Ledger Susan St. Sells 2,328 Shares of Klaviyo (NYSE:KVYO) Stock

Klaviyo, Inc. (NYSE:KVYO) Director Susan St. Ledger sold 2,328 shares of Klaviyo stock in a transaction on Friday, September 11th. The stock was sold at an average price of $15.93, for a total transaction of $37,085.04. Following the sale, the director directly owned 23,433 shares of the company’s stock, valued at approximately $373,287.69. This trade represents a 9.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Klaviyo Price Performance

NYSE:KVYO opened at $16.94 on Wednesday. Klaviyo, Inc. has a 12 month low of $12.53 and a 12 month high of $36.22. The firm has a market capitalization of $4.82 billion, a PE ratio of 847.47 and a beta of 0.57. The business’s fifty day moving average price is $17.96 and its 200 day moving average price is $17.40.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. Klaviyo had a return on equity of 5.67% and a net margin of 0.49%.The company had revenue of $370.58 million during the quarter, compared to the consensus estimate of $362.08 million. During the same period in the previous year, the business earned $0.16 EPS. Klaviyo’s revenue for the quarter was up 26.4% on a year-over-year basis. As a group, equities analysts anticipate that Klaviyo, Inc. will post 0.2 EPS for the current year.

Institutional Trading of Klaviyo

Several institutional investors and hedge funds have recently bought and sold shares of the business. Optiver Holding B.V. purchased a new position in Klaviyo during the 1st quarter worth $39,000. EverSource Wealth Advisors LLC raised its holdings in shares of Klaviyo by 2,085.1% in the first quarter. EverSource Wealth Advisors LLC now owns 3,802 shares of the company’s stock valued at $74,000 after buying an additional 3,628 shares during the last quarter. Nykredit A S purchased a new stake in shares of Klaviyo in the second quarter valued at about $90,000. Rockefeller Capital Management L.P. boosted its stake in shares of Klaviyo by 2,641.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,207 shares of the company’s stock worth $104,000 after buying an additional 3,090 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of Klaviyo during the second quarter worth about $173,000. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on KVYO. Piper Sandler cut their price objective on shares of Klaviyo from $26.00 to $23.00 and set an “overweight” rating on the stock in a report on Thursday, August 6th. BTIG Research lowered their target price on shares of Klaviyo from $30.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Needham & Company LLC reaffirmed a “buy” rating on shares of Klaviyo in a research report on Wednesday, September 2nd. Wall Street Zen lowered shares of Klaviyo from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Truist Financial reduced their price target on shares of Klaviyo from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Klaviyo has an average rating of “Moderate Buy” and a consensus price target of $27.14.

About Klaviyo

Klaviyo, Inc is a technology company that provides a customer data and marketing automation platform for businesses. Its software helps brands collect, organize and analyze customer information, then use those insights to create targeted communications and personalized marketing campaigns.

The company’s platform supports marketing channels including email, SMS messaging, mobile push notifications and on-site experiences. Klaviyo also provides tools for customer segmentation, campaign automation, analytics and reporting, and integrates with e-commerce, payment and other business applications.

Klaviyo primarily serves consumer-focused businesses, including e-commerce brands, retailers and other companies seeking to build direct relationships with customers.