Klaviyo, Inc. (NYSE:KVYO) President Stephen Eric Rowland Sells 36,710 Shares

Klaviyo, Inc. (NYSE:KVYO) President Stephen Eric Rowland sold 36,710 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $35.08, for a total transaction of $1,287,786.80. Following the completion of the transaction, the president now directly owns 246,254 shares in the company, valued at $8,638,590.32. This trade represents a 12.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Stephen Eric Rowland also recently made the following trade(s):

• On Wednesday, January 15th, Stephen Eric Rowland sold 4,536 shares of Klaviyo stock. The shares were sold at an average price of $40.04, for a total value of $181,621.44.

Klaviyo Trading Down 9.6 %

KVYO stock opened at $34.04 on Friday. The company’s 50 day moving average is $42.92 and its 200 day moving average is $38.57. The stock has a market cap of $9.30 billion, a price-to-earnings ratio of -189.08 and a beta of 0.86. Klaviyo, Inc. has a 1-year low of $21.26 and a 1-year high of $49.55.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings data on Wednesday, February 19th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.12). The company had revenue of $270.16 million during the quarter, compared to the consensus estimate of $257.24 million. Klaviyo had a positive return on equity of 0.89% and a negative net margin of 4.92%. As a group, sell-side analysts forecast that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KVYO has been the topic of a number of research reports. Needham & Company LLC boosted their price objective on Klaviyo from $46.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Mizuho boosted their price objective on Klaviyo from $42.00 to $52.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Barclays boosted their price objective on Klaviyo from $47.00 to $51.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Scotiabank boosted their price objective on Klaviyo from $35.00 to $45.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group boosted their price objective on Klaviyo from $45.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.44.

Institutional Trading of Klaviyo

Several hedge funds and other institutional investors have recently bought and sold shares of KVYO. Advisors Asset Management Inc. boosted its stake in Klaviyo by 145.6% in the third quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after buying an additional 808 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in Klaviyo by 169.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company’s stock worth $72,000 after buying an additional 1,102 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Klaviyo by 77.5% in the fourth 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 in the last quarter. West Tower Group LLC purchased a new stake in Klaviyo in the third quarter worth approximately $177,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Klaviyo in the fourth quarter worth approximately $196,000. Hedge funds and other 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.