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

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 15,000 shares of the business’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $25.03, for a total value of $375,450.00. Following the completion of the sale, the chief financial officer owned 481,719 shares in the company, valued at $12,057,426.57. This represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, September 12th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The stock was sold at an average price of $31.50, for a total value of $472,500.00.
• On Friday, August 15th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The stock was sold at an average price of $31.32, for a total value of $469,800.00.

Klaviyo Trading Down 4.3%

NYSE:KVYO opened at $24.51 on Friday. The company has a market capitalization of $7.35 billion, a P/E ratio of -98.02 and a beta of 1.26. Klaviyo, Inc. has a 12 month low of $23.77 and a 12 month high of $49.55. The business’s 50-day moving average is $31.14 and its 200 day moving average is $31.58.

Klaviyo (NYSE:KVYO) last posted its earnings results on Thursday, September 25th. The company reported $0.16 EPS for the quarter. Klaviyo had a negative return on equity of 1.12% and a negative net margin of 6.19%.The company had revenue of $293.12 million for the quarter. On average, research analysts forecast that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

Institutional Investors Weigh In On Klaviyo

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Klaviyo by 9.7% in the 1st quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company’s stock worth $256,240,000 after buying an additional 746,078 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Klaviyo by 10.1% in the 2nd quarter. Alliancebernstein L.P. now owns 4,424,249 shares of the company’s stock worth $148,566,000 after buying an additional 404,969 shares during the last quarter. Sands Capital Alternatives LLC boosted its holdings in Klaviyo by 2.1% in the 2nd quarter. Sands Capital Alternatives LLC now owns 3,515,065 shares of the company’s stock worth $118,036,000 after buying an additional 71,550 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Klaviyo by 9.0% in the 2nd quarter. Federated Hermes Inc. now owns 2,911,007 shares of the company’s stock worth $97,752,000 after buying an additional 241,207 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Klaviyo by 123.4% in the 2nd quarter. American Century Companies Inc. now owns 2,685,480 shares of the company’s stock worth $90,178,000 after buying an additional 1,483,427 shares during the last quarter. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KVYO. Robert W. Baird decreased their price objective on Klaviyo from $44.00 to $39.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Wells Fargo & Company initiated coverage on Klaviyo in a report on Tuesday, September 30th. They issued an “overweight” rating and a $40.00 price target on the stock. Stephens lowered their price objective on Klaviyo from $45.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, September 26th. Citigroup raised Klaviyo from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $40.00 to $50.00 in a research report on Thursday, August 7th. Finally, Benchmark raised their target price on Klaviyo from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Nineteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.30.

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.