Insider Selling: Klaviyo (NYSE:KVYO) Director Sells $37,085.04 in Stock

Key Points

• Klaviyo director Susan St. Ledger sold 2,328 shares for approximately $37,085 under a pre-arranged Rule 10b5-1 trading plan, reducing her ownership by 9.04% to 23,433 shares.
• Klaviyo shares rose 6.4% to $17.40. The company recently reported quarterly revenue of $370.58 million, up 26.4% year over year, while earnings matched analysts’ estimates at $0.19 per share.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $27.14; institutional investors own 45.43% of the stock.

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) Director Susan St. Ledger sold 2,328 shares of the business's stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $15.93, for a total transaction of $37,085.04. Following the completion of the transaction, the director owned 23,433 shares of the company's stock, valued at $373,287.69. This represents a 9.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Klaviyo Stock Up 6.4%

Shares of Klaviyo stock traded up $1.04 on Monday, reaching $17.40. The stock had a trading volume of 5,316,990 shares, compared to its average volume of 5,579,490. The company has a 50 day moving average price of $17.96 and a 200 day moving average price of $17.40. Klaviyo, Inc. has a 1 year low of $12.53 and a 1 year high of $36.22. The stock has a market capitalization of $4.95 billion, a P/E ratio of 870.44 and a beta of 0.57.

Klaviyo (NYSE:KVYO - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, meeting analysts' consensus estimates of $0.19. The company had revenue of $370.58 million during the quarter, compared to analysts' expectations of $362.08 million. Klaviyo had a net margin of 0.49% and a return on equity of 5.67%. Klaviyo's revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.16 earnings per share. On average, analysts forecast that Klaviyo, Inc. will post 0.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on KVYO shares. Truist Financial reduced their target price on Klaviyo from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Jefferies Financial Group restated a "buy" rating and set a $21.00 price target on shares of Klaviyo in a research note on Thursday, August 6th. Scotiabank set a $32.00 price target on shares of Klaviyo in a research note on Wednesday, June 17th. Weiss Ratings raised shares of Klaviyo from a "sell (d-)" rating to a "sell (d)" rating in a report on Tuesday, September 8th. Finally, Stephens boosted their price objective on shares of Klaviyo from $24.00 to $25.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $27.14.

Institutional Trading of Klaviyo

Several large investors have recently made changes to their positions in the business. Capital International Investors purchased a new position in shares of Klaviyo during the 4th quarter valued at approximately $415,254,000. California State Teachers Retirement System raised its position in shares of Klaviyo by 1,429.1% in the second quarter. California State Teachers Retirement System now owns 2,376,514 shares of the company's stock worth $35,885,000 after acquiring an additional 2,221,092 shares during the period. Norges Bank purchased a new stake in shares of Klaviyo during the 4th quarter worth about $49,300,000. Capital World Investors acquired a new stake in shares of Klaviyo during the 4th quarter valued at about $37,273,000. Finally, Fiera Capital Corp increased its stake in shares of Klaviyo by 87.7% in the 4th quarter. Fiera Capital Corp now owns 2,331,650 shares of the company's stock valued at $75,709,000 after purchasing an additional 1,089,704 shares in the last quarter. 45.43% of the stock is owned by hedge funds and other institutional investors.

Klaviyo Company Profile

Klaviyo, Inc is a technology company that provides a customer data and marketing automation platform for businesses. Its software helps brands collect, organize and analyze customer information, then use those insights to create targeted communications and personalized marketing campaigns.

The company's platform supports marketing channels including email, SMS messaging, mobile push notifications and on-site experiences. Klaviyo also provides tools for customer segmentation, campaign automation, analytics and reporting, and integrates with e-commerce, payment and other business applications.

Klaviyo primarily serves consumer-focused businesses, including e-commerce brands, retailers and other companies seeking to build direct relationships with customers.

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