Claro Advisors LLC Has $48.59 Million Stake in Klaviyo, Inc. (NYSE:KVYO)

Claro Advisors LLC cut its position in shares of Klaviyo, Inc. (NYSE:KVYOFree Report) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,178,330 shares of the company’s stock after selling 57,463 shares during the period. Klaviyo accounts for 6.6% of Claro Advisors LLC’s portfolio, making the stock its largest holding. Claro Advisors LLC’s holdings in Klaviyo were worth $48,594,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. lifted its stake in shares of Klaviyo by 145.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after buying an additional 808 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Klaviyo during the third quarter worth approximately $53,000. West Tower Group LLC acquired a new position in shares of Klaviyo in the third quarter valued at approximately $177,000. Victory Capital Management Inc. bought a new position in shares of Klaviyo during the third quarter worth approximately $208,000. Finally, William Marsh Rice University bought a new position in Klaviyo during the 3rd quarter worth $245,000. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KVYO has been the subject of a number of recent research reports. Needham & Company LLC boosted their target price on shares of Klaviyo from $40.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Loop Capital raised their target price on shares of Klaviyo from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Cantor Fitzgerald boosted their price target on Klaviyo from $33.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Stifel Nicolaus assumed coverage on Klaviyo in a report on Tuesday, October 22nd. They issued a “buy” rating and a $45.00 price objective for the company. Finally, Wells Fargo & Company increased their target price on Klaviyo from $37.00 to $41.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $42.29.

View Our Latest Stock Analysis on Klaviyo

Insider Activity

In related news, President Stephen Eric Rowland sold 4,536 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $34.56, for a total transaction of $156,764.16. Following the completion of the sale, the president now owns 186,785 shares of the company’s stock, valued at $6,455,289.60. This trade represents a 2.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Amanda Whalen sold 15,000 shares of Klaviyo 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 owns 395,616 shares of the company’s stock, valued at approximately $13,672,488.96. The trade was a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 172,650 shares of company stock valued at $6,582,805. Company insiders own 53.24% of the company’s stock.

Klaviyo Trading Down 1.6 %

NYSE:KVYO traded down $0.63 during mid-day trading on Monday, hitting $38.78. 472,508 shares of the company’s stock were exchanged, compared to its average volume of 823,245. Klaviyo, Inc. has a fifty-two week low of $21.26 and a fifty-two week high of $44.77. The company has a 50 day simple moving average of $39.24 and a 200-day simple moving average of $33.91. The firm has a market capitalization of $10.46 billion, a P/E ratio of -215.43 and a beta of 0.57.

Klaviyo (NYSE:KVYOGet Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $235.09 million during the quarter, compared to the consensus estimate of $226.33 million. Klaviyo had a positive return on equity of 0.86% and a negative net margin of 5.23%. Klaviyo’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period in the prior year, the business posted ($1.24) earnings per share. As a group, analysts expect that Klaviyo, Inc. will post 0.03 earnings per share for the current year.

Klaviyo Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Klaviyo (NYSE:KVYO)

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