Trexquant Investment LP Sells 38,296 Shares of Klaviyo, Inc. (NYSE:KVYO)

Trexquant Investment LP lessened its holdings in Klaviyo, Inc. (NYSE:KVYO - Free Report) by 37.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,945 shares of the company's stock after selling 38,296 shares during the period. Trexquant Investment LP's holdings in Klaviyo were worth $2,678,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of Klaviyo by 12.2% in the 4th quarter. Geode Capital Management LLC now owns 882,460 shares of the company's stock valued at $36,409,000 after acquiring an additional 96,274 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Klaviyo by 48.6% in the fourth quarter. Franklin Resources Inc. now owns 1,943,523 shares of the company's stock worth $80,151,000 after purchasing an additional 635,962 shares during the last quarter. B. Metzler seel. Sohn & Co. AG purchased a new stake in Klaviyo in the fourth quarter valued at approximately $1,934,000. Pier 88 Investment Partners LLC lifted its position in Klaviyo by 41.8% during the fourth quarter. Pier 88 Investment Partners LLC now owns 38,700 shares of the company's stock valued at $1,596,000 after purchasing an additional 11,400 shares during the last quarter. Finally, Clearbridge Investments LLC grew its stake in Klaviyo by 0.9% in the 4th quarter. Clearbridge Investments LLC now owns 2,168,336 shares of the company's stock worth $89,422,000 after buying an additional 19,567 shares in the last quarter. Institutional investors own 45.43% of the company's stock.

Klaviyo Stock Down 1.2 %

Shares of NYSE:KVYO traded down $0.34 during midday trading on Friday, hitting $27.03. 1,521,302 shares of the stock traded hands, compared to its average volume of 1,281,179. The stock has a market capitalization of $7.38 billion, a PE ratio of -150.16 and a beta of 1.39. Klaviyo, Inc. has a one year low of $21.26 and a one year high of $49.55. The business's 50 day moving average is $36.63 and its two-hundred day moving average is $38.37.

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Klaviyo (NYSE:KVYO - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported ($0.06) earnings per share 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 business had revenue of $270.16 million during the quarter, compared to analysts' expectations of $257.24 million. As a group, sell-side analysts forecast that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. KeyCorp raised their price objective on shares of Klaviyo from $42.00 to $45.00 and gave the company an "overweight" rating in a research report on Friday, December 13th. William Blair reaffirmed an "outperform" rating on shares of Klaviyo in a research note on Thursday, February 20th. Stifel Nicolaus upped their price objective on Klaviyo from $45.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Scotiabank raised their price objective on Klaviyo from $35.00 to $45.00 and gave the company a "sector perform" rating in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group upped their target price on Klaviyo from $45.00 to $51.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.89.

Insider Activity at Klaviyo

In other news, CFO Amanda Whalen sold 15,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $45.85, for a total value of $687,750.00. Following the completion of the transaction, the chief financial officer now owns 376,820 shares of the company's stock, valued at approximately $17,277,197. This represents a 3.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Summit Partners L. P sold 2,000,000 shares of Klaviyo stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $32.44, for a total value of $64,880,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,086,246 shares of company stock worth $67,940,758 over the last quarter. Corporate insiders own 53.24% of the company's stock.

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.