Klaviyo (NYSE:KVYO) Sets New 52-Week High - What's Next?

Klaviyo, Inc. (NYSE:KVYO - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $48.02 and last traded at $48.47, with a volume of 375005 shares. The stock had previously closed at $46.69.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Piper Sandler raised their price target on shares of Klaviyo from $45.00 to $50.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. William Blair reissued an "outperform" rating on shares of Klaviyo in a report on Thursday, December 19th. Cantor Fitzgerald increased their price objective on Klaviyo from $33.00 to $47.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Macquarie reissued a "neutral" rating and set a $36.00 price objective on shares of Klaviyo in a report on Friday, November 8th. Finally, Morgan Stanley raised their target price on shares of Klaviyo from $38.00 to $47.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.63.

Klaviyo Trading Down 1.4 %

The firm has a market capitalization of $12.67 billion, a P/E ratio of -260.99 and a beta of 0.60. The firm has a 50 day moving average price of $42.17 and a 200-day moving average price of $36.45.

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

Insider Buying and Selling

In other Klaviyo news, CFO Amanda Whalen sold 15,000 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $45.85, for a total transaction of $687,750.00. Following the transaction, the chief financial officer now directly owns 376,820 shares in the company, valued at $17,277,197. This trade represents a 3.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Stephen Eric Rowland sold 4,536 shares of the company's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $40.04, for a total transaction of $181,621.44. Following the completion of the sale, the president now directly owns 260,403 shares of the company's stock, valued at approximately $10,426,536.12. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 174,072 shares of company stock valued at $6,778,517. Company insiders own 53.24% of the company's stock.

Institutional Investors Weigh In On Klaviyo

Institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. raised its stake in Klaviyo by 145.6% in the third quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company's stock valued at $48,000 after buying an additional 808 shares during the last quarter. nVerses Capital LLC purchased a new position in Klaviyo in the 3rd quarter valued at about $53,000. West Tower Group LLC acquired a new position in Klaviyo in the 3rd quarter valued at $177,000. SBI Securities Co. Ltd. acquired a new position in Klaviyo during the fourth quarter worth about $196,000. Finally, US Bancorp DE purchased a new stake in shares of Klaviyo in the fourth quarter valued at approximately $199,000. 45.43% of the stock is currently owned by institutional investors and hedge funds.

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.