Klaviyo, Inc. (NYSE:KVYO) Shares Purchased by Barclays PLC

Barclays PLC boosted its stake in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) by 1,202.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 12,825 shares of the company's stock after purchasing an additional 11,840 shares during the period. Barclays PLC's holdings in Klaviyo were worth $453,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of KVYO. Advisors Asset Management Inc. lifted its stake in shares of Klaviyo by 145.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company's stock valued at $48,000 after purchasing an additional 808 shares during the period. nVerses Capital LLC purchased a new position in Klaviyo in the third quarter valued at $53,000. West Tower Group LLC acquired a new position in shares of Klaviyo in the third quarter worth about $177,000. Victory Capital Management Inc. purchased a new stake in shares of Klaviyo during the 3rd quarter worth about $208,000. Finally, William Marsh Rice University acquired a new stake in shares of Klaviyo during the 3rd quarter valued at about $245,000. Hedge funds and other institutional investors own 45.43% of the company's stock.

Insider Activity

In related news, President Stephen Eric Rowland sold 4,536 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.56, for a total value of $156,764.16. Following the sale, the president now directly owns 186,785 shares in the company, valued at approximately $6,455,289.60. The trade was a 2.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Amanda Whalen sold 1,050 shares of the company's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $40.07, for a total transaction of $42,073.50. Following the completion of the transaction, the chief financial officer now directly owns 395,616 shares in the company, valued at $15,852,333.12. The trade was a 0.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 117,650 shares of company stock valued at $4,323,105 in the last 90 days. Company insiders own 53.24% of the company's stock.

Klaviyo Trading Up 1.9 %

NYSE:KVYO traded up $0.81 during trading hours on Friday, hitting $42.45. The company had a trading volume of 682,547 shares, compared to its average volume of 762,624. Klaviyo, Inc. has a 1 year low of $21.26 and a 1 year high of $44.77. The company has a market cap of $11.45 billion, a P/E ratio of -235.82 and a beta of 0.97. The company has a 50-day moving average of $39.02 and a 200 day moving average of $33.12.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KVYO shares. Macquarie reaffirmed a "neutral" rating and issued a $36.00 price target on shares of Klaviyo in a report on Friday, November 8th. Loop Capital upped their target price on Klaviyo from $45.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. Piper Sandler lifted their price target on shares of Klaviyo from $34.00 to $45.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. Barclays boosted their price target on shares of Klaviyo from $32.00 to $41.00 and gave the stock an "overweight" rating in a report on Friday, October 11th. Finally, Needham & Company LLC increased 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. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Klaviyo currently has a consensus rating of "Moderate Buy" and an average target price of $40.88.

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.