Voya Investment Management LLC Raises Holdings in Klaviyo, Inc. (NYSE:KVYO)

Voya Investment Management LLC boosted its holdings in Klaviyo, Inc. (NYSE:KVYO - Free Report) by 47.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,851,679 shares of the company's stock after purchasing an additional 592,884 shares during the quarter. Voya Investment Management LLC owned about 0.69% of Klaviyo worth $76,363,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Y Intercept Hong Kong Ltd bought a new position in Klaviyo during the 4th quarter valued at approximately $374,000. Handelsbanken Fonder AB purchased a new stake in shares of Klaviyo in the fourth quarter worth $689,000. Telemark Asset Management LLC purchased a new position in shares of Klaviyo in the 4th quarter worth about $4,124,000. Renaissance Capital LLC lifted its stake in shares of Klaviyo by 56.4% in the fourth quarter. Renaissance Capital LLC now owns 122,646 shares of the company's stock worth $5,058,000 after buying an additional 44,245 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Klaviyo by 1,202.0% during the third quarter. Barclays PLC now owns 12,825 shares of the company's stock valued at $453,000 after acquiring an additional 11,840 shares in the last quarter. Institutional investors own 45.43% of the company's stock.

Analysts Set New Price Targets

KVYO has been the subject of several research analyst reports. Piper Sandler cut their price objective on Klaviyo from $53.00 to $35.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Barclays dropped their target price on Klaviyo from $51.00 to $35.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. William Blair reaffirmed an "outperform" rating on shares of Klaviyo in a research report on Thursday, February 20th. Benchmark upped their target price on shares of Klaviyo from $40.00 to $51.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Finally, Truist Financial dropped their price target on shares of Klaviyo from $55.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $43.47.

Insider Activity at Klaviyo

In other Klaviyo news, major shareholder Jeff Fagnan acquired 3,900 shares of the stock in a transaction that occurred on Wednesday, April 9th. The stock was bought at an average cost of $25.77 per share, with a total value of $100,503.00. Following the completion of the purchase, the insider now directly owns 3,900 shares in the company, valued at $100,503. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Amanda Whalen sold 15,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $45.85, for a total transaction of $687,750.00. Following the transaction, the chief financial officer now owns 376,820 shares in the company, valued at approximately $17,277,197. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,088,770 shares of company stock worth $67,947,356. Insiders own 53.24% of the company's stock.

Klaviyo Stock Performance

KVYO stock traded up $0.83 during trading on Monday, hitting $30.41. 1,846,165 shares of the company's stock traded hands, compared to its average volume of 1,336,572. Klaviyo, Inc. has a 52 week low of $21.26 and a 52 week high of $49.55. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of -168.94 and a beta of 1.39. The business has a fifty day simple moving average of $32.38 and a 200 day simple moving average of $37.76.

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

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.