Oak Ridge Investments LLC Makes New Investment in Klaviyo, Inc. (NYSE:KVYO)

Oak Ridge Investments LLC bought a new stake in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 39,919 shares of the company's stock, valued at approximately $1,646,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KVYO. Capital Investment Advisors LLC purchased a new position in shares of Klaviyo during the 4th quarter worth approximately $621,000. Barclays PLC increased its position in Klaviyo by 1,202.0% during the third quarter. Barclays PLC now owns 12,825 shares of the company's stock worth $453,000 after buying an additional 11,840 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Klaviyo by 45.1% in the third quarter. Geode Capital Management LLC now owns 786,186 shares of the company's stock worth $27,827,000 after acquiring an additional 244,447 shares during the last quarter. Main Management ETF Advisors LLC purchased a new stake in shares of Klaviyo in the third quarter valued at $1,126,000. Finally, XTX Topco Ltd lifted its position in shares of Klaviyo by 79.7% in the third quarter. XTX Topco Ltd now owns 43,775 shares of the company's stock valued at $1,549,000 after acquiring an additional 19,412 shares in the last quarter. Institutional investors and hedge funds own 45.43% of the company's stock.

Klaviyo Stock Performance

KVYO traded up $0.32 on Friday, reaching $40.15. 860,265 shares of the company's stock were exchanged, compared to its average volume of 1,078,642. Klaviyo, Inc. has a twelve month low of $21.26 and a twelve month high of $44.77. The company's 50 day moving average is $39.49 and its 200-day moving average is $34.37. The company has a market cap of $10.83 billion, a price-to-earnings ratio of -223.05 and a beta of 0.57.

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, topping the consensus estimate of $0.11 by $0.04. The company had revenue of $235.09 million during the quarter, compared to analyst estimates of $226.33 million. Klaviyo had a negative net margin of 5.23% and a positive return on equity of 0.86%. The business's quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.24) earnings per share. Sell-side analysts forecast that Klaviyo, Inc. will post 0.03 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on KVYO shares. KeyCorp boosted their target price on shares of Klaviyo from $42.00 to $45.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. Canaccord Genuity Group boosted their price objective on shares of Klaviyo from $32.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Benchmark decreased their target price on shares of Klaviyo from $42.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Piper Sandler boosted their price target on Klaviyo from $45.00 to $50.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Finally, William Blair restated an "outperform" rating on shares of Klaviyo in a report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Klaviyo has an average rating of "Moderate Buy" and a consensus target price of $42.29.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, 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 value of $156,764.16. Following the completion of the sale, the president now owns 186,785 shares of the company's stock, valued at $6,455,289.60. This trade represents a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Amanda Whalen sold 15,000 shares of the business's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $34.56, for a total transaction of $518,400.00. Following the transaction, the chief financial officer now directly owns 395,616 shares in the company, valued at approximately $13,672,488.96. The trade was a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 159,072 shares of company stock valued at $6,090,767 over the last three months. 53.24% of the stock is owned by company insiders.

About Klaviyo

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.