50,906 Shares in Klaviyo, Inc. (NYSE:KVYO) Bought by Squarepoint Ops LLC

Squarepoint Ops LLC purchased a new stake in Klaviyo, Inc. (NYSE:KVYO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 50,906 shares of the company's stock, valued at approximately $2,099,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Klaviyo by 9.1% during the fourth quarter. Vanguard Group Inc. now owns 7,721,855 shares of the company's stock worth $318,449,000 after buying an additional 646,628 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Klaviyo by 5.0% in the 4th quarter. Bank of New York Mellon Corp now owns 2,926,187 shares of the company's stock worth $120,676,000 after acquiring an additional 140,127 shares in the last quarter. Clearbridge Investments LLC grew its position in Klaviyo by 0.9% during the 4th quarter. Clearbridge Investments LLC now owns 2,168,336 shares of the company's stock worth $89,422,000 after acquiring an additional 19,567 shares during the last quarter. Franklin Resources Inc. increased its holdings in Klaviyo by 48.6% during the 4th quarter. Franklin Resources Inc. now owns 1,943,523 shares of the company's stock valued at $80,151,000 after purchasing an additional 635,962 shares in the last quarter. Finally, Voya Investment Management LLC increased its holdings in Klaviyo by 47.1% during the 4th quarter. Voya Investment Management LLC now owns 1,851,679 shares of the company's stock valued at $76,363,000 after purchasing an additional 592,884 shares in the last quarter. 45.43% of the stock is currently owned by institutional investors.

Klaviyo Stock Up 1.6%

NYSE KVYO traded up $0.55 on Friday, reaching $34.06. The company had a trading volume of 2,091,264 shares, compared to its average volume of 1,510,880. Klaviyo, Inc. has a 52 week low of $21.26 and a 52 week high of $49.55. The stock's 50 day moving average is $30.66 and its 200-day moving average is $37.03. The stock has a market cap of $10.12 billion, a price-to-earnings ratio of -189.22 and a beta of 1.35.

Klaviyo (NYSE:KVYO - Get Free Report) last announced 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 during the quarter, compared to analysts' expectations of $267.79 million. Klaviyo had a positive return on equity of 0.89% and a negative net margin of 4.92%. Klaviyo's revenue was up 33.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 EPS. As a group, analysts forecast that Klaviyo, Inc. will post 0.04 EPS for the current year.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, 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 completion of the transaction, the president now directly owns 246,254 shares of the company's stock, valued at approximately $8,638,590.32. The trade was a 12.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Jeff Fagnan purchased 3,900 shares of the company's stock in a transaction dated Wednesday, April 9th. The shares were acquired at an average cost of $25.77 per share, for a total transaction of $100,503.00. Following the transaction, the insider now owns 3,900 shares of the company's stock, valued at $100,503. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 6,124,030 shares of company stock valued at $201,016,032. Corporate insiders own 49.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on KVYO. William Blair reissued an "outperform" rating on shares of Klaviyo in a research note on Thursday, February 20th. Morgan Stanley cut their price target on Klaviyo from $50.00 to $34.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Needham & Company LLC decreased their price objective 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. Cantor Fitzgerald raised their price objective on shares of Klaviyo from $47.00 to $54.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Finally, Mizuho reduced their target price 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. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Klaviyo has a consensus rating of "Moderate Buy" and a consensus price target of $43.11.

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.