Insider Selling: Klaviyo (NYSE:KVYO) President Sells 7,105 Shares of Stock

Key Points

• Klaviyo President Stephen Eric Rowland sold 7,105 shares of the company's stock at an average price of $24.35, totaling around $173,007, which represents a 1.62% decrease in his ownership.
• As of the latest trading update, Klaviyo's stock is valued at $23.75, down 1.1% with a market cap of $7.12 billion and a PE ratio of -95.00.
• Analysts have varying opinions on Klaviyo, with Stifel Nicolaus lowering the price target to $40.00, while Morgan Stanley upgraded it to $50.00, indicating a mix of caution and optimism.

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) President Stephen Eric Rowland sold 7,105 shares of the firm's stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $24.35, for a total transaction of $173,006.75. Following the completion of the transaction, the president directly owned 431,516 shares in the company, valued at $10,507,414.60. This represents a 1.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Stephen Eric Rowland also recently made the following trade(s):

• On Monday, August 18th, Stephen Eric Rowland sold 7,105 shares of Klaviyo stock. The stock was sold at an average price of $31.46, for a total transaction of $223,523.30.

Klaviyo Trading Down 1.1%

NYSE KVYO traded down $0.27 during trading hours on Thursday, reaching $23.75. The company's stock had a trading volume of 3,041,680 shares, compared to its average volume of 2,128,716. The business has a 50-day simple moving average of $30.67 and a 200 day simple moving average of $31.41. Klaviyo, Inc. has a 52 week low of $23.48 and a 52 week high of $49.55. The stock has a market cap of $7.12 billion, a PE ratio of -95.00 and a beta of 1.26.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings results on Thursday, September 25th. The company reported $0.16 EPS for the quarter. Klaviyo had a negative net margin of 6.19% and a negative return on equity of 1.12%. The company had revenue of $293.12 million for the quarter. As a group, equities analysts predict that Klaviyo, Inc. will post 0.04 EPS for the current year.

Analysts Set New Price Targets

KVYO has been the topic of several analyst reports. Stifel Nicolaus dropped their price target on shares of Klaviyo from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Tuesday, July 15th. Stephens dropped their price target on shares of Klaviyo from $45.00 to $43.00 and set an "overweight" rating on the stock in a research note on Friday, September 26th. Zacks Research upgraded shares of Klaviyo to a "strong sell" rating in a research note on Friday, August 8th. Morgan Stanley upgraded shares of Klaviyo from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $40.00 to $50.00 in a research note on Friday, September 19th. Finally, Benchmark raised their price target on shares of Klaviyo from $44.00 to $46.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Nineteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $44.30.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. TFC Financial Management Inc. bought a new stake in Klaviyo during the first quarter worth approximately $27,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Klaviyo during the second quarter worth approximately $31,000. CWM LLC boosted its holdings in Klaviyo by 227.5% during the first quarter. CWM LLC now owns 930 shares of the company's stock worth $28,000 after buying an additional 646 shares in the last quarter. First Horizon Advisors Inc. bought a new stake in Klaviyo during the second quarter worth approximately $37,000. Finally, State of Wyoming bought a new stake in Klaviyo during the first quarter worth approximately $42,000. Institutional investors and hedge funds own 45.43% 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.

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