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

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $45.85, for a total transaction of $687,750.00. Following the sale, the chief financial officer now directly owns 376,820 shares of the company’s stock, valued at $17,277,197. The trade was a 3.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Friday, January 10th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The shares were sold at an average price of $39.18, for a total transaction of $587,700.00.
• On Friday, December 13th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The stock was sold at an average price of $39.39, for a total transaction of $590,850.00.
• On Monday, December 9th, Amanda Whalen sold 1,050 shares of Klaviyo stock. The stock was 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 shares were 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 stock was sold at an average price of $34.56, for a total value of $518,400.00.

Klaviyo Stock Up 2.8 %

KVYO stock opened at $48.02 on Wednesday. The company has a 50-day simple moving average of $41.30 and a 200 day simple moving average of $35.97. The company has a market capitalization of $12.95 billion, a P/E ratio of -266.74 and a beta of 0.60. Klaviyo, Inc. has a fifty-two week low of $21.26 and a fifty-two week high of $48.73.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on KVYO. Loop Capital raised their price objective on Klaviyo from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Scotiabank lifted their price target on shares of Klaviyo from $35.00 to $45.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Barclays boosted their price objective on shares of Klaviyo from $32.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Canaccord Genuity Group raised their target price on shares of Klaviyo from $32.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, KeyCorp upped their target price on Klaviyo from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Klaviyo presently has an average rating of “Moderate Buy” and a consensus target price of $43.18.

Institutional Investors Weigh In On Klaviyo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its position 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 valued at $48,000 after purchasing an additional 808 shares in the last quarter. nVerses Capital LLC acquired a new stake in Klaviyo during the third quarter valued at approximately $53,000. West Tower Group LLC acquired a new stake in Klaviyo during the third quarter valued at approximately $177,000. Victory Capital Management Inc. bought a new stake in Klaviyo during the third quarter worth approximately $208,000. Finally, William Marsh Rice University acquired a new position in Klaviyo in the third quarter worth approximately $245,000. 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.