Stephen Eric Rowland Sells 7,105 Shares of Klaviyo (NYSE:KVYO) Stock

Key Points

• Stephen Eric Rowland, President of Klaviyo, sold 7,105 shares of the company's stock for approximately $223,523, which represents a 1.57% decrease in his holdings.
• Klaviyo's stock recently traded at $31.62 with a market capitalization of $9.49 billion, and the company reported a 31.9% revenue increase year-over-year.
• Analysts have issued varied ratings on Klaviyo, with the consensus target price set at $43.65, highlighting a mix of bullish and bearish sentiments about its stock performance.

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) President Stephen Eric Rowland sold 7,105 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $31.46, for a total transaction of $223,523.30. Following the transaction, the president directly owned 445,726 shares in the company, valued at approximately $14,022,539.96. The trade was a 1.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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 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.

Klaviyo Stock Performance

Shares of KVYO stock traded down $0.4010 on Tuesday, hitting $31.6190. 1,611,849 shares of the stock traded hands, compared to its average volume of 2,556,863. The firm's 50-day moving average price is $32.62 and its two-hundred day moving average price is $33.99. The stock has a market capitalization of $9.49 billion, a PE ratio of -126.48 and a beta of 1.36. Klaviyo, Inc. has a twelve month low of $23.77 and a twelve month high of $49.55.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $293.12 million for the quarter, compared to analysts' expectations of $275.97 million. Klaviyo had a negative net margin of 6.19% and a negative return on equity of 1.12%. The company's revenue was up 31.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts anticipate that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on KVYO. Zacks Research upgraded shares of Klaviyo to a "strong sell" rating in a report on Friday, August 8th. Robert W. Baird reduced their price objective on shares of Klaviyo from $54.00 to $37.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Needham & Company LLC reduced their price objective on shares of Klaviyo from $56.00 to $45.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Cantor Fitzgerald upgraded shares of Klaviyo to an "overweight" rating and set a $48.00 price objective on the stock in a report on Tuesday, June 3rd. Finally, Citigroup upgraded shares of Klaviyo from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $40.00 to $50.00 in a research note on Thursday, August 7th. Eighteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Klaviyo currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.65.

Institutional Investors Weigh In On Klaviyo

Several large investors have recently modified their holdings of the stock. TFC Financial Management Inc. purchased a new position in Klaviyo in the first quarter worth $27,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Klaviyo in the second quarter worth $31,000. CWM LLC raised its position in Klaviyo by 227.5% in the first quarter. CWM LLC now owns 930 shares of the company's stock worth $28,000 after acquiring an additional 646 shares in the last quarter. First Horizon Advisors Inc. purchased a new position in Klaviyo in the second quarter worth $37,000. Finally, State of Wyoming purchased a new position in Klaviyo in the first quarter worth $42,000. Hedge funds and other institutional investors own 45.43% of the company's stock.

About Klaviyo

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.

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