Voya Investment Management LLC Increases Holdings in Klaviyo, Inc. (NYSE:KVYO)

Voya Investment Management LLC raised its position in Klaviyo, Inc. (NYSE:KVYO - Free Report) by 47.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,851,679 shares of the company's stock after purchasing an additional 592,884 shares during the period. Voya Investment Management LLC owned 0.69% of Klaviyo worth $76,363,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich increased its stake in 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 during the last quarter. Victory Capital Management Inc. lifted its position in Klaviyo by 10.3% during the fourth quarter. Victory Capital Management Inc. now owns 6,469 shares of the company's stock valued at $267,000 after purchasing an additional 604 shares during the last quarter. Arizona State Retirement System grew its stake in Klaviyo by 4.0% in the 4th quarter. Arizona State Retirement System now owns 16,854 shares of the company's stock worth $695,000 after buying an additional 648 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Klaviyo by 77.5% in the 4th 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 last quarter. Finally, CIBC Private Wealth Group LLC raised its position in shares of Klaviyo by 169.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company's stock valued at $72,000 after buying an additional 1,102 shares in the last quarter. 45.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KVYO has been the subject of several research analyst reports. Stifel Nicolaus lifted their price target on Klaviyo from $45.00 to $54.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. William Blair reaffirmed an "outperform" rating on shares of Klaviyo in a report on Thursday, February 20th. Robert W. Baird reduced their price target on Klaviyo from $54.00 to $37.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Mizuho lowered their price objective on Klaviyo from $52.00 to $40.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Finally, Wells Fargo & Company lowered their price target on shares of Klaviyo from $45.00 to $26.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $43.47.

Klaviyo Trading Down 0.5 %

NYSE:KVYO traded down $0.16 during trading hours on Wednesday, reaching $29.69. 529,883 shares of the company traded hands, compared to its average volume of 1,338,568. Klaviyo, Inc. has a 1 year low of $21.26 and a 1 year high of $49.55. The business's 50-day moving average price is $31.77 and its two-hundred day moving average price is $37.66. The stock has a market capitalization of $8.11 billion, a P/E ratio of -164.94 and a beta of 1.39.

Klaviyo (NYSE:KVYO - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.12). The business had revenue of $270.16 million during 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, equities analysts anticipate that Klaviyo, Inc. will post 0.04 EPS for the current year.

Insiders Place Their Bets

In other Klaviyo news, President Stephen Eric Rowland sold 36,710 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $35.08, for a total value of $1,287,786.80. Following the transaction, the president now directly owns 246,254 shares in the company, valued at approximately $8,638,590.32. This trade represents a 12.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Jeff Fagnan acquired 3,900 shares of the business's stock in a transaction dated Wednesday, April 9th. The shares were acquired at an average cost of $25.77 per share, with a total value of $100,503.00. Following the transaction, the insider now owns 3,900 shares in the company, valued at approximately $100,503. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 2,088,770 shares of company stock valued at $67,947,356. 53.24% of the stock is owned by insiders.

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.