Klaviyo (NYSE:KVYO) Price Target Raised to $33.00 at Cantor Fitzgerald

Klaviyo (NYSE:KVYO) had its price target upped by Cantor Fitzgerald from $31.00 to $33.00 in a report published on Thursday, Benzinga reports. The firm currently has an overweight rating on the stock.

Other analysts have also issued reports about the company. KeyCorp upgraded Klaviyo from a sector weight rating to an overweight rating and set a $33.00 target price for the company in a research note on Thursday. Canaccord Genuity Group decreased their price target on shares of Klaviyo from $37.00 to $32.00 and set a buy rating on the stock in a research note on Thursday, May 9th. Mizuho dropped their price objective on shares of Klaviyo from $40.00 to $35.00 and set a buy rating for the company in a research report on Thursday, May 9th. Needham & Company LLC restated a buy rating and set a $40.00 target price on shares of Klaviyo in a research report on Friday, May 17th. Finally, Piper Sandler upped their price target on Klaviyo from $30.00 to $34.00 and gave the company an overweight rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Klaviyo presently has an average rating of Moderate Buy and an average target price of $35.65.

Klaviyo Stock Up 1.0 %

KVYO stock traded up $0.31 during mid-day trading on Thursday, reaching $31.09. 3,430,373 shares of the stock traded hands, compared to its average volume of 1,194,133. The business has a 50-day moving average of $24.06 and a two-hundred day moving average of $24.90. Klaviyo has a 52 week low of $21.26 and a 52 week high of $39.47.

Klaviyo (NYSE:KVYO) last posted its earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $210.00 million during the quarter, compared to the consensus estimate of $202.08 million. Klaviyo’s quarterly revenue was up 34.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Klaviyo will post -0.11 EPS for the current year.

Insider Activity at Klaviyo

In related news, major shareholder Jeff Fagnan acquired 9,485 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were bought at an average price of $26.43 per share, for a total transaction of $250,688.55. Following the purchase, the insider now directly owns 9,485 shares in the company, valued at approximately $250,688.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Jennifer Ceran sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $24.65, for a total value of $320,450.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Jeff Fagnan purchased 9,485 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was acquired at an average price of $26.43 per share, for a total transaction of $250,688.55. Following the purchase, the insider now owns 9,485 shares in the company, valued at approximately $250,688.55. The disclosure for this purchase can be found here. 53.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KVYO. Renaissance Technologies LLC increased its position in Klaviyo by 40.8% during the 2nd quarter. Renaissance Technologies LLC now owns 238,900 shares of the company’s stock worth $5,946,000 after buying an additional 69,200 shares during the period. Arizona State Retirement System grew its stake in shares of Klaviyo by 67.1% in the second quarter. Arizona State Retirement System now owns 16,221 shares of the company’s stock valued at $404,000 after acquiring an additional 6,512 shares in the last quarter. Glynn Capital Management LLC increased its position in Klaviyo by 19.7% during the second quarter. Glynn Capital Management LLC now owns 1,363,768 shares of the company’s stock worth $33,944,000 after acquiring an additional 224,461 shares during the period. Versor Investments LP acquired a new stake in Klaviyo in the 2nd quarter worth about $309,000. Finally, Claro Advisors LLC grew its position in shares of Klaviyo by 38.7% during the 2nd quarter. Claro Advisors LLC now owns 1,280,035 shares of the company’s stock worth $31,860,000 after purchasing an additional 357,355 shares in the last quarter. 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.