Amanda Whalen Sells 15,000 Shares of Klaviyo, Inc. (NYSE:KVYO) Stock

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 15,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $34.56, for a total value of $518,400.00. Following the completion of the sale, the chief financial officer now directly owns 395,616 shares of the company’s stock, valued at approximately $13,672,488.96. This trade represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Amanda Whalen also recently made the following trade(s):

• On Friday, October 4th, Amanda Whalen sold 10,000 shares of Klaviyo stock. The shares were sold at an average price of $35.36, for a total value of $353,600.00.
• On Friday, September 6th, Amanda Whalen sold 10,000 shares of Klaviyo stock. The shares were sold at an average price of $29.72, for a total value of $297,200.00.

Klaviyo Stock Performance

KVYO stock opened at $35.01 on Thursday. Klaviyo, Inc. has a fifty-two week low of $21.26 and a fifty-two week high of $41.00. The stock has a fifty day moving average of $36.04 and a 200-day moving average of $29.42. The company has a market capitalization of $9.44 billion, a price-to-earnings ratio of -194.50 and a beta of 1.13.

Klaviyo (NYSE:KVYO) last posted its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.04. The firm had revenue of $235.09 million during the quarter, compared to the consensus estimate of $226.33 million. Klaviyo had a negative net margin of 5.23% and a positive return on equity of 0.86%. The company’s revenue was up 33.7% on a year-over-year basis. During the same quarter last year, the company earned ($1.24) earnings per share. Equities analysts predict that Klaviyo, Inc. will post 0.03 EPS for the current year.

Institutional Investors Weigh In On Klaviyo

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC boosted its holdings in shares of Klaviyo by 1,202.0% in the third quarter. Barclays PLC now owns 12,825 shares of the company’s stock worth $453,000 after acquiring an additional 11,840 shares during the period. Geode Capital Management LLC lifted its holdings in Klaviyo by 45.1% during the 3rd quarter. Geode Capital Management LLC now owns 786,186 shares of the company’s stock worth $27,827,000 after purchasing an additional 244,447 shares in the last quarter. Main Management ETF Advisors LLC purchased a new position in Klaviyo during the 3rd quarter valued at about $1,126,000. XTX Topco Ltd grew its holdings in Klaviyo by 79.7% during the 3rd quarter. XTX Topco Ltd now owns 43,775 shares of the company’s stock valued at $1,549,000 after buying an additional 19,412 shares in the last quarter. Finally, Whale Rock Capital Management LLC increased its position in shares of Klaviyo by 608.9% during the third quarter. Whale Rock Capital Management LLC now owns 3,600,606 shares of the company’s stock valued at $127,389,000 after buying an additional 3,092,725 shares during the period. Institutional investors own 45.43% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on KVYO shares. Wells Fargo & Company reiterated a “buy” rating on shares of Klaviyo in a research note on Friday, October 18th. Piper Sandler upped their price objective on shares of Klaviyo from $34.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Canaccord Genuity Group lifted their target price on shares of Klaviyo from $32.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. KeyCorp raised Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 target price for the company in a report on Thursday, August 8th. Finally, Macquarie reiterated a “neutral” rating and set a $36.00 price target on shares of Klaviyo in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

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.