Klaviyo, Inc. (NYSE:KVYO) Stock Holdings Raised by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Klaviyo, Inc. (NYSE:KVYO) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,836 shares of the company’s stock after purchasing an additional 359 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Klaviyo were worth $220,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in Klaviyo by 10.3% during the 4th quarter. Victory Capital Management Inc. now owns 6,469 shares of the company’s stock worth $267,000 after buying an additional 604 shares during the last quarter. Arizona State Retirement System raised its position in shares of Klaviyo by 4.0% during the 4th quarter. Arizona State Retirement System now owns 16,854 shares of the company’s stock valued at $695,000 after acquiring an additional 648 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in 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 last quarter. SG Americas Securities LLC boosted its holdings in Klaviyo by 21.4% in the fourth quarter. SG Americas Securities LLC now owns 10,929 shares of the company’s stock worth $451,000 after purchasing an additional 1,923 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in Klaviyo during the fourth quarter valued at $196,000. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Cantor Fitzgerald raised their price target on shares of Klaviyo from $47.00 to $54.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Mizuho raised their target price on shares of Klaviyo from $42.00 to $52.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Wells Fargo & Company lowered their target price on Klaviyo from $48.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, February 20th. Piper Sandler raised their price target on Klaviyo from $50.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Finally, KeyCorp upped their price objective on Klaviyo from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Klaviyo currently has an average rating of “Moderate Buy” and a consensus price target of $49.44.

Klaviyo Price Performance

Klaviyo stock opened at $31.67 on Tuesday. Klaviyo, Inc. has a 12-month low of $21.26 and a 12-month high of $49.55. The stock has a market capitalization of $8.65 billion, a PE ratio of -175.92 and a beta of 0.86. The firm has a 50 day simple moving average of $42.72 and a 200-day simple moving average of $38.67.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings results on Wednesday, February 19th. The company reported ($0.06) earnings per share (EPS) 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 firm had revenue of $270.16 million for the quarter, compared to the consensus estimate of $257.24 million. On average, analysts forecast that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, President Stephen Eric Rowland sold 36,710 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $35.08, for a total transaction of $1,287,786.80. Following the completion of the sale, the president now directly owns 246,254 shares in the company, valued at approximately $8,638,590.32. This trade represents a 12.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Amanda Whalen sold 15,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $45.85, for a total value of $687,750.00. Following the completion of the transaction, the chief financial officer now directly owns 376,820 shares in the company, valued at $17,277,197. This represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 126,246 shares of company stock valued at $5,007,708 over the last three months. Company insiders own 53.24% of the company’s stock.

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.