Klaviyo, Inc. (NYSE:KVYO) Shares Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB raised its stake in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) by 17,445.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,142 shares of the company's stock after purchasing an additional 16,050 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Klaviyo were worth $666,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Advisors Asset Management Inc. increased its stake in Klaviyo by 145.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company's stock valued at $48,000 after purchasing an additional 808 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of Klaviyo in the 3rd quarter valued at $53,000. SG Americas Securities LLC boosted its holdings in shares of Klaviyo by 21.4% in the 4th quarter. SG Americas Securities LLC now owns 10,929 shares of the company's stock valued at $451,000 after acquiring an additional 1,923 shares during the last quarter. West Tower Group LLC purchased a new stake in shares of Klaviyo in the 3rd quarter valued at $177,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Klaviyo in the 3rd quarter valued at $208,000. Institutional investors and hedge funds own 45.43% of the company's stock.

Insiders Place Their Bets

In other news, President Stephen Eric Rowland sold 4,536 shares of the stock in a transaction dated 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 directly owns 186,785 shares in the company, valued at $6,455,289.60. This represents a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Landon Edmond sold 40,000 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.56, for a total transaction of $1,382,400.00. Following the completion of the sale, the insider now owns 236,621 shares of the company's stock, valued at $8,177,621.76. This trade represents a 14.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 174,072 shares of company stock worth $6,778,517. Company insiders own 53.24% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Macquarie reaffirmed a "neutral" rating and issued a $36.00 price objective on shares of Klaviyo in a report on Friday, November 8th. Morgan Stanley upped their price objective on shares of Klaviyo from $38.00 to $47.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Citigroup upped their price objective on shares of Klaviyo from $39.00 to $48.00 and gave the company a "neutral" rating in a report on Tuesday. Cantor Fitzgerald upped their price objective on shares of Klaviyo from $33.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Finally, Stifel Nicolaus started coverage on shares of Klaviyo in a report on Tuesday, October 22nd. They set a "buy" rating and a $45.00 price target on the stock. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $44.29.

Klaviyo Trading Down 2.1 %

NYSE:KVYO traded down $0.99 during trading hours on Friday, reaching $47.01. 1,458,917 shares of the company were exchanged, compared to its average volume of 1,081,814. The stock's 50-day moving average is $42.96 and its 200-day moving average is $37.06. The firm has a market cap of $12.68 billion, a PE ratio of -261.17 and a beta of 0.60. Klaviyo, Inc. has a twelve month low of $21.26 and a twelve month high of $49.55.

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.