B. Metzler seel. Sohn & Co. AG Invests $1.93 Million in Klaviyo, Inc. (NYSE:KVYO)

B. Metzler seel. Sohn & Co. AG acquired a new position in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 46,885 shares of the company's stock, valued at approximately $1,934,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Klaviyo by 27.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 424,357 shares of the company's stock worth $15,014,000 after purchasing an additional 91,824 shares during the period. The Manufacturers Life Insurance Company acquired a new position in Klaviyo during the 3rd quarter worth about $481,000. FMR LLC grew its position in shares of Klaviyo by 428.1% in the 3rd quarter. FMR LLC now owns 100,982 shares of the company's stock valued at $3,573,000 after buying an additional 81,861 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Klaviyo in the third quarter valued at about $5,113,000. Finally, State Street Corp raised its position in shares of Klaviyo by 7.9% during the third quarter. State Street Corp now owns 435,448 shares of the company's stock worth $15,406,000 after acquiring an additional 32,034 shares during the last quarter. Institutional investors and hedge funds own 45.43% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Scotiabank upped their target price on Klaviyo from $35.00 to $45.00 and gave the company a "sector perform" rating in a report on Wednesday, January 29th. Stephens began coverage on shares of Klaviyo in a research report on Wednesday, March 19th. They set an "overweight" rating and a $43.00 price objective for the company. Morgan Stanley boosted their target price on shares of Klaviyo from $47.00 to $50.00 and gave the company an "equal weight" rating in a report on Thursday, February 20th. Wells Fargo & Company lowered their price objective on Klaviyo from $48.00 to $45.00 and set an "equal weight" rating for the company in a research report on Thursday, February 20th. Finally, Barclays upped their target price on Klaviyo from $47.00 to $51.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.89.

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Klaviyo Stock Performance

Shares of Klaviyo stock traded up $0.36 on Monday, hitting $26.13. The company had a trading volume of 1,349,484 shares, compared to its average volume of 1,257,936. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of -145.64 and a beta of 1.39. Klaviyo, Inc. has a 1 year low of $21.26 and a 1 year high of $49.55. The stock has a 50 day moving average of $39.26 and a 200-day moving average of $38.76.

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

Insider Activity at Klaviyo

In related news, insider Landon Edmond sold 40,000 shares of Klaviyo stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $41.80, for a total transaction of $1,672,000.00. Following the sale, the insider now directly owns 298,607 shares in the company, valued at approximately $12,481,772.60. This trade represents a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Summit Partners L. P sold 2,000,000 shares of the company's stock in a transaction on 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 have sold 2,126,246 shares of company stock valued at $69,799,958 over the last ninety days. Corporate insiders own 53.24% of the company's stock.

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.