Klaviyo, Inc. (NYSE:KVYO) President Stephen Eric Rowland Sells 7,079 Shares

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) President Stephen Eric Rowland sold 7,079 shares of Klaviyo stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $31.56, for a total transaction of $223,413.24. Following the completion of the sale, the president owned 435,845 shares of the company's stock, valued at approximately $13,755,268.20. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, July 15th, Stephen Eric Rowland sold 7,079 shares of Klaviyo stock. The shares were sold at an average price of $31.56, for a total transaction of $223,413.24.
• On Friday, May 16th, Stephen Eric Rowland sold 7,079 shares of Klaviyo stock. The shares were sold at an average price of $34.86, for a total transaction of $246,773.94.
• On Thursday, May 15th, Stephen Eric Rowland sold 7,060 shares of Klaviyo stock. The shares were sold at an average price of $35.00, for a total value of $247,100.00.

Klaviyo Stock Up 0.3%

Shares of Klaviyo stock traded up $0.09 during trading on Friday, reaching $32.21. 670,706 shares of the stock were exchanged, compared to its average volume of 1,560,665. The firm has a market cap of $9.57 billion, a price-to-earnings ratio of -178.93 and a beta of 1.37. Klaviyo, Inc. has a 1 year low of $22.12 and a 1 year high of $49.55. The stock's fifty day moving average is $33.65 and its 200 day moving average is $35.64.

Klaviyo (NYSE:KVYO - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. Klaviyo had a positive return on equity of 0.74% and a negative net margin of 4.70%. The firm had revenue of $279.83 million for the quarter, compared to analyst estimates of $267.79 million. During the same period last year, the company earned $0.13 EPS. The business's quarterly revenue was up 33.3% compared to the same quarter last year. Equities analysts forecast that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on KVYO shares. Robert W. Baird reduced their target price on Klaviyo from $54.00 to $37.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Truist Financial reduced their target price on Klaviyo from $55.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Morgan Stanley reduced their target price on Klaviyo from $50.00 to $34.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Scotiabank set a $35.00 target price on Klaviyo and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Finally, Piper Sandler boosted their target price on shares of Klaviyo from $35.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $42.47.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in KVYO. Ballentine Partners LLC purchased a new position in shares of Klaviyo during the second quarter valued at about $345,000. Counterpoint Mutual Funds LLC bought a new stake in Klaviyo during the 2nd quarter valued at approximately $731,000. Moody National Bank Trust Division purchased a new position in shares of Klaviyo during the 2nd quarter worth approximately $1,182,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Klaviyo in the 2nd quarter worth approximately $256,000. Finally, Parallel Advisors LLC lifted its stake in shares of Klaviyo by 17,273.3% in the 2nd quarter. Parallel Advisors LLC now owns 2,606 shares of the company's stock valued at $88,000 after purchasing an additional 2,591 shares during the period. 45.43% of the stock is owned by hedge funds and other institutional investors.

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.