Klaviyo, Inc. (NYSE:KVYO) Shares Purchased by Nicholas Investment Partners LP

Nicholas Investment Partners LP lifted its stake in shares of Klaviyo, Inc. (NYSE:KVYO) by 63.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,555 shares of the company’s stock after acquiring an additional 54,509 shares during the period. Nicholas Investment Partners LP owned 0.05% of Klaviyo worth $5,796,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of KVYO. CIBC Private Wealth Group LLC lifted its stake in shares of Klaviyo by 169.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company’s stock valued at $72,000 after purchasing an additional 1,102 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Klaviyo by 77.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company’s stock worth $77,000 after buying an additional 818 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Klaviyo in the fourth quarter worth $196,000. US Bancorp DE purchased a new position in shares of Klaviyo in the 4th quarter valued at $199,000. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Klaviyo by 8.0% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,836 shares of the company’s stock valued at $220,000 after acquiring an additional 359 shares in the last quarter. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Klaviyo Stock Up 4.6%

Shares of NYSE KVYO opened at $37.53 on Wednesday. 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 $10.25 billion, a price-to-earnings ratio of -208.50 and a beta of 1.35. The business has a fifty day simple moving average of $30.45 and a 200-day simple moving average of $37.34.

Klaviyo (NYSE:KVYO) last announced its earnings results on Tuesday, May 6th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. The company had revenue of $279.83 million during the quarter, compared to analysts’ expectations of $267.79 million. During the same period last year, the company posted $0.13 earnings per share. The business’s revenue for the quarter was up 33.3% on a year-over-year basis. As a group, sell-side analysts expect that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Stephens assumed coverage on Klaviyo in a report on Wednesday, March 19th. They issued an “overweight” rating and a $43.00 price target for the company. William Blair restated an “outperform” rating on shares of Klaviyo in a research note on Thursday, February 20th. Scotiabank set a $35.00 price target on shares of Klaviyo and gave the stock a “sector perform” rating in a research note on Wednesday, May 7th. Morgan Stanley decreased their price objective on shares of Klaviyo from $50.00 to $34.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Finally, Mizuho dropped their target price on Klaviyo from $52.00 to $40.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.11.

Insider Buying and Selling

In related news, President Stephen Eric Rowland sold 36,710 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $35.08, for a total value of $1,287,786.80. Following the completion of the sale, the president now owns 246,254 shares of the company’s stock, valued at approximately $8,638,590.32. The trade was a 12.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Amanda Whalen sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $33.54, for a total transaction of $503,100.00. Following the completion of the sale, the chief financial officer now directly owns 349,623 shares of the company’s stock, valued at $11,726,355.42. This represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,073,770 shares of company stock valued at $67,259,606. Company insiders own 49.92% of the company’s stock.

Klaviyo 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.