575,276 Shares in Klaviyo, Inc. (NYSE:KVYO) Acquired by Federated Hermes Inc.

Federated Hermes Inc. bought a new stake in Klaviyo, Inc. (NYSE:KVYO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 575,276 shares of the company's stock, valued at approximately $15,981,000. Federated Hermes Inc. owned 0.22% of Klaviyo as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in KVYO. Salem Investment Counselors Inc. acquired a new position in Klaviyo in the fourth quarter worth about $25,000. New York State Common Retirement Fund acquired a new position in Klaviyo in the third quarter worth about $65,000. Skylands Capital LLC acquired a new position in Klaviyo in the third quarter worth about $172,000. Moody National Bank Trust Division acquired a new position in Klaviyo in the fourth quarter worth about $231,000. Finally, Renaissance Capital LLC acquired a new position in Klaviyo in the fourth quarter worth about $341,000. Institutional investors own 45.43% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on KVYO. KeyCorp began coverage on shares of Klaviyo in a research report on Thursday, March 21st. They issued a "sector weight" rating for the company. Piper Sandler reaffirmed an "overweight" rating and set a $38.00 price objective on shares of Klaviyo in a report on Wednesday, February 28th. FBN Securities assumed coverage on shares of Klaviyo in a report on Wednesday, March 20th. They set an "outperform" rating and a $35.00 price objective for the company. Barclays dropped their price objective on shares of Klaviyo from $37.00 to $32.00 and set an "equal weight" rating for the company in a report on Friday, January 12th. Finally, William Blair reaffirmed an "outperform" rating on shares of Klaviyo in a report on Wednesday, February 28th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Klaviyo presently has an average rating of "Moderate Buy" and a consensus target price of $36.88.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, insider Landon Edmond sold 3,545 shares of the firm's stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $24.15, for a total value of $85,611.75. Following the transaction, the insider now directly owns 167,127 shares of the company's stock, valued at $4,036,117.05. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Klaviyo Price Performance

Shares of KVYO traded up $0.41 during mid-day trading on Tuesday, hitting $23.38. 585,158 shares of the company traded hands, compared to its average volume of 1,148,915. Klaviyo, Inc. has a one year low of $22.37 and a one year high of $39.47. The business has a 50-day moving average of $25.80 and a 200 day moving average of $27.49.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.02. The business had revenue of $201.62 million during the quarter, compared to the consensus estimate of $196.02 million. Sell-side analysts anticipate that Klaviyo, Inc. will post -0.27 earnings per share for the current fiscal year.

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.