Stephen Eric Rowland Sells 7,060 Shares of Klaviyo, Inc. (NYSE:KVYO) Stock

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) President Stephen Eric Rowland sold 7,060 shares of the 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 transaction, the president now owns 447,310 shares of the company's stock, valued at approximately $11,925,284.60. This represents a 1.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Stephen Eric Rowland also recently made the following trade(s):

• On Friday, March 7th, Stephen Eric Rowland sold 36,710 shares of Klaviyo stock. The shares were sold at an average price of $35.08, for a total value of $1,287,786.80.

Klaviyo Stock Performance

Klaviyo stock traded down $0.96 during midday trading on Monday, reaching $24.69. 2,110,272 shares of the stock were exchanged, compared to its average volume of 1,302,020. The company's fifty day moving average is $34.44 and its 200-day moving average is $38.07. Klaviyo, Inc. has a 52 week low of $21.26 and a 52 week high of $49.55. The firm has a market cap of $6.74 billion, a PE ratio of -137.17 and a beta of 1.39.

Klaviyo (NYSE:KVYO - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.12). The business had revenue of $270.16 million for the quarter, compared to analysts' expectations of $257.24 million. Klaviyo had a positive return on equity of 0.89% and a negative net margin of 4.92%. On average, sell-side analysts anticipate that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of KVYO. CIBC Private Wealth Group LLC raised its holdings in Klaviyo by 169.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company's stock worth $72,000 after purchasing an additional 1,102 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Klaviyo by 77.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company's stock worth $77,000 after buying an additional 818 shares during the period. SBI Securities Co. Ltd. bought a new stake in Klaviyo during the 4th quarter valued at approximately $196,000. US Bancorp DE purchased a new position in shares of Klaviyo during the 4th quarter worth approximately $199,000. Finally, Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Klaviyo by 8.0% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,836 shares of the company's stock worth $220,000 after acquiring an additional 359 shares in the last quarter. 45.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Needham & Company LLC increased their price target on Klaviyo from $46.00 to $56.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Mizuho decreased their price target on shares of Klaviyo from $52.00 to $40.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Piper Sandler boosted their price objective on Klaviyo from $50.00 to $53.00 and gave the stock an "overweight" rating in a report on Thursday, February 20th. Scotiabank boosted their price target on Klaviyo from $35.00 to $45.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 29th. Finally, Stifel Nicolaus raised their price target on shares of Klaviyo from $45.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $47.05.

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.