Insider Selling: Klaviyo, Inc. (NYSE:KVYO) CFO Sells 15,000 Shares of Stock

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) CFO Amanda Whalen sold 15,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $45.85, for a total transaction of $687,750.00. Following the transaction, the chief financial officer now owns 376,820 shares in the company, valued at approximately $17,277,197. This represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Amanda Whalen also recently made the following trade(s):

• On Friday, January 10th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The shares were sold at an average price of $39.18, for a total transaction of $587,700.00.
• On Friday, December 13th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The stock was sold at an average price of $39.39, for a total transaction of $590,850.00.
• On Monday, December 9th, Amanda Whalen sold 1,050 shares of Klaviyo stock. The shares were sold at an average price of $40.07, for a total value of $42,073.50.
• On Friday, December 6th, Amanda Whalen sold 23,950 shares of Klaviyo stock. The shares were sold at an average price of $40.04, for a total transaction of $958,958.00.
• On Monday, November 18th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The shares were sold at an average price of $34.56, for a total transaction of $518,400.00.

Klaviyo Stock Down 1.4 %

Shares of NYSE KVYO traded down $0.69 during midday trading on Friday, hitting $46.98. The stock had a trading volume of 842,109 shares, compared to its average volume of 1,069,195. Klaviyo, Inc. has a 1 year low of $21.26 and a 1 year high of $48.73. The company has a market capitalization of $12.67 billion, a PE ratio of -260.99 and a beta of 0.60. The stock has a 50 day simple moving average of $42.17 and a 200-day simple moving average of $36.45.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.04. The company had revenue of $235.09 million for the quarter, compared to analysts' expectations of $226.33 million. Klaviyo had a negative net margin of 5.23% and a positive return on equity of 0.86%. The firm's quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.24) EPS. As a group, analysts expect that Klaviyo, Inc. will post 0.03 earnings per share for the current fiscal year.

Institutional Trading of Klaviyo

Large investors have recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its holdings in shares of Klaviyo by 145.6% during the 3rd 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. nVerses Capital LLC acquired a new stake in shares of Klaviyo in the 3rd quarter worth $53,000. SBI Securities Co. Ltd. purchased a new position in shares of Klaviyo during the 4th quarter worth $196,000. US Bancorp DE acquired a new position in shares of Klaviyo during the 4th quarter valued at about $199,000. Finally, Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Klaviyo by 8.0% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,836 shares of the company's stock valued at $220,000 after purchasing an additional 359 shares during the period. Hedge funds and other institutional investors own 45.43% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. William Blair restated an "outperform" rating on shares of Klaviyo in a research note on Thursday, December 19th. Robert W. Baird upped their target price on Klaviyo from $42.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Stifel Nicolaus began coverage on shares of Klaviyo in a research report on Tuesday, October 22nd. They set a "buy" rating and a $45.00 price target for the company. Needham & Company LLC upped their price objective on shares of Klaviyo from $40.00 to $46.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Finally, Canaccord Genuity Group increased their price objective on shares of Klaviyo from $32.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $43.63.

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.