Insider Selling: Klaviyo, Inc. (NYSE:KVYO) CFO Sells $590,850.00 in Stock

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction on Friday, December 13th. The shares were sold at an average price of $39.39, for a total transaction of $590,850.00. Following the sale, the chief financial officer now directly owns 391,820 shares of the company’s stock, valued at $15,433,789.80. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, December 9th, Amanda Whalen sold 1,050 shares of Klaviyo stock. The shares were sold at an average price of $40.07, for a total value of $42,073.50.
• On Friday, December 6th, Amanda Whalen sold 23,950 shares of Klaviyo stock. The stock was sold at an average price of $40.04, for a total value of $958,958.00.
• On Monday, November 18th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The shares were sold at an average price of $34.56, for a total value of $518,400.00.
• 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 transaction of $353,600.00.

Klaviyo Trading Down 0.5 %

Shares of Klaviyo stock opened at $39.06 on Monday. Klaviyo, Inc. has a 1 year low of $21.26 and a 1 year high of $41.00. The company’s fifty day simple moving average is $37.41 and its 200-day simple moving average is $31.16. The company has a market cap of $10.53 billion, a price-to-earnings ratio of -217.00 and a beta of 0.97.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.04. The company had revenue of $235.09 million for 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 business’s revenue was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.24) EPS. As a group, research analysts forecast that Klaviyo, Inc. will post 0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Klaviyo

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lisanti Capital Growth LLC acquired a new stake in shares of Klaviyo during the 3rd quarter worth approximately $5,513,000. Pier 88 Investment Partners LLC bought a new position in Klaviyo in the third quarter worth $966,000. SpiderRock Advisors LLC boosted its stake in Klaviyo by 1,571.7% during the third quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company’s stock worth $17,743,000 after buying an additional 471,500 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Klaviyo in the 3rd quarter valued at $5,113,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Klaviyo in the 2nd quarter valued at $747,000. 45.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KVYO. Robert W. Baird increased their price target on shares of Klaviyo from $42.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Canaccord Genuity Group increased 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. Piper Sandler boosted their price target on Klaviyo from $34.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Benchmark lowered their price objective on Klaviyo from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Needham & Company LLC raised their price objective on Klaviyo from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.69.

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.