Amanda Whalen Sells 10,000 Shares of Klaviyo, Inc. (NYSE:KVYO) Stock

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $29.72, for a total transaction of $297,200.00. Following the transaction, the chief financial officer now directly owns 422,813 shares of the company’s stock, valued at $12,566,002.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, August 9th, Amanda Whalen sold 60,000 shares of Klaviyo stock. The shares were sold at an average price of $30.23, for a total value of $1,813,800.00.

Klaviyo Stock Down 2.9 %

Shares of NYSE:KVYO traded down $0.87 during trading on Friday, reaching $29.62. 579,365 shares of the stock were exchanged, compared to its average volume of 1,182,523. Klaviyo, Inc. has a 12-month low of $21.26 and a 12-month high of $39.47. The firm’s 50-day moving average price is $27.54 and its 200 day moving average price is $25.46.

Klaviyo (NYSE:KVYO) last announced its earnings results on Wednesday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. The company had revenue of $222.21 million for the quarter, compared to analyst estimates of $212.34 million. Klaviyo had a negative return on equity of 32.19% and a negative net margin of 42.15%. Klaviyo’s quarterly revenue was up 35.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 EPS. Equities analysts forecast that Klaviyo, Inc. will post -0.01 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund lifted its holdings in shares of Klaviyo by 191.0% during the fourth quarter. New York State Common Retirement Fund now owns 5,485 shares of the company’s stock valued at $152,000 after purchasing an additional 3,600 shares during the last quarter. Jump Financial LLC acquired a new stake in Klaviyo during the 4th quarter worth about $1,708,000. Seven Grand Managers LLC lifted its holdings in shares of Klaviyo by 150.0% during the 4th quarter. Seven Grand Managers LLC now owns 50,000 shares of the company’s stock valued at $1,389,000 after buying an additional 30,000 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Klaviyo during the 4th quarter valued at about $1,780,000. Finally, Norges Bank bought a new position in shares of Klaviyo in the 4th quarter valued at approximately $21,258,000. 45.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KVYO has been the topic of several recent research reports. Canaccord Genuity Group decreased their price objective on Klaviyo from $37.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Cantor Fitzgerald raised their target price on shares of Klaviyo from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Robert W. Baird lowered their target price on shares of Klaviyo from $40.00 to $35.00 and set an “outperform” rating for the company in a report on Thursday, May 9th. Piper Sandler lifted their price objective on shares of Klaviyo from $30.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Finally, Mizuho reduced their price target on shares of Klaviyo from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.65.

About Klaviyo

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.