Telemark Asset Management LLC Purchases New Shares in Klaviyo, Inc. (NYSE:KVYO)

Telemark Asset Management LLC acquired a new position in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 100,000 shares of the company's stock, valued at approximately $4,124,000.

Other large investors also recently bought and sold shares of the company. Advisors Asset Management Inc. raised its position in Klaviyo by 145.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company's stock worth $48,000 after buying an additional 808 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Klaviyo during the 4th quarter worth $196,000. US Bancorp DE purchased a new position in Klaviyo during the 4th quarter worth $199,000. Bank Julius Baer & Co. Ltd Zurich raised its position 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 buying an additional 359 shares during the last quarter. Finally, Keybank National Association OH purchased a new position in Klaviyo during the 4th quarter worth $203,000. Hedge funds and other institutional investors own 45.43% of the company's stock.

Insider Transactions at Klaviyo

In other news, CFO Amanda Whalen sold 15,000 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $39.39, for a total transaction of $590,850.00. Following the transaction, the chief financial officer now directly owns 391,820 shares in the company, valued at $15,433,789.80. This represents a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Stephen Eric Rowland sold 4,536 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $40.04, for a total transaction of $181,621.44. Following the transaction, the president now owns 260,403 shares in the company, valued at approximately $10,426,536.12. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 126,246 shares of company stock worth $5,007,708 in the last three months. Company insiders own 53.24% of the company's stock.

Klaviyo Price Performance

Klaviyo stock opened at $34.67 on Thursday. Klaviyo, Inc. has a 12-month low of $21.26 and a 12-month high of $49.55. The stock has a market capitalization of $9.47 billion, a P/E ratio of -192.61 and a beta of 0.86. The firm's 50-day moving average is $42.43 and its two-hundred day moving average is $38.65.

Remove Ads

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Robert W. Baird upped their price objective on shares of Klaviyo from $52.00 to $54.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Mizuho increased their price target on shares of Klaviyo from $42.00 to $52.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Barclays increased their price target on shares of Klaviyo from $47.00 to $51.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. The Goldman Sachs Group increased their price target on shares of Klaviyo from $45.00 to $51.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Finally, Scotiabank increased their price target on shares of Klaviyo from $35.00 to $45.00 and gave the company a "sector perform" rating in a report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.

Want to see what other hedge funds are holding KVYO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Klaviyo, Inc. (NYSE:KVYO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.