Klaviyo, Inc. (NYSE:KVYO) President Sells $1,287,786.80 in Stock

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) President Stephen Eric Rowland sold 36,710 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $35.08, for a total transaction of $1,287,786.80. Following the completion of the sale, the president now directly owns 246,254 shares of the company's stock, valued at $8,638,590.32. The trade was a 12.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Stephen Eric Rowland also recently made the following trade(s):

• On Wednesday, January 15th, Stephen Eric Rowland sold 4,536 shares of Klaviyo stock. The shares were sold at an average price of $40.04, for a total value of $181,621.44.

Klaviyo Trading Up 4.8 %

NYSE:KVYO traded up $1.54 during trading hours on Tuesday, hitting $33.28. 1,334,391 shares of the company traded hands, compared to its average volume of 1,226,759. Klaviyo, Inc. has a twelve month low of $21.26 and a twelve month high of $49.55. The firm has a 50-day moving average of $42.72 and a 200 day moving average of $38.67. The stock has a market capitalization of $9.09 billion, a price-to-earnings ratio of -184.88 and a beta of 0.86.

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

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Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Alpha Wealth Funds LLC acquired a new position in shares of Klaviyo in the 4th quarter valued at $209,000. Total Wealth Planning & Management Inc. acquired a new stake in Klaviyo during the fourth quarter valued at approximately $397,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Klaviyo by 76.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,178 shares of the company's stock worth $4,338,000 after buying an additional 45,523 shares during the period. Voloridge Investment Management LLC boosted its stake in Klaviyo by 15.7% in the 4th quarter. Voloridge Investment Management LLC now owns 922,832 shares of the company's stock valued at $38,058,000 after buying an additional 125,352 shares in the last quarter. Finally, Washington Harbour Partners LP bought a new stake in Klaviyo in the fourth quarter valued at $1,794,000. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Robert W. Baird increased their target price on Klaviyo from $52.00 to $54.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Scotiabank boosted their target price on shares of Klaviyo from $35.00 to $45.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 29th. Piper Sandler upped their target price on shares of Klaviyo from $50.00 to $53.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th. KeyCorp lifted 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, December 13th. Finally, Barclays upped their price objective on shares of Klaviyo from $47.00 to $51.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $49.44.

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.