Klaviyo (NYSE:KVYO) Sets New 1-Year High - Still a Buy?

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $39.19 and last traded at $38.85, with a volume of 83282 shares traded. The stock had previously closed at $38.27.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. KeyCorp upgraded shares of Klaviyo from a "sector weight" rating to an "overweight" rating and set a $33.00 price objective for the company in a research report on Thursday, August 8th. Piper Sandler boosted their price objective on Klaviyo from $34.00 to $45.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. Stifel Nicolaus started coverage on Klaviyo in a research note on Tuesday. They issued a "buy" rating and a $45.00 price objective for the company. Barclays increased their price target on Klaviyo from $32.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, October 11th. Finally, Cantor Fitzgerald boosted their target price on Klaviyo from $31.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $37.38.

Klaviyo Stock Performance

The business's fifty day moving average price is $33.68 and its two-hundred day moving average price is $27.47. The firm has a market capitalization of $10.24 billion and a P/E ratio of -27.41.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.10 by $0.05. The firm had revenue of $222.21 million during the quarter, compared to analyst estimates of $212.34 million. Klaviyo had a negative net margin of 42.15% and a negative return on equity of 32.19%. Klaviyo's revenue was up 35.0% on a year-over-year basis. During the same period last year, the firm posted $0.09 EPS. Sell-side analysts predict that Klaviyo, Inc. will post -0.01 earnings per share for the current year.

Insider Transactions at Klaviyo

In related news, CFO Amanda Whalen sold 60,000 shares of the business's stock in a transaction on Friday, August 9th. The shares were sold at an average price of $30.23, for a total transaction of $1,813,800.00. Following the completion of the transaction, the chief financial officer now directly owns 435,993 shares in the company, valued at $13,180,068.39. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CTO Allen Chaves sold 130,000 shares of the business's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $31.59, for a total value of $4,106,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Amanda Whalen sold 60,000 shares of the firm's stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $30.23, for a total transaction of $1,813,800.00. Following the completion of the transaction, the chief financial officer now directly owns 435,993 shares in the company, valued at $13,180,068.39. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 871,477 shares of company stock worth $27,610,861 over the last three months. 53.24% of the stock is currently owned by insiders.

Institutional Trading of Klaviyo

Several large investors have recently made changes to their positions in the company. nVerses Capital LLC acquired a new position in shares of Klaviyo during the 3rd quarter worth approximately $53,000. EntryPoint Capital LLC purchased a new stake in shares of Klaviyo during the 1st quarter valued at approximately $71,000. SG Americas Securities LLC acquired a new position in Klaviyo in the second quarter valued at approximately $236,000. William Marsh Rice University purchased a new position in Klaviyo in the third quarter worth approximately $245,000. Finally, Creative Planning purchased a new position in Klaviyo in the third quarter worth approximately $254,000. 45.43% of the stock is currently owned by hedge funds and other institutional investors.

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.