Osterweis Capital Management Inc. Buys 68,988 Shares of Klaviyo, Inc. (NYSE:KVYO)

Osterweis Capital Management Inc. increased its position in Klaviyo, Inc. (NYSE:KVYO - Free Report) by 26.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 333,543 shares of the company's stock after buying an additional 68,988 shares during the quarter. Osterweis Capital Management Inc. owned 0.12% of Klaviyo worth $13,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd bought a new position in shares of Klaviyo in the 4th quarter worth about $374,000. Handelsbanken Fonder AB bought a new position in shares of Klaviyo during the 4th quarter worth about $689,000. Telemark Asset Management LLC bought a new stake in Klaviyo in the 4th quarter valued at about $4,124,000. Renaissance Capital LLC grew its stake in Klaviyo by 56.4% in the fourth quarter. Renaissance Capital LLC now owns 122,646 shares of the company's stock valued at $5,058,000 after acquiring an additional 44,245 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Klaviyo by 1,202.0% in the 3rd quarter. Barclays PLC now owns 12,825 shares of the company's stock worth $453,000 after purchasing an additional 11,840 shares in the last quarter. 45.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KVYO. Piper Sandler upped their price objective on shares of Klaviyo from $50.00 to $53.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Barclays dropped their price target on Klaviyo from $51.00 to $35.00 and set an "overweight" rating on the stock in a research report on Monday. Citigroup increased their target price on shares of Klaviyo from $39.00 to $48.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 11th. Morgan Stanley reduced their price objective on shares of Klaviyo from $50.00 to $34.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, Mizuho cut their target price on Klaviyo from $52.00 to $40.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $46.05.

Klaviyo Trading Down 1.7 %

KVYO stock traded down $0.41 during midday trading on Tuesday, reaching $24.26. 516,373 shares of the company's stock traded hands, compared to its average volume of 1,299,311. The stock has a market cap of $6.63 billion, a P/E ratio of -134.81 and a beta of 1.39. Klaviyo, Inc. has a 52-week low of $21.26 and a 52-week high of $49.55. The stock's 50-day moving average is $33.98 and its 200 day moving average is $38.00.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.12). The company had revenue of $270.16 million for the quarter, compared to the consensus estimate of $257.24 million. Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. As a group, research analysts expect that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Amanda Whalen sold 15,000 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $45.85, for a total value of $687,750.00. Following the completion of the sale, the chief financial officer now directly owns 376,820 shares in the company, valued at $17,277,197. This trade represents a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Stephen Eric Rowland sold 7,060 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was 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 of the company's stock, valued at approximately $11,925,284.60. The trade was a 1.55 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,088,770 shares of company stock valued at $67,947,356. Corporate insiders own 53.24% of the company's stock.

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.