Deutsche Bank AG Has $3.92 Million Stock Holdings in Klaviyo, Inc. (NYSE:KVYO)

Deutsche Bank AG raised its stake in Klaviyo, Inc. (NYSE:KVYO - Free Report) by 7,134.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 94,921 shares of the company's stock after buying an additional 93,609 shares during the period. Deutsche Bank AG's holdings in Klaviyo were worth $3,915,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of KVYO. SG Americas Securities LLC increased its holdings in shares of Klaviyo by 21.4% in the fourth quarter. SG Americas Securities LLC now owns 10,929 shares of the company's stock valued at $451,000 after buying an additional 1,923 shares in the last quarter. Renaissance Capital LLC increased its holdings in shares of Klaviyo by 56.4% in the fourth quarter. Renaissance Capital LLC now owns 122,646 shares of the company's stock valued at $5,058,000 after buying an additional 44,245 shares in the last quarter. Wilmington Savings Fund Society FSB increased its holdings in shares of Klaviyo by 17,445.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 16,142 shares of the company's stock valued at $666,000 after buying an additional 16,050 shares in the last quarter. WCM Investment Management LLC bought a new position in shares of Klaviyo in the fourth quarter valued at $12,781,000. Finally, Legato Capital Management LLC increased its holdings in shares of Klaviyo by 21.7% in the fourth quarter. Legato Capital Management LLC now owns 40,032 shares of the company's stock valued at $1,651,000 after buying an additional 7,142 shares in the last quarter. Institutional investors own 45.43% of the company's stock.

Wall Street Analysts Forecast Growth

KVYO has been the topic of several research reports. Stephens initiated coverage on Klaviyo in a report on Wednesday, March 19th. They issued an "overweight" rating and a $43.00 price target on the stock. Canaccord Genuity Group lifted their price objective on shares of Klaviyo from $40.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Stifel Nicolaus lifted their price objective on shares of Klaviyo from $45.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Mizuho lowered their price objective on shares of Klaviyo from $52.00 to $40.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Finally, Truist Financial lowered their price objective 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. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Klaviyo currently has a consensus rating of "Moderate Buy" and an average price target of $43.11.

Klaviyo Stock Down 0.8%

Shares of Klaviyo stock traded down $0.27 on Friday, hitting $33.43. 1,797,863 shares of the company traded hands, compared to its average volume of 1,504,482. The company has a 50-day moving average price of $30.62 and a 200 day moving average price of $37.08. Klaviyo, Inc. has a 12-month low of $21.26 and a 12-month high of $49.55. The company has a market cap of $9.93 billion, a PE ratio of -185.74 and a beta of 1.35.

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

Insider Buying and Selling

In other news, major shareholder Summit Partners L. P sold 4,000,000 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $33.00, for a total transaction of $132,000,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Jeff Fagnan acquired 3,900 shares of the business's stock in a transaction dated Wednesday, April 9th. The shares were bought at an average cost of $25.77 per share, with a total value of $100,503.00. Following the transaction, the insider now directly owns 3,900 shares of the company's stock, valued at $100,503. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 6,124,030 shares of company stock worth $201,016,032. Corporate insiders own 49.92% of the company's stock.

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.