Klaviyo, Inc. (NYSE:KVYO) Stock Position Decreased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC reduced its position in Klaviyo, Inc. (NYSE:KVYO - Free Report) by 15.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 132,465 shares of the company's stock after selling 23,345 shares during the quarter. Klaviyo comprises about 1.3% of Lisanti Capital Growth LLC's holdings, making the stock its 26th largest position. Lisanti Capital Growth LLC's holdings in Klaviyo were worth $5,463,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of KVYO. Advisors Asset Management Inc. boosted its stake in shares of 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 in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Klaviyo during the 4th quarter worth $196,000. US Bancorp DE acquired a new position in shares of Klaviyo during the 4th quarter worth $199,000. Keybank National Association OH purchased a new position in shares of Klaviyo in the 4th quarter valued at about $203,000. Finally, West Tower Group LLC acquired a new stake in shares of Klaviyo in the third quarter valued at about $177,000. Hedge funds and other institutional investors own 45.43% of the company's stock.

Insider Activity

In other Klaviyo news, CFO Amanda Whalen sold 15,000 shares of the firm's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $39.39, for a total transaction of $590,850.00. Following the completion of the transaction, the chief financial officer now directly owns 391,820 shares of the company's stock, valued at $15,433,789.80. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Stephen Eric Rowland sold 36,710 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $35.08, for a total value of $1,287,786.80. Following the completion of the sale, the president now directly owns 246,254 shares of the company's stock, valued at approximately $8,638,590.32. This represents a 12.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 126,246 shares of company stock worth $5,007,708. 53.24% of the stock is currently owned by company insiders.

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Klaviyo Stock Performance

Shares of NYSE:KVYO traded up $1.54 during midday trading on Tuesday, hitting $33.28. 1,334,391 shares of the company's stock traded hands, compared to its average volume of 1,224,489. The firm's fifty day moving average price is $42.72 and its two-hundred day moving average price is $38.67. Klaviyo, Inc. has a twelve month low of $21.26 and a twelve month high of $49.55. The company has a market cap of $9.09 billion, a PE ratio of -184.88 and a beta of 0.86.

Klaviyo (NYSE:KVYO - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.12). The company had revenue of $270.16 million for the quarter, compared to analyst estimates of $257.24 million. Klaviyo had a positive return on equity of 0.89% and a negative net margin of 4.92%. As a group, equities research analysts anticipate that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on KVYO shares. Loop Capital increased their target price on shares of Klaviyo from $45.00 to $60.00 and gave the company a "buy" rating in a report on Monday, December 23rd. Needham & Company LLC upped their price target on Klaviyo from $46.00 to $56.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Citigroup lifted their price objective on Klaviyo from $39.00 to $48.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Piper Sandler upped their target price on Klaviyo from $50.00 to $53.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Finally, Barclays raised their price target on Klaviyo from $47.00 to $51.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $49.44.

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.