Klaviyo (NYSE:KVYO) Reaches New 52-Week Low - What's Next?

Key Points

• Klaviyo's stock reached a new 52-week low, trading as low as $23.61, with its current trading price at $24.15 and a market capitalization of $7.35 billion.
• The company reported a negative net margin of 6.19% and a negative return on equity of 1.12%, with projected earnings per share of 0.04 for the current year.
• Insider activity showed significant sales, with major shareholder Summit Partners selling 4 million shares for approximately $127.5 million, and overall insider sales totaling over 5.5 million shares in the last quarter.

Shares of Klaviyo, Inc. (NYSE:KVYO - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $23.61 and last traded at $24.15, with a volume of 155890 shares trading hands. The stock had previously closed at $24.49.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on KVYO shares. Stifel Nicolaus decreased their price target on shares of Klaviyo from $45.00 to $40.00 and set a "buy" rating for the company in a report on Tuesday, July 15th. Wall Street Zen cut shares of Klaviyo from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Morgan Stanley raised shares of Klaviyo from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $40.00 to $50.00 in a research report on Friday, September 19th. Stephens cut their price objective on shares of Klaviyo from $45.00 to $43.00 and set an "overweight" rating on the stock in a research report on Friday, September 26th. Finally, Macquarie reiterated a "neutral" rating and issued a $37.00 price target on shares of Klaviyo in a research note on Wednesday, August 6th. Nineteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $44.30.

Klaviyo Trading Up 0.1%

The firm's 50 day simple moving average is $31.01 and its 200-day simple moving average is $31.51. The stock has a market capitalization of $7.35 billion, a price-to-earnings ratio of -97.46 and a beta of 1.26.

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

Insider Activity

In other news, major shareholder Summit Partners L. P sold 4,000,000 shares of the business's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $31.87, for a total transaction of $127,480,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ed Hallen sold 89,748 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $31.71, for a total transaction of $2,845,909.08. Following the transaction, the director owned 177,776 shares in the company, valued at $5,637,276.96. This represents a 33.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,571,345 shares of company stock valued at $176,565,904 over the last quarter. 53.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of KVYO. TFC Financial Management Inc. acquired a new position in Klaviyo in the 1st quarter valued at about $27,000. 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. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Klaviyo in the 2nd quarter valued at about $31,000. First Horizon Advisors Inc. acquired a new position in Klaviyo in the 2nd quarter valued at about $37,000. Finally, State of Wyoming acquired a new position in Klaviyo in the 1st quarter valued at about $42,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.