Stephen Eric Rowland Sells 4,536 Shares of Klaviyo, Inc. (NYSE:KVYO) Stock

Klaviyo, Inc. (NYSE:KVYO) President Stephen Eric Rowland sold 4,536 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $34.56, for a total value of $156,764.16. Following the sale, the president now owns 186,785 shares in the company, valued at approximately $6,455,289.60. This represents a 2.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Stephen Eric Rowland also recently made the following trade(s):

• On Tuesday, October 15th, Stephen Eric Rowland sold 18,114 shares of Klaviyo stock. The shares were sold at an average price of $37.19, for a total value of $673,659.66.
• On Monday, September 16th, Stephen Eric Rowland sold 18,114 shares of Klaviyo stock. The stock was sold at an average price of $31.24, for a total value of $565,881.36.

Klaviyo Stock Performance

NYSE KVYO opened at $36.70 on Friday. The firm’s fifty day moving average price is $36.15 and its two-hundred day moving average price is $29.47. The stock has a market cap of $9.89 billion, a PE ratio of -203.85 and a beta of 1.13. Klaviyo, Inc. has a fifty-two week low of $21.26 and a fifty-two week high of $41.00.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 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%. Klaviyo’s revenue was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.24) earnings per share. As a group, sell-side analysts predict that Klaviyo, Inc. will post 0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Robert W. Baird increased their target price on Klaviyo from $42.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Macquarie reissued a “neutral” rating and issued a $36.00 target price on shares of Klaviyo in a research note on Friday, November 8th. Benchmark cut their target price on Klaviyo from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Cantor Fitzgerald increased their price target on Klaviyo from $33.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Stifel Nicolaus assumed coverage on Klaviyo in a report on Tuesday, October 22nd. They issued a “buy” rating and a $45.00 price target for the company. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.00.

Hedge Funds Weigh In On Klaviyo

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Swiss National Bank bought a new stake in Klaviyo in the first quarter valued at $1,776,000. Clearbridge Investments LLC increased its position in shares of Klaviyo by 1.5% during the first quarter. Clearbridge Investments LLC now owns 2,205,684 shares of the company’s stock worth $56,201,000 after acquiring an additional 31,587 shares in the last quarter. EntryPoint Capital LLC bought a new stake in shares of Klaviyo during the first quarter worth about $71,000. SVB Wealth LLC bought a new stake in shares of Klaviyo during the first quarter worth about $299,000. Finally, Whale Rock Capital Management LLC increased its position in shares of Klaviyo by 122.0% during the first quarter. Whale Rock Capital Management LLC now owns 579,113 shares of the company’s stock worth $14,756,000 after acquiring an additional 318,217 shares in the last quarter. Institutional investors and hedge funds own 45.43% of the company’s stock.

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.