Klaviyo, Inc. (NYSE:KVYO – Get Free Report) Director Roxanne Oulman sold 13,989 shares of the stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $20.36, for a total transaction of $284,816.04. Following the sale, the director directly owned 23,354 shares of the company’s stock, valued at approximately $475,487.44. This trade represents a 37.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Klaviyo Stock Performance
Shares of Klaviyo stock traded up $0.23 on Monday, hitting $20.94. 5,744,419 shares of the company traded hands, compared to its average volume of 5,600,314. The stock has a market capitalization of $5.96 billion, a P/E ratio of 1,047.47 and a beta of 0.50. Klaviyo, Inc. has a 52 week low of $12.53 and a 52 week high of $33.35. The business has a 50-day simple moving average of $18.10 and a 200 day simple moving average of $17.97.
Klaviyo (NYSE:KVYO – Get Free Report) last issued its earnings results on Wednesday, November 4th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. Klaviyo had a net margin of 0.54% and a return on equity of 6.73%. The firm had revenue of $387.21 million during the quarter, compared to analyst estimates of $380.02 million. Klaviyo’s revenue for the quarter was up 24.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.18 earnings per share. Research analysts expect that Klaviyo, Inc. will post 0.22 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several brokerages have commented on KVYO. Mizuho set a $24.00 price target on shares of Klaviyo in a research note on Thursday. The Goldman Sachs Group restated a “neutral” rating and set a $22.50 price objective on shares of Klaviyo in a research report on Thursday. Robert W. Baird set a $25.00 target price on Klaviyo in a report on Thursday, August 6th. Barclays boosted their target price on Klaviyo from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, TD Cowen dropped their price target on Klaviyo from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Sixteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.02.
Check Out Our Latest Stock Report on Klaviyo
Hedge Funds Weigh In On Klaviyo
Institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC increased its holdings in shares of Klaviyo by 30.1% in the 3rd quarter. Parallel Advisors LLC now owns 2,276 shares of the company’s stock worth $36,000 after buying an additional 526 shares during the last quarter. Optiver Holding B.V. purchased a new stake in shares of Klaviyo during the 1st quarter valued at about $39,000. State of Wyoming raised its position in shares of Klaviyo by 100.8% during the 3rd quarter. State of Wyoming now owns 4,554 shares of the company’s stock valued at $72,000 after buying an additional 2,286 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Klaviyo by 2,085.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,802 shares of the company’s stock valued at $74,000 after acquiring an additional 3,628 shares during the last quarter. Finally, Nykredit A S bought a new position in shares of Klaviyo in the 2nd quarter valued at about $90,000. Institutional investors own 45.43% of the company’s stock.
About Klaviyo
Klaviyo, Inc provides a customer data and marketing automation platform that helps businesses manage customer relationships and communications. Its software brings together customer information to support personalized marketing and engagement.
The platform offers tools for email and text-message marketing, mobile push notifications, automation, audience segmentation, analytics and customer service. Klaviyo also connects with other business applications, including e-commerce platforms, to help companies coordinate customer data and outreach.
Founded in 2012 by Andrew Bialecki and Ed Hallen, Klaviyo is headquartered in Boston and serves businesses in markets around the world.
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