Stanley Laman Group Ltd. Makes New $4.85 Million Investment in Klaviyo, Inc. (NYSE:KVYO)

Stanley Laman Group Ltd. purchased a new position in Klaviyo, Inc. (NYSE:KVYO - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 160,177 shares of the company's stock, valued at approximately $4,847,000. Stanley Laman Group Ltd. owned about 0.06% of Klaviyo as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the business. CIBC Private Wealth Group LLC boosted its position in Klaviyo by 169.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company's stock valued at $72,000 after purchasing an additional 1,102 shares during the period. Tower Research Capital LLC TRC lifted its stake in Klaviyo by 77.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company's stock valued at $77,000 after buying an additional 818 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Klaviyo during the fourth quarter valued at $196,000. US Bancorp DE bought a new position in shares of Klaviyo during the fourth quarter worth about $199,000. Finally, Keybank National Association OH acquired a new stake in shares of Klaviyo in the 4th quarter worth about $203,000. 45.43% of the stock is owned by institutional investors and hedge funds.

Klaviyo Trading Down 0.6%

KVYO stock traded down $0.21 during trading hours on Friday, hitting $33.40. 2,563,837 shares of the stock traded hands, compared to its average volume of 1,542,453. The stock has a 50-day simple moving average of $31.40 and a 200 day simple moving average of $36.90. The company has a market cap of $9.92 billion, a P/E ratio of -185.56 and a beta of 1.44. Klaviyo, Inc. has a one year low of $21.26 and a one year high of $49.55.

Klaviyo (NYSE:KVYO - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $279.83 million during the quarter, compared to the consensus estimate 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 was up 33.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 EPS. Analysts forecast that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

Insider Activity at Klaviyo

In related news, major shareholder Jeff Fagnan acquired 3,900 shares of Klaviyo stock in a transaction dated Wednesday, April 9th. The stock was acquired at an average cost of $25.77 per share, with a total value of $100,503.00. Following the purchase, the insider now directly owns 3,900 shares in the company, valued at $100,503. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Amanda Whalen sold 15,000 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $33.47, for a total value of $502,050.00. Following the sale, the chief financial officer now directly owns 517,831 shares in the company, valued at $17,331,803.57. This trade represents a 2.82% 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 ninety days. Insiders own 49.92% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on KVYO shares. Canaccord Genuity Group lifted their price objective on shares of Klaviyo from $40.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Truist Financial cut their price target on Klaviyo from $55.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Mizuho reduced their price objective on Klaviyo from $52.00 to $40.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Stifel Nicolaus increased their price objective on Klaviyo from $45.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Finally, Scotiabank set a $35.00 target price on Klaviyo and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.21.

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.