Klaviyo, Inc. (NYSE:KVYO) Shares Acquired by First Trust Advisors LP

First Trust Advisors LP grew its stake in Klaviyo, Inc. (NYSE:KVYO - Free Report) by 26.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 945,663 shares of the company's stock after acquiring an additional 197,283 shares during the quarter. First Trust Advisors LP owned about 0.35% of Klaviyo worth $38,999,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CIBC Private Wealth Group LLC boosted its holdings in shares of Klaviyo by 169.5% during 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 during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Klaviyo in the 4th quarter worth about $196,000. US Bancorp DE purchased a new stake in Klaviyo in the 4th quarter valued at about $199,000. Keybank National Association OH purchased a new stake in Klaviyo in the 4th quarter valued at about $203,000. Finally, Bank Julius Baer & Co. Ltd Zurich increased its stake 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 during the last quarter. Institutional investors and hedge funds own 45.43% of the company's stock.

Klaviyo Stock Performance

Shares of NYSE KVYO traded up $0.64 during midday trading on Wednesday, reaching $30.49. 2,104,611 shares of the company's stock were exchanged, compared to its average volume of 1,348,075. The stock has a market capitalization of $8.33 billion, a PE ratio of -169.39 and a beta of 1.39. Klaviyo, Inc. has a 52-week low of $21.26 and a 52-week high of $49.55. The business's fifty day moving average price is $31.54 and its two-hundred day moving average price is $37.61.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.12). Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. The business had revenue of $270.16 million during the quarter, compared to analyst estimates of $257.24 million. Analysts predict that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

KVYO has been the topic of a number of recent analyst reports. Stephens began coverage on shares of Klaviyo in a research note on Wednesday, March 19th. They set an "overweight" rating and a $43.00 price target on the stock. Truist Financial cut their target price on Klaviyo from $55.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Needham & Company LLC boosted their price target on Klaviyo from $46.00 to $56.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Canaccord Genuity Group raised their price objective on Klaviyo from $40.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Finally, Stifel Nicolaus boosted their target price on Klaviyo from $45.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $43.47.

Insider Activity at Klaviyo

In other news, major shareholder Summit Partners L. P sold 2,000,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $32.44, for a total value of $64,880,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Amanda Whalen sold 15,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $45.85, for a total transaction of $687,750.00. Following the transaction, the chief financial officer now directly owns 376,820 shares in the company, valued at $17,277,197. The trade was a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,088,770 shares of company stock valued at $67,947,356 over the last ninety days. Corporate insiders own 53.24% of the company's stock.

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.