Insider Selling: Klaviyo, Inc. (NYSE:KVYO) CFO Sells $518,400.00 in Stock

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 15,000 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.56, for a total transaction of $518,400.00. Following the completion of the transaction, the chief financial officer now directly owns 395,616 shares of the company’s stock, valued at approximately $13,672,488.96. This trade represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, October 4th, Amanda Whalen sold 10,000 shares of Klaviyo stock. The stock was sold at an average price of $35.36, for a total value of $353,600.00.
• On Friday, September 6th, Amanda Whalen sold 10,000 shares of Klaviyo stock. The shares were sold at an average price of $29.72, for a total value of $297,200.00.

Klaviyo Stock Performance

Shares of Klaviyo stock opened at $36.70 on Friday. The company has a market cap of $9.89 billion, a price-to-earnings ratio of -203.85 and a beta of 1.13. The business’s 50 day moving average price is $36.15 and its 200 day moving average price is $29.47. Klaviyo, Inc. has a one year low of $21.26 and a one year high of $41.00.

Klaviyo (NYSE:KVYO) last released its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The company had revenue of $235.09 million for the quarter, compared to analyst estimates of $226.33 million. Klaviyo had a negative net margin of 5.23% and a positive return on equity of 0.86%. The firm’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period in the prior year, the business earned ($1.24) EPS. On average, analysts predict that Klaviyo, Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KVYO. Wells Fargo & Company reaffirmed a “buy” rating on shares of Klaviyo in a research report on Friday, October 18th. Benchmark decreased their target price on Klaviyo from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Barclays raised their price target on Klaviyo from $32.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Canaccord Genuity Group upped their price objective on shares of Klaviyo from $32.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Cantor Fitzgerald raised their target price on shares of Klaviyo from $33.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Klaviyo currently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Hedge Funds Weigh In On Klaviyo

Several large investors have recently bought and sold shares of the business. Barclays PLC lifted its position in shares of Klaviyo by 1,202.0% during the 3rd quarter. Barclays PLC now owns 12,825 shares of the company’s stock worth $453,000 after buying an additional 11,840 shares during the last quarter. Geode Capital Management LLC raised its stake in Klaviyo by 45.1% during the 3rd quarter. Geode Capital Management LLC now owns 786,186 shares of the company’s stock worth $27,827,000 after acquiring an additional 244,447 shares in the last quarter. Main Management ETF Advisors LLC purchased a new stake in Klaviyo in the third quarter valued at $1,126,000. XTX Topco Ltd boosted its stake in Klaviyo by 79.7% in the third quarter. XTX Topco Ltd now owns 43,775 shares of the company’s stock valued at $1,549,000 after acquiring an additional 19,412 shares in the last quarter. Finally, Whale Rock Capital Management LLC increased its position in shares of Klaviyo by 608.9% during the third quarter. Whale Rock Capital Management LLC now owns 3,600,606 shares of the company’s stock worth $127,389,000 after purchasing an additional 3,092,725 shares in the last quarter. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Klaviyo Company 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.