Sei Investments Co. Takes Position in Klaviyo, Inc. (NYSE:KVYO)

Sei Investments Co. acquired a new stake in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 43,190 shares of the company's stock, valued at approximately $1,781,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Klaviyo during the fourth quarter valued at about $196,000. US Bancorp DE acquired a new stake in Klaviyo during the 4th quarter worth approximately $199,000. Keybank National Association OH acquired a new stake in Klaviyo during the 4th quarter worth approximately $203,000. Bank Julius Baer & Co. Ltd Zurich grew its holdings in Klaviyo by 8.0% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,836 shares of the company's stock worth $220,000 after acquiring an additional 359 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Klaviyo by 10.3% in the 4th quarter. Victory Capital Management Inc. now owns 6,469 shares of the company's stock valued at $267,000 after acquiring an additional 604 shares during the period. Institutional investors own 45.43% of the company's stock.

Klaviyo Stock Performance

Shares of NYSE KVYO traded down $1.58 during midday trading on Thursday, hitting $27.50. 2,083,557 shares of the stock traded hands, compared to its average volume of 1,279,941. Klaviyo, Inc. has a one year low of $21.26 and a one year high of $49.55. The business has a 50 day moving average price of $37.05 and a two-hundred day moving average price of $38.42. The company has a market cap of $7.51 billion, a PE ratio of -152.75 and a beta of 1.39.

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Klaviyo (NYSE:KVYO - Get Free Report) last posted its 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 business had revenue of $270.16 million for the quarter, compared to the consensus estimate 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 forecast that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

Insider Transactions at Klaviyo

In related news, CFO Amanda Whalen sold 15,000 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $39.18, for a total transaction of $587,700.00. Following the completion of the transaction, the chief financial officer now owns 391,820 shares in the company, valued at approximately $15,351,507.60. This represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Jeff Fagnan acquired 3,900 shares of the firm's stock in a transaction that occurred on Wednesday, April 9th. The shares were bought at an average price of $25.77 per share, with a total value of $100,503.00. Following the acquisition, the insider now directly owns 3,900 shares of the company's stock, valued at $100,503. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 2,086,246 shares of company stock worth $68,127,958 in the last quarter. 53.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on KVYO shares. Wells Fargo & Company reduced their price objective on shares of Klaviyo from $48.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 20th. Citigroup increased their price target on Klaviyo from $39.00 to $48.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. Morgan Stanley lifted their price objective on Klaviyo from $47.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 20th. Robert W. Baird upped their target price on Klaviyo from $52.00 to $54.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Finally, Needham & Company LLC raised their price target on shares of Klaviyo from $46.00 to $56.00 and gave the stock a "buy" rating in a 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, Klaviyo currently has an average rating of "Moderate Buy" and a consensus target price of $49.89.

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.