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

Stanley Laman Group Ltd. bought a new position in Klaviyo, Inc. (NYSE:KVYO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 160,177 shares of the company's stock, valued at approximately $4,847,000. Stanley Laman Group Ltd. owned approximately 0.06% of Klaviyo at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. CIBC Private Wealth Group LLC lifted its position in shares of Klaviyo by 169.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company's stock worth $72,000 after purchasing an additional 1,102 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Klaviyo by 77.5% in the 4th 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 period. SBI Securities Co. Ltd. purchased a new stake in Klaviyo in the 4th quarter worth approximately $196,000. US Bancorp DE acquired a new stake in shares of Klaviyo during the 4th quarter valued at $199,000. Finally, Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Klaviyo by 8.0% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,836 shares of the company's stock valued at $220,000 after acquiring an additional 359 shares in the last quarter. Institutional investors and hedge funds own 45.43% of the company's stock.

Insider Transactions at Klaviyo

In other Klaviyo news, President Stephen Eric Rowland sold 7,060 shares of Klaviyo stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $26.66, for a total transaction of $188,219.60. Following the completion of the transaction, the president now directly owns 447,310 shares of the company's stock, valued at approximately $11,925,284.60. This trade represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Amanda Whalen sold 15,000 shares of the company's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $33.47, for a total transaction of $502,050.00. Following the completion of the sale, the chief financial officer now directly owns 517,831 shares in the company, valued at approximately $17,331,803.57. The trade was a 2.82% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,087,320 shares of company stock valued at $268,247,195. Company insiders own 49.92% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. 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. Mizuho cut their price target on Klaviyo from $52.00 to $40.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Needham & Company LLC lowered their price target on Klaviyo from $56.00 to $45.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Piper Sandler increased their price objective on Klaviyo from $35.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Finally, Benchmark lifted their target price on shares of Klaviyo from $43.00 to $44.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, Klaviyo has an average rating of "Moderate Buy" and a consensus target price of $43.21.

Klaviyo Trading Up 3.6%

NYSE:KVYO traded up $1.19 during trading hours on Monday, hitting $34.56. 1,747,631 shares of the company traded hands, compared to its average volume of 1,921,907. The firm has a 50-day moving average of $31.55 and a 200 day moving average of $36.87. The stock has a market capitalization of $10.26 billion, a price-to-earnings ratio of -192.01 and a beta of 1.44. Klaviyo, Inc. has a twelve month low of $21.26 and a twelve month high of $49.55.

Klaviyo (NYSE:KVYO - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. The business had revenue of $279.83 million for 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 quarterly revenue was up 33.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 earnings per share. Equities research analysts predict that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

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.