Klaviyo (NYSE:KVYO) Price Target Raised to $50.00

Klaviyo (NYSE:KVYO - Free Report) had its target price upped by Piper Sandler from $45.00 to $50.00 in a report released on Monday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research firms have also recently weighed in on KVYO. Robert W. Baird increased their price objective on shares of Klaviyo from $42.00 to $45.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Needham & Company LLC raised their price target on shares of Klaviyo from $40.00 to $46.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Benchmark reduced their price objective on Klaviyo from $42.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Canaccord Genuity Group raised their target price on Klaviyo from $32.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Finally, Stifel Nicolaus assumed coverage on Klaviyo in a research report on Tuesday, October 22nd. They set a "buy" rating and a $45.00 price target for the company. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $41.18.

Klaviyo Stock Up 0.4 %

KVYO stock traded up $0.19 during midday trading on Monday, reaching $42.64. The company had a trading volume of 834,116 shares, compared to its average volume of 786,539. The firm has a market capitalization of $11.50 billion, a PE ratio of -236.88 and a beta of 0.57. The stock has a 50 day moving average price of $39.09 and a 200 day moving average price of $33.41. Klaviyo has a fifty-two week low of $21.26 and a fifty-two week high of $44.77.

Klaviyo (NYSE:KVYO - Get Free Report) last released its quarterly earnings data 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. Klaviyo had a positive return on equity of 0.86% and a negative net margin of 5.23%. The business had revenue of $235.09 million during the quarter, compared to analyst estimates of $226.33 million. During the same quarter in the previous year, the firm posted ($1.24) EPS. The business's revenue for the quarter was up 33.7% compared to the same quarter last year. Research analysts predict that Klaviyo will post 0.03 EPS for the current year.

Insider Activity at Klaviyo

In other Klaviyo news, President Stephen Eric Rowland sold 4,536 shares of the business'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 $156,764.16. Following the sale, the president now directly owns 186,785 shares of the company's stock, valued at $6,455,289.60. The trade was a 2.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Amanda Whalen sold 15,000 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $39.39, for a total value of $590,850.00. Following the completion of the sale, the chief financial officer now owns 391,820 shares of the company's stock, valued at $15,433,789.80. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 117,650 shares of company stock valued at $4,323,105 over the last ninety days. Insiders own 53.24% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KVYO. Barclays PLC increased its holdings in shares of Klaviyo by 1,202.0% in the 3rd quarter. Barclays PLC now owns 12,825 shares of the company's stock valued at $453,000 after purchasing an additional 11,840 shares during the period. Geode Capital Management LLC grew its position in Klaviyo by 45.1% during the third quarter. Geode Capital Management LLC now owns 786,186 shares of the company's stock valued at $27,827,000 after purchasing an additional 244,447 shares in the last quarter. Main Management ETF Advisors LLC acquired a new position in Klaviyo in the 3rd quarter valued at approximately $1,126,000. XTX Topco Ltd lifted its position in Klaviyo by 79.7% in the 3rd quarter. XTX Topco Ltd now owns 43,775 shares of the company's stock worth $1,549,000 after buying an additional 19,412 shares in the last quarter. Finally, Whale Rock Capital Management LLC boosted its stake in shares of Klaviyo by 608.9% during the 3rd quarter. Whale Rock Capital Management LLC now owns 3,600,606 shares of the company's stock valued at $127,389,000 after buying an additional 3,092,725 shares during the period. 45.43% of the stock is 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.