Klaviyo, Inc. (NYSE:KVYO) CFO Sells $590,850.00 in Stock

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $39.39, for a total value of $590,850.00. Following the transaction, the chief financial officer now owns 391,820 shares in the company, valued at approximately $15,433,789.80. This represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, December 9th, Amanda Whalen sold 1,050 shares of Klaviyo stock. The stock was 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 value of $958,958.00.
• On Monday, November 18th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The stock was sold at an average price of $34.56, for a total transaction of $518,400.00.
• On Friday, October 4th, Amanda Whalen sold 10,000 shares of Klaviyo stock. The shares were sold at an average price of $35.36, for a total transaction of $353,600.00.

Klaviyo Stock Performance

NYSE:KVYO traded down $0.18 during mid-day trading on Friday, hitting $39.06. The stock had a trading volume of 910,602 shares, compared to its average volume of 1,180,864. Klaviyo, Inc. has a twelve month low of $21.26 and a twelve month high of $41.00. The stock has a market cap of $10.53 billion, a price-to-earnings ratio of -221.27 and a beta of 0.97. The company's 50 day simple moving average is $37.34 and its 200 day simple moving average is $30.94.

Klaviyo (NYSE:KVYO - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.04. The firm had revenue of $235.09 million during 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 company's revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.24) earnings per share. As a group, equities analysts forecast that Klaviyo, Inc. will post 0.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

KVYO has been the topic of several research reports. Wells Fargo & Company reaffirmed a "buy" rating on shares of Klaviyo in a research report on Friday, October 18th. Benchmark cut their price target on Klaviyo from $42.00 to $40.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Stifel Nicolaus initiated coverage on Klaviyo in a report on Tuesday, October 22nd. They set a "buy" rating and a $45.00 price objective for the company. Robert W. Baird boosted their target price on Klaviyo from $42.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Finally, KeyCorp raised their price target on shares of Klaviyo from $42.00 to $45.00 and gave the stock an "overweight" rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $39.69.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC lifted its position in Klaviyo by 1,202.0% during the third quarter. Barclays PLC now owns 12,825 shares of the company's stock worth $453,000 after acquiring an additional 11,840 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Klaviyo by 45.1% during the third quarter. Geode Capital Management LLC now owns 786,186 shares of the company's stock worth $27,827,000 after purchasing an additional 244,447 shares during the period. Main Management ETF Advisors LLC acquired a new stake in Klaviyo during the 3rd quarter worth approximately $1,126,000. XTX Topco Ltd boosted its stake in Klaviyo by 79.7% in the 3rd quarter. XTX Topco Ltd now owns 43,775 shares of the company's stock valued at $1,549,000 after purchasing an additional 19,412 shares during the period. Finally, Whale Rock Capital Management LLC grew its holdings in Klaviyo by 608.9% in the 3rd quarter. Whale Rock Capital Management LLC now owns 3,600,606 shares of the company's stock valued at $127,389,000 after buying an additional 3,092,725 shares in the last quarter. Institutional investors and hedge funds own 45.43% of the company's stock.

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.

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