Lisanti Capital Growth LLC Acquires New Holdings in Klaviyo, Inc. (NYSE:KVYO)

Lisanti Capital Growth LLC acquired a new stake in Klaviyo, Inc. (NYSE:KVYO - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 155,810 shares of the company's stock, valued at approximately $5,513,000. Klaviyo accounts for 1.4% of Lisanti Capital Growth LLC's portfolio, making the stock its 19th largest holding. Lisanti Capital Growth LLC owned 0.06% of Klaviyo as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in KVYO. Bank of New York Mellon Corp increased its position in shares of Klaviyo by 677.7% during the second quarter. Bank of New York Mellon Corp now owns 2,762,128 shares of the company's stock valued at $68,749,000 after buying an additional 2,406,973 shares during the period. SpiderRock Advisors LLC lifted its stake in Klaviyo by 1,571.7% in the 3rd quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company's stock worth $17,743,000 after purchasing an additional 471,500 shares in the last quarter. Mayflower Financial Advisors LLC grew its position in shares of Klaviyo by 181.4% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 684,948 shares of the company's stock valued at $24,233,000 after purchasing an additional 441,500 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Klaviyo by 53.6% in the second quarter. Millennium Management LLC now owns 1,120,485 shares of the company's stock worth $27,889,000 after purchasing an additional 390,849 shares during the period. Finally, Claro Advisors LLC raised its position in shares of Klaviyo by 38.7% in the second quarter. Claro Advisors LLC now owns 1,280,035 shares of the company's stock worth $31,860,000 after buying an additional 357,355 shares in the last quarter. 45.43% of the stock is currently owned by hedge funds and other institutional investors.

Klaviyo Price Performance

NYSE:KVYO traded up $1.74 during trading hours on Monday, hitting $35.09. The company had a trading volume of 1,752,604 shares, compared to its average volume of 1,163,528. Klaviyo, Inc. has a 52 week low of $21.26 and a 52 week high of $41.00. The company has a market capitalization of $9.36 billion, a PE ratio of -185.28 and a beta of 1.13. The stock has a 50-day moving average price of $35.21 and a 200 day moving average price of $28.74.

Klaviyo (NYSE:KVYO - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share 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 analysts' expectations of $226.33 million. During the same period in the previous year, the firm posted ($1.24) EPS. The business's revenue was up 33.7% on a year-over-year basis. Analysts anticipate that Klaviyo, Inc. will post -0.01 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, President Stephen Eric Rowland sold 18,114 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $31.67, for a total value of $573,670.38. Following the completion of the transaction, the president now directly owns 192,488 shares in the company, valued at $6,096,094.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Amanda Whalen sold 10,000 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $35.36, for a total transaction of $353,600.00. Following the sale, the chief financial officer now directly owns 422,813 shares of the company's stock, valued at approximately $14,950,667.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Stephen Eric Rowland sold 18,114 shares of Klaviyo stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $31.67, for a total transaction of $573,670.38. Following the completion of the transaction, the president now directly owns 192,488 shares of the company's stock, valued at $6,096,094.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 659,711 shares of company stock worth $21,036,946. 53.24% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KVYO has been the topic of several recent analyst reports. Cantor Fitzgerald raised their price target on Klaviyo from $33.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday. Canaccord Genuity Group lifted their target price on shares of Klaviyo from $32.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday. Wells Fargo & Company reissued a "buy" rating on shares of Klaviyo in a report on Friday, October 18th. Needham & Company LLC lifted their price objective on shares of Klaviyo from $40.00 to $46.00 and gave the stock a "buy" rating in a report on Thursday. Finally, KeyCorp raised Klaviyo from a "sector weight" rating to an "overweight" rating and set a $33.00 target price on the stock in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.

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.