Klaviyo, Inc. (NYSE:KVYO) Stock Position Lifted by Two Sigma Advisers LP

Two Sigma Advisers LP boosted its position in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) by 48.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 997,900 shares of the company's stock after buying an additional 324,400 shares during the period. Two Sigma Advisers LP owned approximately 0.37% of Klaviyo worth $41,153,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Focus Partners Wealth purchased a new position in Klaviyo during the 4th quarter worth $38,870,000. D. E. Shaw & Co. Inc. boosted its position in shares of Klaviyo by 195.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,310,227 shares of the company's stock worth $54,034,000 after purchasing an additional 866,749 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Klaviyo in the 4th quarter worth $30,851,000. Ameriprise Financial Inc. lifted its position in Klaviyo by 229.5% during the 4th quarter. Ameriprise Financial Inc. now owns 982,134 shares of the company's stock worth $40,507,000 after acquiring an additional 684,026 shares during the period. Finally, Vanguard Group Inc. lifted its position in Klaviyo by 9.1% during the 4th quarter. Vanguard Group Inc. now owns 7,721,855 shares of the company's stock worth $318,449,000 after acquiring an additional 646,628 shares during the period. 45.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Klaviyo news, President Stephen Eric Rowland sold 36,710 shares of the stock in a transaction on 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 sale, the president now directly owns 246,254 shares of the company's stock, valued at $8,638,590.32. This trade represents a 12.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Amanda Whalen sold 15,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $33.54, for a total value of $503,100.00. Following the completion of the sale, the chief financial officer now directly owns 349,623 shares in the company, valued at $11,726,355.42. This represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,124,030 shares of company stock worth $201,016,032 over the last ninety days. 49.92% of the stock is owned by insiders.

Klaviyo Price Performance

KVYO traded down $0.27 during trading hours on Friday, hitting $33.43. 1,797,863 shares of the stock were exchanged, compared to its average volume of 1,504,482. The stock has a 50-day simple moving average of $30.62 and a 200-day simple moving average of $37.06. Klaviyo, Inc. has a 12 month low of $21.26 and a 12 month high of $49.55. The stock has a market cap of $9.93 billion, a price-to-earnings ratio of -185.74 and a beta of 1.35.

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

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wells Fargo & Company lifted their price target on Klaviyo from $26.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Piper Sandler boosted their price objective on Klaviyo from $35.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Barclays boosted their price objective on Klaviyo from $35.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Stifel Nicolaus boosted their price objective on Klaviyo from $45.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Finally, Needham & Company LLC decreased their price objective on Klaviyo from $56.00 to $45.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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.