Barclays PLC Acquires 11,840 Shares of Klaviyo, Inc. (NYSE:KVYO)

Barclays PLC raised its holdings in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) by 1,202.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,825 shares of the company's stock after purchasing an additional 11,840 shares during the period. Barclays PLC's holdings in Klaviyo were worth $453,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in KVYO. Advisors Asset Management Inc. boosted its stake 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 in the last quarter. nVerses Capital LLC purchased a new position in Klaviyo in the third quarter worth about $53,000. West Tower Group LLC bought a new position in shares of Klaviyo in the third quarter worth approximately $177,000. Victory Capital Management Inc. purchased a new stake in shares of Klaviyo during the third quarter valued at approximately $208,000. Finally, William Marsh Rice University bought a new stake in shares of Klaviyo during the third quarter valued at approximately $245,000. 45.43% of the stock is currently owned by hedge funds and other institutional investors.

Klaviyo Price Performance

Shares of KVYO stock traded up $0.32 during trading hours on Friday, reaching $40.15. 860,265 shares of the company traded hands, compared to its average volume of 1,078,642. The firm has a 50-day moving average price of $39.49 and a 200 day moving average price of $34.37. The company has a market cap of $10.83 billion, a P/E ratio of -223.05 and a beta of 0.57. Klaviyo, Inc. has a 12-month low of $21.26 and a 12-month high of $44.77.

Klaviyo (NYSE:KVYO - Get Free Report) last posted its quarterly 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. The business had revenue of $235.09 million during the quarter, compared to analyst estimates 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 was up 33.7% on a year-over-year basis. During the same period in the prior year, the business posted ($1.24) earnings per share. Sell-side analysts predict that Klaviyo, Inc. will post 0.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Macquarie reaffirmed a "neutral" rating and issued a $36.00 price objective on shares of Klaviyo in a research report on Friday, November 8th. Stifel Nicolaus started coverage on Klaviyo in a research report on Tuesday, October 22nd. They set a "buy" rating and a $45.00 price objective on the stock. Barclays lifted their price objective on Klaviyo from $32.00 to $41.00 and gave the stock an "overweight" rating in a report on Friday, October 11th. Canaccord Genuity Group upped their target price on shares of Klaviyo from $32.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Finally, Robert W. Baird lifted their price target on shares of Klaviyo from $42.00 to $45.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $42.29.

Insiders Place Their Bets

In related news, CFO Amanda Whalen sold 15,000 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.56, for a total transaction of $518,400.00. Following the completion of the transaction, the chief financial officer now owns 395,616 shares in the company, valued at approximately $13,672,488.96. This represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Stephen Eric Rowland sold 4,536 shares of the firm's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $40.04, for a total transaction of $181,621.44. Following the transaction, the president now directly owns 260,403 shares of the company's stock, valued at $10,426,536.12. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 159,072 shares of company stock worth $6,090,767. Corporate insiders own 53.24% of the company's stock.

Klaviyo Company 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.