Amanda Whalen Sells 60,000 Shares of Klaviyo, Inc. (NYSE:KVYO) Stock

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 60,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $30.23, for a total value of $1,813,800.00. Following the completion of the sale, the chief financial officer now directly owns 435,993 shares in the company, valued at approximately $13,180,068.39. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Klaviyo Trading Up 1.0 %

Shares of NYSE:KVYO traded up $0.31 during trading on Friday, reaching $31.09. The company had a trading volume of 3,430,373 shares, compared to its average volume of 1,194,133. Klaviyo, Inc. has a twelve month low of $21.26 and a twelve month high of $39.47. The firm’s fifty day moving average is $24.06 and its 200 day moving average is $24.90.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The company had revenue of $210.00 million during the quarter, compared to the consensus estimate of $202.08 million. Klaviyo’s revenue was up 34.5% on a year-over-year basis. As a group, analysts anticipate that Klaviyo, Inc. will post -0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Cantor Fitzgerald boosted their target price on Klaviyo from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday. Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of Klaviyo in a research report on Friday, May 17th. Piper Sandler increased their price target on Klaviyo from $30.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday. Barclays raised their target price on Klaviyo from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Robert W. Baird reduced their target price on Klaviyo from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Klaviyo presently has a consensus rating of “Moderate Buy” and an average price target of $35.65.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KVYO. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Klaviyo during the fourth quarter worth about $1,780,000. Janus Henderson Group PLC purchased a new stake in shares of Klaviyo during the 1st quarter valued at $662,000. Swiss National Bank purchased a new stake in Klaviyo in the 1st quarter worth about $1,776,000. Jump Financial LLC bought a new position in Klaviyo in the 4th quarter worth about $1,708,000. Finally, Pursue Wealth Partners LLC bought a new stake in shares of Klaviyo during the 4th quarter valued at about $1,753,000. 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.