Klaviyo (KVYO) Expected to Announce Earnings on Wednesday

Klaviyo (NYSE:KVYO) is projected to release its earnings data after the market closes on Wednesday, February 19th. Analysts expect Klaviyo to post earnings of $0.06 per share and revenue of $257.24 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Klaviyo Price Performance

NYSE:KVYO opened at $47.59 on Wednesday. Klaviyo has a 1 year low of $21.26 and a 1 year high of $49.55. The stock’s 50 day simple moving average is $42.41 and its two-hundred day simple moving average is $36.77. The company has a market cap of $12.83 billion, a price-to-earnings ratio of -264.39 and a beta of 0.60.

Insider Activity at Klaviyo

In other Klaviyo news, President Stephen Eric Rowland sold 4,536 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $34.56, for a total value of $156,764.16. Following the completion of the sale, the president now directly owns 186,785 shares in the company, valued at approximately $6,455,289.60. This represents a 2.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Amanda Whalen sold 15,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $45.85, for a total value of $687,750.00. Following the completion of the sale, the chief financial officer now owns 376,820 shares of the company’s stock, valued at $17,277,197. This represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 174,072 shares of company stock worth $6,778,517 in the last quarter. 53.24% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on KVYO. Benchmark reduced their price objective on Klaviyo from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Wells Fargo & Company lifted their price objective on Klaviyo from $37.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 7th. Loop Capital lifted their price objective on Klaviyo from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. KeyCorp lifted their target price on Klaviyo from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Finally, Macquarie reiterated a “neutral” rating and issued a $36.00 target price on shares of Klaviyo in a report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.88.

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.