Savant Capital LLC Takes $268,000 Position in Klaviyo, Inc. $KVYO

Savant Capital LLC bought a new stake in shares of Klaviyo, Inc. (NYSE:KVYO) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 7,976 shares of the company’s stock, valued at approximately $268,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Klaviyo by 9.7% during the first quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company’s stock valued at $256,240,000 after purchasing an additional 746,078 shares in the last quarter. Encompass More Asset Management bought a new position in shares of Klaviyo during the 1st quarter worth approximately $549,000. Assetmark Inc. boosted its stake in Klaviyo by 316.6% in the 2nd quarter. Assetmark Inc. now owns 62,577 shares of the company’s stock valued at $2,101,000 after buying an additional 47,555 shares in the last quarter. Raymond James Financial Inc. boosted its stake in Klaviyo by 85.4% in the 1st quarter. Raymond James Financial Inc. now owns 545,159 shares of the company’s stock valued at $16,497,000 after buying an additional 251,104 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in Klaviyo during the first quarter worth $3,249,000. Institutional investors own 45.43% of the company’s stock.

Klaviyo Trading Up 0.7%

Shares of NYSE KVYO opened at $27.34 on Wednesday. Klaviyo, Inc. has a 1-year low of $23.44 and a 1-year high of $49.55. The company has a 50-day moving average of $28.26 and a two-hundred day moving average of $31.28. The company has a market cap of $8.25 billion, a PE ratio of -113.90 and a beta of 1.26.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings data on Thursday, September 25th. The company reported $0.16 earnings per share for the quarter. Klaviyo had a negative net margin of 5.70% and a negative return on equity of 1.00%. The firm had revenue of $293.12 million during the quarter. As a group, equities research analysts forecast that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on KVYO shares. TD Cowen boosted their target price on shares of Klaviyo from $45.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Wells Fargo & Company began coverage on shares of Klaviyo in a research report on Tuesday, September 30th. They issued an “overweight” rating and a $40.00 price target on the stock. Stifel Nicolaus decreased their price objective on shares of Klaviyo from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. KeyCorp dropped their price objective on shares of Klaviyo from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Finally, Weiss Ratings began coverage on Klaviyo in a report on Saturday, November 1st. They issued a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $42.67.

Insider Transactions at Klaviyo

In related news, President Stephen Eric Rowland sold 7,105 shares of Klaviyo stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $24.35, for a total value of $173,006.75. Following the completion of the sale, the president directly owned 431,516 shares in the company, valued at $10,507,414.60. This trade represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ed Hallen sold 2,811 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $30.00, for a total transaction of $84,330.00. Following the transaction, the director owned 168,659 shares in the company, valued at approximately $5,059,770. The trade was a 1.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 5,760,859 shares of company stock worth $181,230,656. Insiders own 53.24% of the company’s stock.

Klaviyo Profile

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.