Total Wealth Planning & Management Inc. Takes Position in Klaviyo, Inc. (NYSE:KVYO)

Total Wealth Planning & Management Inc. acquired a new position in Klaviyo, Inc. (NYSE:KVYO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,627 shares of the company's stock, valued at approximately $397,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its holdings in shares of Klaviyo by 21.4% during the fourth quarter. SG Americas Securities LLC now owns 10,929 shares of the company's stock worth $451,000 after acquiring an additional 1,923 shares in the last quarter. Renaissance Capital LLC grew its position in Klaviyo by 56.4% during the fourth quarter. Renaissance Capital LLC now owns 122,646 shares of the company's stock worth $5,058,000 after buying an additional 44,245 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in Klaviyo by 17,445.7% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 16,142 shares of the company's stock worth $666,000 after buying an additional 16,050 shares in the last quarter. WCM Investment Management LLC acquired a new stake in Klaviyo during the fourth quarter worth about $12,781,000. Finally, Legato Capital Management LLC lifted its stake in Klaviyo by 21.7% during the fourth quarter. Legato Capital Management LLC now owns 40,032 shares of the company's stock worth $1,651,000 after purchasing an additional 7,142 shares during the period. 45.43% of the stock is owned by institutional investors.

Klaviyo Price Performance

Shares of KVYO traded down $0.11 during mid-day trading on Thursday, reaching $33.54. 1,467,427 shares of the company's stock were exchanged, compared to its average volume of 1,508,241. The business's fifty day simple moving average is $30.67 and its 200-day simple moving average is $37.04. Klaviyo, Inc. has a 52-week low of $21.26 and a 52-week high of $49.55. The stock has a market capitalization of $9.96 billion, a PE ratio of -186.34 and a beta of 1.35.

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

Analyst Upgrades and Downgrades

KVYO has been the subject of several research analyst reports. William Blair restated an "outperform" rating on shares of Klaviyo in a research report on Thursday, February 20th. Needham & Company LLC lowered their target price on shares of Klaviyo from $56.00 to $45.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Truist Financial cut their target price 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. Benchmark lifted their price target on shares of Klaviyo from $43.00 to $44.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Finally, Wells Fargo & Company upped their price objective on shares of Klaviyo from $26.00 to $32.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $43.11.

Insiders Place Their Bets

In other Klaviyo news, major shareholder Summit Partners L. P sold 2,000,000 shares of Klaviyo stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $32.44, for a total value of $64,880,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Stephen Eric Rowland sold 36,710 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $35.08, for a total value of $1,287,786.80. Following the sale, the president now owns 246,254 shares of the company's stock, valued at $8,638,590.32. The trade was a 12.97% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,124,030 shares of company stock worth $201,016,032. Corporate insiders own 49.92% of the company's stock.

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.