Amanda Whalen Sells 15,000 Shares of Klaviyo, Inc. (NYSE:KVYO) Stock

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) CFO Amanda Whalen sold 15,000 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $33.54, for a total value of $503,100.00. Following the completion of the sale, the chief financial officer now owns 349,623 shares in the company, valued at $11,726,355.42. The trade was a 4.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, February 3rd, Amanda Whalen sold 15,000 shares of Klaviyo stock. The shares were sold at an average price of $45.85, for a total value of $687,750.00.
• 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.

Klaviyo Price Performance

Shares of NYSE:KVYO traded up $0.08 during midday trading on Friday, hitting $32.99. The company had a trading volume of 887,667 shares, compared to its average volume of 1,196,981. Klaviyo, Inc. has a twelve month low of $21.26 and a twelve month high of $49.55. The stock has a market cap of $9.01 billion, a price-to-earnings ratio of -183.30 and a beta of 0.86. The business's 50-day simple moving average is $41.23 and its 200-day simple moving average is $38.65.

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

Institutional Trading of Klaviyo

Several hedge funds have recently made changes to their positions in the company. Whale Rock Capital Management LLC lifted its holdings in Klaviyo by 608.9% in the third quarter. Whale Rock Capital Management LLC now owns 3,600,606 shares of the company's stock valued at $127,389,000 after acquiring an additional 3,092,725 shares during the last quarter. Focus Partners Wealth acquired a new position in shares of Klaviyo in the 4th quarter valued at $38,870,000. D. E. Shaw & Co. Inc. grew its holdings in shares of Klaviyo by 195.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,310,227 shares of the company's stock worth $54,034,000 after purchasing an additional 866,749 shares during the period. Lord Abbett & CO. LLC acquired a new stake in shares of Klaviyo during the 4th quarter worth about $30,851,000. Finally, Ameriprise Financial Inc. raised its holdings in Klaviyo by 229.5% in the 4th quarter. Ameriprise Financial Inc. now owns 982,134 shares of the company's stock valued at $40,507,000 after buying an additional 684,026 shares during the period. Hedge funds and other institutional investors own 45.43% of the company's stock.

Analyst Upgrades and Downgrades

KVYO has been the topic of several analyst reports. Scotiabank raised their price target on shares of Klaviyo from $35.00 to $45.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 29th. Stephens started coverage on Klaviyo in a research note on Wednesday. They issued an "overweight" rating and a $43.00 price target for the company. Canaccord Genuity Group increased their price target on Klaviyo from $40.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Wells Fargo & Company cut 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, Citigroup upped their target price on Klaviyo from $39.00 to $48.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $49.89.

About Klaviyo

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.