Claro Advisors LLC Sells 57,463 Shares of Klaviyo, Inc. (NYSE:KVYO)

Claro Advisors LLC lowered its stake in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,178,330 shares of the company's stock after selling 57,463 shares during the period. Klaviyo accounts for 6.6% of Claro Advisors LLC's holdings, making the stock its biggest position. Claro Advisors LLC owned about 0.44% of Klaviyo worth $48,594,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in KVYO. Capital Investment Advisors LLC bought a new position in Klaviyo during the fourth quarter worth about $621,000. Barclays PLC lifted its position in shares of Klaviyo by 1,202.0% in the third quarter. Barclays PLC now owns 12,825 shares of the company's stock valued at $453,000 after buying an additional 11,840 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Klaviyo by 45.1% in the third quarter. Geode Capital Management LLC now owns 786,186 shares of the company's stock valued at $27,827,000 after buying an additional 244,447 shares during the last quarter. Main Management ETF Advisors LLC bought a new position in shares of Klaviyo during the 3rd quarter worth approximately $1,126,000. Finally, XTX Topco Ltd increased its holdings in shares of Klaviyo by 79.7% during the 3rd quarter. XTX Topco Ltd now owns 43,775 shares of the company's stock worth $1,549,000 after acquiring an additional 19,412 shares during the last quarter. Institutional investors and hedge funds own 45.43% of the company's stock.

Klaviyo Price Performance

KVYO traded down $0.41 on Monday, hitting $39.00. 812,535 shares of the stock were exchanged, compared to its average volume of 874,948. The firm has a market capitalization of $10.52 billion, a price-to-earnings ratio of -216.65 and a beta of 0.57. The business has a 50-day moving average of $39.23 and a two-hundred day moving average of $34.01. 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 released its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.04. The firm had revenue of $235.09 million for the quarter, compared to analysts' expectations of $226.33 million. Klaviyo had a positive return on equity of 0.86% and a negative net margin of 5.23%. The business's revenue for the quarter was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.24) earnings per share. Equities research analysts expect that Klaviyo, Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $39.18, for a total value of $587,700.00. Following the completion of the transaction, the chief financial officer now directly owns 391,820 shares of the company's stock, valued at approximately $15,351,507.60. This trade represents a 3.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Stephen Eric Rowland sold 18,114 shares of Klaviyo stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $37.19, for a total value of $673,659.66. Following the completion of the sale, the president now owns 192,488 shares of the company's stock, valued at approximately $7,158,628.72. The trade was a 8.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 172,650 shares of company stock worth $6,582,805. Insiders own 53.24% of the company's stock.

Analyst Upgrades and Downgrades

KVYO has been the subject of several research reports. Needham & Company LLC raised their price target on Klaviyo from $40.00 to $46.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Loop Capital lifted their target price on shares of Klaviyo from $45.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. KeyCorp upped their price target on shares of Klaviyo from $42.00 to $45.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. William Blair restated an "outperform" rating on shares of Klaviyo in a research report on Thursday, December 19th. Finally, Robert W. Baird upped their target price on Klaviyo from $42.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $42.29.

Klaviyo 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.