Two Sigma Investments LP Has $46.37 Million Holdings in Klaviyo, Inc. (NYSE:KVYO)

Two Sigma Investments LP boosted its holdings in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) by 53.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,124,433 shares of the company's stock after purchasing an additional 389,779 shares during the period. Two Sigma Investments LP owned 0.42% of Klaviyo worth $46,372,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Focus Partners Wealth bought a new position in shares of Klaviyo in the fourth quarter valued at about $38,870,000. D. E. Shaw & Co. Inc. increased its position in Klaviyo by 195.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,310,227 shares of the company's stock valued at $54,034,000 after acquiring an additional 866,749 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Klaviyo in the fourth quarter worth about $30,851,000. Ameriprise Financial Inc. lifted its position in shares of Klaviyo by 229.5% during the fourth quarter. Ameriprise Financial Inc. now owns 982,134 shares of the company's stock worth $40,507,000 after purchasing an additional 684,026 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of 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 purchasing an additional 646,628 shares in the last quarter. Institutional investors own 45.43% of the company's stock.

Klaviyo Stock Down 2.0%

Shares of NYSE KVYO opened at $34.50 on Tuesday. The company's fifty day moving average is $30.56 and its 200-day moving average is $37.21. The stock has a market cap of $10.25 billion, a price-to-earnings ratio of -191.67 and a beta of 1.35. 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 issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.14 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 business had revenue of $279.83 million for the quarter, compared to the consensus estimate of $267.79 million. During the same quarter last year, the business posted $0.13 EPS. The firm's revenue was up 33.3% compared to the same quarter last year. On average, research analysts anticipate that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Benchmark raised their price target on shares of Klaviyo from $43.00 to $44.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Morgan Stanley dropped their target price on Klaviyo from $50.00 to $34.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Cantor Fitzgerald upped their price target on Klaviyo from $47.00 to $54.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th. Truist Financial lowered their price objective on Klaviyo from $55.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, Stifel Nicolaus boosted 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. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Klaviyo currently has an average rating of "Moderate Buy" and a consensus price target of $43.11.

Insider Transactions at Klaviyo

In related news, CFO Amanda Whalen sold 15,000 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $34.98, for a total value of $524,700.00. Following the completion of the transaction, the chief financial officer now directly owns 521,627 shares of the company's stock, valued at approximately $18,246,512.46. This represents a 2.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Summit Partners L. P sold 2,000,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $32.44, for a total value of $64,880,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,124,030 shares of company stock valued at $69,016,032 over the last 90 days. 49.92% of the stock is owned by company insiders.

About Klaviyo

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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