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

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $33.54, for a total value of $503,100.00. Following the sale, the chief financial officer now directly owns 349,623 shares of the company’s stock, valued at $11,726,355.42. The trade was a 4.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, February 3rd, Amanda Whalen sold 15,000 shares of Klaviyo stock. The shares were sold at an average price of $45.85, for a total value of $687,750.00.
• 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 value of $587,700.00.

Klaviyo Stock Performance

KVYO opened at $32.11 on Wednesday. The firm has a market cap of $8.77 billion, a price-to-earnings ratio of -178.40 and a beta of 0.86. The firm’s 50-day simple moving average is $41.68 and its 200-day simple moving average is $38.73. Klaviyo, Inc. has a twelve month low of $21.26 and a twelve month high of $49.55.

Klaviyo (NYSE:KVYO) last issued 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). Klaviyo had a positive return on equity of 0.89% and a negative net margin of 4.92%. The firm had revenue of $270.16 million for the quarter, compared to the consensus estimate of $257.24 million. As a group, sell-side analysts anticipate that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

KVYO has been the subject of a number of research analyst reports. KeyCorp upped their price target on Klaviyo from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Stifel Nicolaus increased their price target on shares of Klaviyo from $45.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Citigroup boosted their price objective on shares of Klaviyo from $39.00 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Barclays increased their target price on shares of Klaviyo from $47.00 to $51.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Finally, Piper Sandler boosted their price target on Klaviyo from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $49.44.

Institutional Investors Weigh In On Klaviyo

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. grew its holdings in shares of Klaviyo by 145.6% during the third quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after purchasing an additional 808 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in Klaviyo by 169.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company’s stock valued at $72,000 after acquiring an additional 1,102 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of 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 acquiring an additional 818 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Klaviyo during the fourth quarter worth approximately $196,000. Finally, US Bancorp DE bought a new stake in shares of Klaviyo during the fourth quarter valued at approximately $199,000. 45.43% of the stock is owned by institutional investors and hedge funds.

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.