Insider Selling: Klaviyo, Inc. (NYSE:KVYO) CFO Sells $687,750.00 in Stock

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 15,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 376,820 shares of the company’s stock, valued at $17,277,197. This trade represents a 3.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, January 10th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The stock was sold at an average price of $39.18, for a total value of $587,700.00.
• On Friday, December 13th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The stock was sold at an average price of $39.39, for a total value of $590,850.00.
• On Monday, December 9th, Amanda Whalen sold 1,050 shares of Klaviyo stock. The stock was sold at an average price of $40.07, for a total value of $42,073.50.
• On Friday, December 6th, Amanda Whalen sold 23,950 shares of Klaviyo stock. The stock was sold at an average price of $40.04, for a total value of $958,958.00.
• On Monday, November 18th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The stock was sold at an average price of $34.56, for a total value of $518,400.00.

Klaviyo Stock Performance

NYSE KVYO opened at $47.69 on Friday. The stock has a fifty day moving average of $41.76 and a 200-day moving average of $36.22. The stock has a market capitalization of $12.86 billion, a P/E ratio of -264.94 and a beta of 0.60. Klaviyo, Inc. has a 52 week low of $21.26 and a 52 week high of $48.73.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. Klaviyo had a positive return on equity of 0.86% and a negative net margin of 5.23%. The business had revenue of $235.09 million during the quarter, compared to analysts’ expectations of $226.33 million. During the same period in the previous year, the firm earned ($1.24) earnings per share. The firm’s quarterly revenue was up 33.7% compared to the same quarter last year. Equities research analysts forecast that Klaviyo, Inc. will post 0.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Klaviyo

Institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. grew its stake in shares of Klaviyo by 145.6% during the third quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after purchasing an additional 808 shares during the period. nVerses Capital LLC acquired a new stake in shares of Klaviyo during the third quarter worth $53,000. SBI Securities Co. Ltd. acquired a new stake in shares of Klaviyo during the fourth quarter worth $196,000. US Bancorp DE acquired a new stake in shares of Klaviyo during the fourth quarter worth $199,000. Finally, Keybank National Association OH acquired a new stake in shares of Klaviyo during the fourth quarter worth $203,000. 45.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Cantor Fitzgerald raised their target price on Klaviyo from $33.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Morgan Stanley lifted their price objective on Klaviyo from $38.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Canaccord Genuity Group lifted their price objective on Klaviyo from $32.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted their price objective on Klaviyo from $37.00 to $41.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 7th. Finally, KeyCorp lifted their price objective on Klaviyo from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $43.63.

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.