Klaviyo, Inc. (NYSE:KVYO) Short Interest Down 24.6% in November

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 5,800,000 shares, a decrease of 24.6% from the November 15th total of 7,690,000 shares. Based on an average daily volume of 1,200,000 shares, the days-to-cover ratio is currently 4.8 days. Approximately 11.1% of the company's shares are short sold.

Insider Activity

In other Klaviyo news, CTO Allen Chaves sold 130,000 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $31.85, for a total transaction of $4,140,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Amanda Whalen sold 1,050 shares of the business's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $40.07, for a total transaction of $42,073.50. Following the transaction, the chief financial officer now owns 395,616 shares in the company, valued at $15,852,333.12. This represents a 0.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 260,764 shares of company stock valued at $8,792,237 in the last 90 days. 53.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On Klaviyo

A number of hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. increased its position in shares of Klaviyo by 145.6% during 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 last quarter. nVerses Capital LLC purchased a new stake in shares of Klaviyo in the third quarter worth about $53,000. West Tower Group LLC bought a new position in Klaviyo in the 3rd quarter valued at $177,000. Victory Capital Management Inc. purchased a new position in Klaviyo during the third quarter worth about $208,000. Finally, William Marsh Rice University purchased a new position in shares of Klaviyo during the third quarter worth about $245,000. 45.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KVYO has been the topic of a number of research reports. Cantor Fitzgerald upped their price target on shares of Klaviyo from $33.00 to $47.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Canaccord Genuity Group increased their price objective on shares of Klaviyo from $32.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. KeyCorp lifted their price target on Klaviyo from $42.00 to $45.00 and gave the company an "overweight" rating in a research note on Friday. Barclays upped their price objective on shares of Klaviyo from $32.00 to $41.00 and gave the stock an "overweight" rating in a research report on Friday, October 11th. Finally, Macquarie reaffirmed a "neutral" rating and issued a $36.00 target price on shares of Klaviyo in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $39.69.

Klaviyo Stock Performance

Shares of Klaviyo stock traded up $0.04 on Friday, reaching $39.28. 449,899 shares of the company's stock were exchanged, compared to its average volume of 1,178,836. The firm's 50-day moving average is $37.34 and its two-hundred day moving average is $30.94. The company has a market capitalization of $10.59 billion, a P/E ratio of -221.27 and a beta of 0.97. Klaviyo has a 52 week low of $21.26 and a 52 week high of $41.00.

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

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.