Liontrust Investment Partners LLP Buys 71,003 Shares of Klaviyo, Inc. (NYSE:KVYO)

Key Points

• Liontrust Investment Partners LLP increased its stake in Klaviyo, Inc. by 105.1%, acquiring an additional 71,003 shares during the first quarter, bringing its total ownership to approximately $4.19 million.
• Several hedge funds have recently made significant investments in Klaviyo, with 45.43% of its shares currently held by institutional investors.
• Klaviyo's stock has been rated with a mix of "buy" and "sell" evaluations by analysts, with an average price target of $43.65, reflecting a generally positive outlook despite some downgrades.

Liontrust Investment Partners LLP boosted its holdings in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) by 105.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,555 shares of the company's stock after purchasing an additional 71,003 shares during the period. Liontrust Investment Partners LLP owned about 0.05% of Klaviyo worth $4,193,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. TFC Financial Management Inc. bought a new stake in Klaviyo during the 1st quarter valued at approximately $27,000. CWM LLC boosted its position in Klaviyo by 227.5% during the 1st quarter. CWM LLC now owns 930 shares of the company's stock valued at $28,000 after acquiring an additional 646 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Klaviyo by 217.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,421 shares of the company's stock valued at $43,000 after acquiring an additional 974 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Klaviyo by 77.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company's stock valued at $77,000 after acquiring an additional 818 shares in the last quarter. Finally, KBC Group NV bought a new stake in Klaviyo during the 1st quarter valued at approximately $77,000. Hedge funds and other institutional investors own 45.43% of the company's stock.

Analyst Upgrades and Downgrades

KVYO has been the topic of several research reports. Cantor Fitzgerald raised Klaviyo to an "overweight" rating and set a $48.00 price objective on the stock in a research report on Tuesday, June 3rd. Benchmark lifted their price objective on Klaviyo from $44.00 to $46.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Robert W. Baird dropped their price target on Klaviyo from $54.00 to $37.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Zacks Research raised Klaviyo to a "strong sell" rating in a research report on Friday, August 8th. Finally, The Goldman Sachs Group dropped their price target on Klaviyo from $51.00 to $44.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $43.65.

Klaviyo Trading Up 1.5%

KVYO stock opened at $31.51 on Friday. The stock has a market capitalization of $9.36 billion, a PE ratio of -126.04 and a beta of 1.36. Klaviyo, Inc. has a 12-month low of $23.77 and a 12-month high of $49.55. The stock's 50 day simple moving average is $32.73 and its 200 day simple moving average is $34.28.

Klaviyo (NYSE:KVYO - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $293.12 million for the quarter, compared to analysts' expectations of $275.97 million. Klaviyo had a negative return on equity of 1.12% and a negative net margin of 6.19%. The company's revenue was up 31.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 EPS. On average, research analysts predict that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

Insider Activity

In other news, CFO Amanda Whalen sold 15,000 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $31.66, for a total transaction of $474,900.00. Following the transaction, the chief financial officer directly owned 517,831 shares of the company's stock, valued at $16,394,529.46. This represents a 2.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Stephen Eric Rowland sold 7,079 shares of the stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $31.56, for a total value of $223,413.24. Following the transaction, the president directly owned 435,845 shares in the company, valued at $13,755,268.20. The trade was a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,044,158 shares of company stock valued at $266,823,776 in the last ninety days. 49.92% of the stock is currently owned by company insiders.

Klaviyo Company 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.

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