Two Sigma Advisers LP Has $23.83 Million Stake in Klaviyo, Inc. (NYSE:KVYO)

Two Sigma Advisers LP increased its position in Klaviyo, Inc. (NYSE:KVYO - Free Report) by 121.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 673,500 shares of the company's stock after buying an additional 369,400 shares during the period. Two Sigma Advisers LP owned 0.25% of Klaviyo worth $23,828,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in KVYO. Lisanti Capital Growth LLC bought a new stake in shares of Klaviyo in the 3rd quarter worth approximately $5,513,000. Pier 88 Investment Partners LLC bought a new stake in shares of Klaviyo during the 3rd quarter worth $966,000. SpiderRock Advisors LLC lifted its stake in Klaviyo by 1,571.7% in the third quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company's stock worth $17,743,000 after purchasing an additional 471,500 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Klaviyo in the second quarter worth $747,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Klaviyo during the third quarter valued at about $5,113,000. Institutional investors own 45.43% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Benchmark reduced their price target 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 increased their price target on shares of Klaviyo from $34.00 to $45.00 and gave the company an "overweight" rating in a report on Friday, October 18th. Canaccord Genuity Group increased their price target on shares of Klaviyo from $32.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Wells Fargo & Company restated a "buy" rating on shares of Klaviyo in a research report on Friday, October 18th. Finally, Cantor Fitzgerald increased their price target on shares of Klaviyo from $33.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $39.00.

Klaviyo Stock Up 4.4 %

Shares of KVYO traded up $1.67 during trading on Friday, reaching $39.74. 1,841,648 shares of the company traded hands, compared to its average volume of 1,638,591. Klaviyo, Inc. has a twelve month low of $21.26 and a twelve month high of $41.00. The stock has a market cap of $10.72 billion, a PE ratio of -220.77 and a beta of 0.97. The stock has a 50-day simple moving average of $37.00 and a 200-day simple moving average of $30.56.

Klaviyo (NYSE:KVYO - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04. Klaviyo had a negative net margin of 5.23% and a positive return on equity of 0.86%. The business had revenue of $235.09 million during the quarter, compared to analyst estimates of $226.33 million. During the same quarter last year, the firm posted ($1.24) earnings per share. The business's revenue for the quarter was up 33.7% compared to the same quarter last year. On average, equities research analysts predict that Klaviyo, Inc. will post 0.03 EPS for the current year.

Insider Transactions at Klaviyo

In other Klaviyo news, CTO Allen Chaves sold 130,000 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $31.85, for a total value of $4,140,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Stephen Eric Rowland sold 4,536 shares of the firm's stock in a transaction 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 in the company, valued at $6,455,289.60. The trade was a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 342,969 shares of company stock valued at $11,149,938 in the last ninety days. 53.24% of the stock is currently owned by company insiders.

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.