Klaviyo (NYSE:KVYO) Director Sells $37,085.04 in Stock

Klaviyo, Inc. (NYSE:KVYO – Get Free Report) Director Susan St. Ledger sold 2,328 shares of Klaviyo stock in a transaction on Friday, September 11th. The shares were sold at an average price of $15.93, for a total transaction of $37,085.04. Following the completion of the sale, the director directly owned 23,433 shares in the company, valued at $373,287.69. This represents a 9.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Klaviyo Trading Up 6.4%

KVYO traded up $1.04 during midday trading on Monday, hitting $17.40. 5,316,990 shares of the company traded hands, compared to its average volume of 5,579,490. The business has a 50 day simple moving average of $17.96 and a two-hundred day simple moving average of $17.40. Klaviyo, Inc. has a 52-week low of $12.53 and a 52-week high of $36.22. The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of 870.44 and a beta of 0.57.

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Klaviyo (NYSE:KVYO – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. Klaviyo had a net margin of 0.49% and a return on equity of 5.67%. The firm had revenue of $370.58 million for the quarter, compared to analyst estimates of $362.08 million. During the same period last year, the company posted $0.16 EPS. Klaviyo’s quarterly revenue was up 26.4% compared to the same quarter last year. Equities research analysts anticipate that Klaviyo, Inc. will post 0.2 earnings per share for the current year.

Institutional Investors Weigh In On Klaviyo

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Capital International Investors purchased a new stake in shares of Klaviyo during the 4th quarter valued at approximately $415,254,000. Sands Capital Alternatives LLC raised its position in Klaviyo by 3.8% in the fourth quarter. Sands Capital Alternatives LLC now owns 3,649,678 shares of the company’s stock valued at $118,505,000 after purchasing an additional 134,613 shares during the period. Fiera Capital Corp lifted its stake in shares of Klaviyo by 87.7% in the 4th quarter. Fiera Capital Corp now owns 2,331,650 shares of the company’s stock valued at $75,709,000 after purchasing an additional 1,089,704 shares during the last quarter. Norges Bank purchased a new position in shares of Klaviyo during the 4th quarter worth $49,300,000. Finally, Capital World Investors acquired a new stake in shares of Klaviyo during the 4th quarter worth about $37,273,000. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Scotiabank set a $32.00 price objective on Klaviyo in a report on Wednesday, June 17th. Canaccord Genuity Group lowered their price target on shares of Klaviyo from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Jefferies Financial Group reaffirmed a “buy” rating and set a $21.00 price objective on shares of Klaviyo in a research note on Thursday, August 6th. Citigroup reiterated a “buy” rating on shares of Klaviyo in a report on Tuesday, September 8th. Finally, Needham & Company LLC restated a “buy” rating on shares of Klaviyo in a report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $27.14.

View Our Latest Stock Analysis on KVYO

About Klaviyo

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Klaviyo, Inc is a technology company that provides a customer data and marketing automation platform for businesses. Its software helps brands collect, organize and analyze customer information, then use those insights to create targeted communications and personalized marketing campaigns.

The company’s platform supports marketing channels including email, SMS messaging, mobile push notifications and on-site experiences. Klaviyo also provides tools for customer segmentation, campaign automation, analytics and reporting, and integrates with e-commerce, payment and other business applications.

Klaviyo primarily serves consumer-focused businesses, including e-commerce brands, retailers and other companies seeking to build direct relationships with customers.

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