WCM Investment Management LLC Acquires New Holdings in Klaviyo, Inc. (NYSE:KVYO)

WCM Investment Management LLC bought a new position in Klaviyo, Inc. (NYSE:KVYO) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 305,404 shares of the company’s stock, valued at approximately $12,781,000. WCM Investment Management LLC owned approximately 0.11% of Klaviyo at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of KVYO. Wilmington Savings Fund Society FSB increased its holdings in shares of Klaviyo by 17,445.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 16,142 shares of the company’s stock worth $666,000 after purchasing an additional 16,050 shares during the period. Renaissance Capital LLC increased its stake in Klaviyo by 56.4% in the 4th quarter. Renaissance Capital LLC now owns 122,646 shares of the company’s stock worth $5,058,000 after acquiring an additional 44,245 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Klaviyo by 21.4% in the 4th quarter. SG Americas Securities LLC now owns 10,929 shares of the company’s stock valued at $451,000 after acquiring an additional 1,923 shares in the last quarter. Oak Ridge Investments LLC bought a new stake in shares of Klaviyo during the 4th quarter valued at about $1,646,000. Finally, Capital Investment Advisors LLC purchased a new position in shares of Klaviyo during the fourth quarter worth about $621,000. 45.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Klaviyo

In other news, insider Landon Edmond sold 40,000 shares of Klaviyo stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.56, for a total transaction of $1,382,400.00. Following the sale, the insider now owns 236,621 shares of the company’s stock, valued at approximately $8,177,621.76. The trade was a 14.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Stephen Eric Rowland sold 4,536 shares of the stock in a transaction dated 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 transaction, the president now directly owns 186,785 shares of the company’s stock, valued at approximately $6,455,289.60. The trade was a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 174,072 shares of company stock worth $6,778,517. 53.24% of the stock is currently owned by company insiders.

Klaviyo Stock Down 1.4 %

Shares of NYSE KVYO opened at $46.98 on Monday. The company has a market cap of $12.67 billion, a price-to-earnings ratio of -260.99 and a beta of 0.60. The firm’s fifty day moving average is $42.17 and its 200 day moving average is $36.53. Klaviyo, Inc. has a 52 week low of $21.26 and a 52 week high of $48.73.

Analyst Ratings Changes

Several brokerages have issued reports on KVYO. Robert W. Baird lifted their target price on shares of Klaviyo from $42.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Scotiabank upped their target price on shares of Klaviyo from $35.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 29th. William Blair restated an “outperform” rating on shares of Klaviyo in a research report on Thursday, December 19th. Needham & Company LLC upped their price objective on Klaviyo from $40.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Stifel Nicolaus initiated coverage on Klaviyo in a report on Tuesday, October 22nd. They set a “buy” rating and a $45.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.63.

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.