Diker Management LLC Sells 48,359 Shares of Klaviyo, Inc. (NYSE:KVYO)

Diker Management LLC cut its stake in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) by 32.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 100,000 shares of the company's stock after selling 48,359 shares during the period. Klaviyo comprises about 3.6% of Diker Management LLC's investment portfolio, making the stock its 5th biggest position. Diker Management LLC's holdings in Klaviyo were worth $4,124,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. CIBC Private Wealth Group LLC lifted its position in Klaviyo by 169.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company's stock valued at $72,000 after purchasing an additional 1,102 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Klaviyo by 77.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company's stock valued at $77,000 after acquiring an additional 818 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Klaviyo in the fourth quarter worth about $196,000. US Bancorp DE bought a new stake in Klaviyo during the fourth quarter worth approximately $199,000. Finally, Keybank National Association OH purchased a new stake in Klaviyo during the fourth quarter valued at approximately $203,000. Institutional investors own 45.43% of the company's stock.

Insider Buying and Selling

In other Klaviyo news, President Stephen Eric Rowland sold 7,060 shares of Klaviyo stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $26.66, for a total transaction of $188,219.60. Following the completion of the sale, the president now directly owns 447,310 shares in the company, valued at approximately $11,925,284.60. The trade was a 1.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Amanda Whalen sold 15,000 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $26.70, for a total transaction of $400,500.00. Following the completion of the sale, the chief financial officer now owns 553,943 shares in the company, valued at $14,790,278.10. The trade was a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,073,770 shares of company stock valued at $67,259,606 over the last quarter. 49.92% of the stock is currently owned by company insiders.

Klaviyo Trading Up 0.4 %

Shares of KVYO stock traded up $0.14 during trading hours on Friday, reaching $33.38. 1,937,400 shares of the company's stock were exchanged, compared to its average volume of 1,404,591. Klaviyo, Inc. has a fifty-two week low of $21.26 and a fifty-two week high of $49.55. The stock's 50 day moving average is $30.54 and its 200-day moving average is $37.37. The company has a market cap of $9.12 billion, a price-to-earnings ratio of -185.44 and a beta of 1.35.

Klaviyo (NYSE:KVYO - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $279.83 million for the quarter, compared to the consensus estimate of $267.79 million. Klaviyo had a positive return on equity of 0.89% and a negative net margin of 4.92%. The firm's revenue was up 33.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS. Equities analysts anticipate that Klaviyo, Inc. will post 0.04 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on KVYO. Canaccord Genuity Group boosted their target price on Klaviyo from $40.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Needham & Company LLC cut their price objective on shares of Klaviyo from $56.00 to $45.00 and set a "buy" rating on the stock in a research report on Wednesday. Mizuho lowered their target price on shares of Klaviyo from $52.00 to $40.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Barclays upped their price target on shares of Klaviyo from $35.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, Piper Sandler raised their price objective on shares of Klaviyo from $35.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat.com, Klaviyo has an average rating of "Moderate Buy" and a consensus target price of $43.11.

Klaviyo 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.