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

FORA Capital LLC purchased a new position in Klaviyo, Inc. (NYSE:KVYO - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 27,627 shares of the company's stock, valued at approximately $977,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of KVYO. Advisors Asset Management Inc. grew its position in Klaviyo by 145.6% in 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 during the 3rd quarter valued at about $53,000. West Tower Group LLC acquired a new stake in shares of Klaviyo during the 3rd quarter valued at about $177,000. Victory Capital Management Inc. acquired a new stake in shares of Klaviyo during the 3rd quarter valued at about $208,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Klaviyo during the 2nd quarter valued at about $236,000. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KVYO has been the topic of several recent research reports. Needham & Company LLC lifted their target price on shares of Klaviyo from $40.00 to $46.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Piper Sandler lifted their target price on shares of Klaviyo from $34.00 to $45.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Benchmark decreased their target price on shares of Klaviyo from $42.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Wells Fargo & Company reiterated a "buy" rating on shares of Klaviyo in a research report on Friday, October 18th. Finally, 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, November 7th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $39.00.

Klaviyo Stock Performance

Shares of NYSE KVYO traded up $0.54 during trading on Friday, reaching $37.14. The company had a trading volume of 519,985 shares, compared to its average volume of 1,182,618. Klaviyo, Inc. has a 52 week low of $21.26 and a 52 week high of $41.00. The stock has a market cap of $10.01 billion, a PE ratio of -206.32 and a beta of 1.13. The business's 50 day moving average price is $36.62 and its 200-day moving average price is $30.04.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, topping 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 company had revenue of $235.09 million during the quarter, compared to the consensus estimate of $226.33 million. During the same period in the previous year, the firm posted ($1.24) earnings per share. The company's revenue was up 33.7% on a year-over-year basis. Equities analysts anticipate that Klaviyo, Inc. will post 0.03 earnings per share for the current year.

Insiders Place Their Bets

In related news, CTO Allen Chaves sold 130,000 shares of the business's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $31.85, for a total transaction of $4,140,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Amanda Whalen sold 10,000 shares of the business's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $29.72, for a total transaction of $297,200.00. Following the sale, the chief financial officer now directly owns 422,813 shares of the company's stock, valued at approximately $12,566,002.36. This trade represents a 2.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 352,969 shares of company stock valued at $11,447,138. Insiders own 53.24% of the company's stock.

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.