Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen Sells 15,000 Shares

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) CFO Amanda Whalen sold 15,000 shares of the company's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $31.66, for a total transaction of $474,900.00. Following the completion of the sale, the chief financial officer owned 517,831 shares in the company, valued at approximately $16,394,529.46. This trade represents a 2.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Amanda Whalen also recently made the following trade(s):

• On Friday, June 13th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The stock was sold at an average price of $33.47, for a total transaction of $502,050.00.
• On Friday, May 16th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The stock was sold at an average price of $34.98, for a total transaction of $524,700.00.

Klaviyo Trading Up 0.5%

KVYO stock traded up $0.17 during midday trading on Thursday, reaching $31.94. The company had a trading volume of 35,443 shares, compared to its average volume of 1,822,531. Klaviyo, Inc. has a 1 year low of $22.12 and a 1 year high of $49.55. The company has a market capitalization of $9.48 billion, a P/E ratio of -177.51 and a beta of 1.37. The company has a 50 day moving average of $33.68 and a two-hundred day moving average of $35.71.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings results 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 negative net margin of 4.70% and a positive return on equity of 0.74%. The company had revenue of $279.83 million for the quarter, compared to analyst estimates of $267.79 million. During the same quarter in the prior year, the business posted $0.13 EPS. Klaviyo's quarterly revenue was up 33.3% on a year-over-year basis. On average, sell-side analysts anticipate that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of Klaviyo from $45.00 to $40.00 and set a "buy" rating for the company in a report on Tuesday. Wells Fargo & Company upgraded shares of Klaviyo from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $32.00 to $40.00 in a report on Friday, June 13th. Robert W. Baird decreased their price objective on shares of Klaviyo from $54.00 to $37.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. The Goldman Sachs Group decreased their price objective on shares of Klaviyo from $51.00 to $44.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Finally, Benchmark increased their price objective on shares of Klaviyo from $43.00 to $44.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.47.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. grew its stake in Klaviyo by 22.7% in the 1st quarter. Advisors Asset Management Inc. now owns 2,731 shares of the company's stock valued at $83,000 after buying an additional 506 shares during the last quarter. Victory Capital Management Inc. grew its stake in Klaviyo by 10.3% in the 4th quarter. Victory Capital Management Inc. now owns 6,469 shares of the company's stock valued at $267,000 after buying an additional 604 shares during the last quarter. CWM LLC grew its stake in Klaviyo by 227.5% in the 1st quarter. CWM LLC now owns 930 shares of the company's stock valued at $28,000 after buying an additional 646 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Klaviyo by 5.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 14,285 shares of the company's stock valued at $589,000 after buying an additional 677 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Klaviyo by 77.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company's stock worth $77,000 after purchasing an additional 818 shares during the last quarter. Institutional investors and hedge funds own 45.43% of the company's stock.

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.