Insider Selling: Klaviyo, Inc. (NYSE:KVYO) CFO Sells 15,000 Shares of Stock

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 15,000 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $33.54, for a total value of $503,100.00. Following the transaction, the chief financial officer now owns 349,623 shares of the company’s stock, valued at $11,726,355.42. The trade was a 4.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, February 3rd, Amanda Whalen sold 15,000 shares of Klaviyo stock. The shares were sold at an average price of $45.85, for a total value of $687,750.00.
• On Friday, January 10th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The shares were sold at an average price of $39.18, for a total value of $587,700.00.

Klaviyo Price Performance

Shares of KVYO stock traded down $1.74 during trading hours on Tuesday, reaching $32.11. 1,234,326 shares of the company traded hands, compared to its average volume of 1,203,355. Klaviyo, Inc. has a 12-month low of $21.26 and a 12-month high of $49.55. The company has a market cap of $8.77 billion, a P/E ratio of -178.40 and a beta of 0.86. The firm has a 50-day moving average price of $41.87 and a 200 day moving average price of $38.72.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings data on Wednesday, February 19th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.12). Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. The company had revenue of $270.16 million for the quarter, compared to analysts’ expectations of $257.24 million. Sell-side analysts predict that Klaviyo, Inc. will post 0.04 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. California State Teachers Retirement System lifted its holdings in Klaviyo by 1.8% in the 4th quarter. California State Teachers Retirement System now owns 49,997 shares of the company’s stock worth $2,062,000 after purchasing an additional 864 shares in the last quarter. Alpha Wealth Funds LLC purchased a new position in Klaviyo in the 4th quarter worth approximately $209,000. Total Wealth Planning & Management Inc. purchased a new position in Klaviyo in the 4th quarter worth approximately $397,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Klaviyo by 76.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,178 shares of the company’s stock worth $4,338,000 after purchasing an additional 45,523 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its holdings in Klaviyo by 15.7% in the 4th quarter. Voloridge Investment Management LLC now owns 922,832 shares of the company’s stock worth $38,058,000 after purchasing an additional 125,352 shares in the last quarter. 45.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on KVYO. Scotiabank lifted their price objective on Klaviyo from $35.00 to $45.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. Citigroup lifted their price objective on Klaviyo from $39.00 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Canaccord Genuity Group lifted their price objective on Klaviyo from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. William Blair reiterated an “outperform” rating on shares of Klaviyo in a report on Thursday, February 20th. Finally, Mizuho lifted their price objective on Klaviyo from $42.00 to $52.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $49.44.

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.