31,071 Shares in Klaviyo, Inc. (NYSE:KVYO) Acquired by Peak6 LLC

PEAK6 LLC acquired a new stake in Klaviyo, Inc. (NYSE:KVYO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 31,071 shares of the company's stock, valued at approximately $1,281,000.

Several other large investors also recently added to or reduced their stakes in the stock. Bank Julius Baer & Co. Ltd Zurich lifted its position in Klaviyo by 8.0% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,836 shares of the company's stock valued at $220,000 after acquiring an additional 359 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Klaviyo by 10.3% during the 4th quarter. Victory Capital Management Inc. now owns 6,469 shares of the company's stock valued at $267,000 after purchasing an additional 604 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Klaviyo by 4.0% in the 4th quarter. Arizona State Retirement System now owns 16,854 shares of the company's stock worth $695,000 after purchasing an additional 648 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in Klaviyo by 169.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company's stock valued at $72,000 after buying an additional 1,102 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Klaviyo by 45.2% in the fourth quarter. Wells Fargo & Company MN now owns 6,171 shares of the company's stock valued at $254,000 after buying an additional 1,920 shares during the last quarter. 45.43% of the stock is owned by hedge funds and other institutional investors.

Klaviyo Trading Up 1.8 %

KVYO stock traded up $0.52 during mid-day trading on Friday, reaching $29.46. The company's stock had a trading volume of 523,900 shares, compared to its average volume of 1,552,961. The stock has a market cap of $8.05 billion, a PE ratio of -163.70 and a beta of 1.39. The company's 50 day moving average is $32.73 and its two-hundred day moving average is $37.78. Klaviyo, Inc. has a fifty-two week low of $21.26 and a fifty-two week high of $49.55.

Klaviyo (NYSE:KVYO - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.12). The firm had revenue of $270.16 million during the quarter, compared to analyst estimates of $257.24 million. Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. On average, analysts forecast that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Klaviyo

In related news, CFO Amanda Whalen sold 15,000 shares of the business's stock in a transaction 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 sale, the chief financial officer now owns 376,820 shares in the company, valued at approximately $17,277,197. The trade was a 3.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Summit Partners L. P sold 2,000,000 shares of Klaviyo stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $32.44, for a total value of $64,880,000.00. The disclosure for this sale can be found here. Insiders sold a total of 2,088,770 shares of company stock worth $67,947,356 over the last three months. Insiders own 53.24% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KVYO. Wells Fargo & Company cut their price objective on Klaviyo from $45.00 to $26.00 and set an "equal weight" rating on the stock in a report on Tuesday. Citigroup lifted their price objective on shares of Klaviyo from $39.00 to $48.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. Piper Sandler cut their price objective on shares of Klaviyo from $53.00 to $35.00 and set an "overweight" rating on the stock in a research note on Wednesday. Needham & Company LLC raised their target price on shares of Klaviyo from $46.00 to $56.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Finally, Robert W. Baird lowered their price target on shares of Klaviyo from $54.00 to $37.00 and set an "outperform" rating on the stock in a report on Wednesday. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Klaviyo has an average rating of "Moderate Buy" and a consensus target price of $43.47.

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.