Klaviyo (KVYO) Projected to Post Earnings on Wednesday

Klaviyo (NYSE:KVYO - Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $257.24 million for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Klaviyo Stock Down 2.1 %

NYSE:KVYO traded down $0.99 on Friday, hitting $47.01. The stock had a trading volume of 1,458,917 shares, compared to its average volume of 1,069,195. The stock has a market cap of $12.68 billion, a price-to-earnings ratio of -261.17 and a beta of 0.60. The company has a fifty day moving average price of $43.11 and a two-hundred day moving average price of $37.21. Klaviyo has a 1-year low of $21.26 and a 1-year high of $49.55.

Insider Buying and Selling

In other Klaviyo news, CFO Amanda Whalen sold 15,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $34.56, for a total value of $518,400.00. Following the sale, the chief financial officer now directly owns 395,616 shares of the company's stock, valued at approximately $13,672,488.96. This represents a 3.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, President Stephen Eric Rowland sold 4,536 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $34.56, for a total transaction of $156,764.16. Following the completion of the sale, the president now directly owns 186,785 shares in the company, valued at approximately $6,455,289.60. This represents a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 174,072 shares of company stock valued at $6,778,517 in the last ninety days. Company insiders own 53.24% of the company's stock.

Wall Street Analyst Weigh In

KVYO has been the topic of several recent analyst reports. Macquarie reiterated a "neutral" rating and issued a $36.00 target price on shares of Klaviyo in a report on Friday, November 8th. KeyCorp upped their price objective on shares of Klaviyo from $42.00 to $45.00 and gave the stock an "overweight" rating in a report on Friday, December 13th. Loop Capital upped their price objective on shares of Klaviyo from $45.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. William Blair restated an "outperform" rating on shares of Klaviyo in a report on Thursday, December 19th. Finally, Citigroup upped their price objective on shares of Klaviyo from $39.00 to $48.00 and gave the stock a "neutral" rating in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $44.29.

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.