XTX Topco Ltd Purchases 19,412 Shares of Klaviyo, Inc. (NYSE:KVYO)

XTX Topco Ltd grew its stake in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) by 79.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,775 shares of the company's stock after purchasing an additional 19,412 shares during the period. XTX Topco Ltd's holdings in Klaviyo were worth $1,549,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Whale Rock Capital Management LLC increased its stake in Klaviyo by 608.9% during the 3rd quarter. Whale Rock Capital Management LLC now owns 3,600,606 shares of the company's stock valued at $127,389,000 after purchasing an additional 3,092,725 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of Klaviyo by 121.5% in the 3rd quarter. Two Sigma Advisers LP now owns 673,500 shares of the company's stock worth $23,828,000 after buying an additional 369,400 shares during the last quarter. State Street Corp grew its holdings in shares of Klaviyo by 7.9% in the third quarter. State Street Corp now owns 435,448 shares of the company's stock valued at $15,406,000 after acquiring an additional 32,034 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Klaviyo during the third quarter valued at approximately $5,113,000. Finally, Alkeon Capital Management LLC bought a new stake in Klaviyo during the third quarter worth $10,614,000. Institutional investors own 45.43% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Needham & Company LLC lifted their target price on Klaviyo from $40.00 to $46.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Benchmark lowered their price objective 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. Macquarie reissued a "neutral" rating and set a $36.00 target price on shares of Klaviyo in a research report on Friday, November 8th. Barclays lifted their price target on shares of Klaviyo from $32.00 to $41.00 and gave the stock an "overweight" rating in a report on Friday, October 11th. Finally, Cantor Fitzgerald increased their price objective on Klaviyo from $33.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Klaviyo currently has a consensus rating of "Moderate Buy" and an average target price of $38.94.

Klaviyo Trading Up 1.6 %

Shares of Klaviyo stock traded up $0.65 on Monday, reaching $40.39. The stock had a trading volume of 1,250,840 shares, compared to its average volume of 1,183,789. Klaviyo, Inc. has a 1 year low of $21.26 and a 1 year high of $41.00. The company has a market cap of $10.89 billion, a P/E ratio of -224.49 and a beta of 0.98. The business's 50 day moving average is $37.00 and its two-hundred day moving average is $30.60.

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

Insider Activity at Klaviyo

In other Klaviyo news, CFO Amanda Whalen sold 1,050 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $40.07, for a total value of $42,073.50. Following the completion of the sale, the chief financial officer now owns 395,616 shares in the company, valued at approximately $15,852,333.12. The trade was a 0.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Stephen Eric Rowland sold 18,114 shares of the business's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $37.19, for a total transaction of $673,659.66. Following the completion of the transaction, the president now owns 192,488 shares in the company, valued at $7,158,628.72. The trade was a 8.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 367,969 shares of company stock valued at $12,150,969 over the last 90 days. 53.24% of the stock is owned by insiders.

About Klaviyo

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.