Klaviyo, Inc. (NYSE:KVYO) Insider Landon Edmond Sells 40,000 Shares of Stock

Klaviyo, Inc. (NYSE:KVYO) insider Landon Edmond sold 40,000 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $41.80, for a total transaction of $1,672,000.00. Following the completion of the sale, the insider now owns 298,607 shares of the company’s stock, valued at approximately $12,481,772.60. The trade was a 11.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Landon Edmond also recently made the following trade(s):

• On Monday, November 18th, Landon Edmond sold 40,000 shares of Klaviyo stock. The shares were sold at an average price of $34.56, for a total value of $1,382,400.00.

Klaviyo Stock Performance

Shares of KVYO stock opened at $39.39 on Friday. Klaviyo, Inc. has a 52 week low of $21.26 and a 52 week high of $44.77. The stock has a market capitalization of $10.62 billion, a PE ratio of -218.82 and a beta of 0.57. The stock’s fifty day moving average is $39.24 and its 200-day moving average is $33.77.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The firm 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 company’s revenue was up 33.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.24) EPS. As a group, analysts forecast that Klaviyo, Inc. will post 0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KVYO. Robert W. Baird boosted their price objective on Klaviyo from $42.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Benchmark dropped their price objective on shares of Klaviyo from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Needham & Company LLC lifted their target price on shares of Klaviyo from $40.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Stifel Nicolaus assumed coverage on shares of Klaviyo in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $45.00 target price on the stock. Finally, Cantor Fitzgerald raised their price target on shares of Klaviyo from $33.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.41.

Institutional Trading of Klaviyo

Hedge funds have recently modified their holdings of the stock. Whale Rock Capital Management LLC lifted its holdings in Klaviyo by 608.9% during the 3rd quarter. Whale Rock Capital Management LLC now owns 3,600,606 shares of the company’s stock worth $127,389,000 after buying an additional 3,092,725 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Klaviyo by 53.6% during the second quarter. Millennium Management LLC now owns 1,120,485 shares of the company’s stock valued at $27,889,000 after acquiring an additional 390,849 shares during the period. Geode Capital Management LLC lifted its stake in shares of Klaviyo by 45.1% during the third quarter. Geode Capital Management LLC now owns 786,186 shares of the company’s stock valued at $27,827,000 after acquiring an additional 244,447 shares during the period. Mayflower Financial Advisors LLC boosted its holdings in Klaviyo by 181.4% in the third quarter. Mayflower Financial Advisors LLC now owns 684,948 shares of the company’s stock valued at $24,233,000 after acquiring an additional 441,500 shares during the last quarter. Finally, Two Sigma Advisers LP increased its position in Klaviyo by 121.5% in the third quarter. Two Sigma Advisers LP now owns 673,500 shares of the company’s stock worth $23,828,000 after purchasing an additional 369,400 shares during the period. 45.43% of the stock is owned by institutional investors.

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.