Klaviyo, Inc. (NYSE:KVYO) Insider Sells $653,415.32 in Stock

Klaviyo, Inc. (NYSE:KVYO) insider Landon Edmond sold 21,766 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $30.02, for a total value of $653,415.32. Following the completion of the sale, the insider now directly owns 260,413 shares of the company’s stock, valued at approximately $7,817,598.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Klaviyo Stock Performance

NYSE:KVYO opened at $31.09 on Monday. Klaviyo, Inc. has a 52 week low of $21.26 and a 52 week high of $39.47. The stock’s fifty day moving average is $24.23 and its two-hundred day moving average is $24.95.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. The business had revenue of $222.21 million during the quarter, compared to analyst estimates of $212.34 million. During the same quarter last year, the firm posted $0.09 EPS. The company’s revenue for the quarter was up 35.0% on a year-over-year basis. Equities research analysts predict that Klaviyo, Inc. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

KVYO has been the topic of a number of research reports. KeyCorp raised Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 price objective on the stock in a report on Thursday. Canaccord Genuity Group reduced their price target on shares of Klaviyo from $37.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Cantor Fitzgerald upped their price objective on shares of Klaviyo from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday. Mizuho reduced their target price 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Klaviyo in a report on Friday, May 17th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Klaviyo currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.65.

Institutional Investors Weigh In On Klaviyo

Institutional investors have recently modified their holdings of the company. Salem Investment Counselors Inc. increased its holdings in shares of Klaviyo by 161.1% in the 1st quarter. Salem Investment Counselors Inc. now owns 2,350 shares of the company’s stock valued at $60,000 after acquiring an additional 1,450 shares during the last quarter. EntryPoint Capital LLC purchased a new position in Klaviyo in the first quarter valued at approximately $71,000. New York State Common Retirement Fund raised its holdings in Klaviyo by 191.0% during the fourth quarter. New York State Common Retirement Fund now owns 5,485 shares of the company’s stock worth $152,000 after purchasing an additional 3,600 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Klaviyo during the 2nd quarter worth approximately $236,000. Finally, SVB Wealth LLC acquired a new position in shares of Klaviyo in the 1st quarter valued at $299,000. 45.43% of the stock is owned by hedge funds and other institutional investors.

Klaviyo Company 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.