Capital Investment Advisors LLC Takes $621,000 Position in Klaviyo, Inc. (NYSE:KVYO)

Capital Investment Advisors LLC acquired a new stake in Klaviyo, Inc. (NYSE:KVYO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,066 shares of the company's stock, valued at approximately $621,000.

Other large investors have also bought and sold shares of the company. Arizona State Retirement System raised its holdings in Klaviyo by 67.1% during the 2nd quarter. Arizona State Retirement System now owns 16,221 shares of the company's stock worth $404,000 after purchasing an additional 6,512 shares during the last quarter. Renaissance Technologies LLC raised its stake in Klaviyo by 40.8% during the second quarter. Renaissance Technologies LLC now owns 238,900 shares of the company's stock worth $5,946,000 after buying an additional 69,200 shares during the last quarter. Blair William & Co. IL raised its stake in Klaviyo by 14.3% during the second quarter. Blair William & Co. IL now owns 200,680 shares of the company's stock worth $4,995,000 after buying an additional 25,149 shares during the last quarter. XTX Topco Ltd lifted its holdings in Klaviyo by 114.7% in the second quarter. XTX Topco Ltd now owns 24,363 shares of the company's stock valued at $606,000 after buying an additional 13,016 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in Klaviyo during the second quarter valued at $747,000. 45.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on KVYO shares. Piper Sandler lifted their price objective on shares of Klaviyo from $45.00 to $50.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. Stifel Nicolaus started coverage on Klaviyo in a research report on Tuesday, October 22nd. They issued a "buy" rating and a $45.00 target price for the company. Needham & Company LLC raised their price objective on Klaviyo from $40.00 to $46.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Loop Capital boosted their price objective on Klaviyo from $45.00 to $60.00 and gave the company a "buy" rating in a report on Monday, December 23rd. Finally, Wells Fargo & Company increased their target price on Klaviyo from $37.00 to $41.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.29.

Insider Activity

In other Klaviyo news, CFO Amanda Whalen sold 15,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $39.18, for a total value of $587,700.00. Following the sale, the chief financial officer now directly owns 391,820 shares in the company, valued at $15,351,507.60. This represents a 3.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Landon Edmond sold 40,000 shares of Klaviyo stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.56, for a total value of $1,382,400.00. Following the sale, the insider now directly owns 236,621 shares of the company's stock, valued at $8,177,621.76. This represents a 14.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 154,536 shares of company stock valued at $5,909,146 in the last 90 days. Insiders own 53.24% of the company's stock.

Klaviyo Stock Performance

KVYO stock traded up $0.60 during mid-day trading on Thursday, hitting $40.78. The company had a trading volume of 172,302 shares, compared to its average volume of 779,066. Klaviyo, Inc. has a 12 month low of $21.26 and a 12 month high of $44.77. The stock's fifty day moving average price is $39.24 and its two-hundred day moving average price is $34.11. The firm has a market cap of $11.00 billion, a PE ratio of -226.54 and a beta of 0.57.

Klaviyo (NYSE:KVYO - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $226.33 million. During the same quarter in the prior year, the business earned ($1.24) earnings per share. Klaviyo's revenue for the quarter was up 33.7% on a year-over-year basis. Equities analysts anticipate that Klaviyo, Inc. will post 0.03 earnings per share for the current year.

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.