trade was a 2.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,087,320 shares of company stock valued at $268,247,195 over the last three months. Insiders own 49.92% of the company's stock.

Klaviyo Stock Down 0.6%

Shares of NYSE KVYO traded down $0.21 during mid-day trading on Friday, hitting $33.40. 2,563,837 shares of the company traded hands, compared to its average volume of 1,545,028. Klaviyo, Inc. has a 1 year low of $21.26 and a 1 year high of $49.55. The stock has a market capitalization of $9.92 billion, a price-to-earnings ratio of -185.56 and a beta of 1.44. The business has a 50 day moving average of $31.55 and a two-hundred day moving average of $36.87.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its 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 business had revenue of $279.83 million during the quarter, compared to the consensus estimate of $267.79 million. During the same period in the prior year, the business posted $0.13 earnings per share. Klaviyo's revenue was up 33.3% compared to the same quarter last year. As a group, research analysts anticipate that Klaviyo, Inc. will post 0.04 EPS for the current year.

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.