Y Intercept Hong Kong Ltd Buys Shares of 9,064 Klaviyo, Inc. (NYSE:KVYO)

Y Intercept Hong Kong Ltd bought a new stake in Klaviyo, Inc. (NYSE:KVYO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,064 shares of the company's stock, valued at approximately $374,000.

Other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its holdings in shares of Klaviyo by 145.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company's stock valued at $48,000 after acquiring an additional 808 shares during the last quarter. West Tower Group LLC purchased a new position in Klaviyo in the third quarter valued at approximately $177,000. Victory Capital Management Inc. acquired a new stake in Klaviyo during the third quarter worth approximately $208,000. Creative Planning acquired a new stake in Klaviyo during the third quarter worth approximately $254,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Klaviyo during the 3rd quarter worth approximately $335,000. Hedge funds and other institutional investors own 45.43% of the company's stock.

Klaviyo Stock Performance

NYSE:KVYO traded down $2.72 during trading hours on Friday, hitting $34.94. The company's stock had a trading volume of 1,005,994 shares, compared to its average volume of 1,218,577. Klaviyo, Inc. has a 52-week low of $21.26 and a 52-week high of $49.55. The business's 50-day moving average is $43.10 and its two-hundred day moving average is $38.56. The company has a market capitalization of $9.54 billion, a PE ratio of -194.15 and a beta of 0.86.

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

Analyst Ratings Changes

KVYO has been the subject of a number of research reports. Cantor Fitzgerald boosted their price target on shares of Klaviyo from $47.00 to $54.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Benchmark upped their target price on Klaviyo from $40.00 to $51.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. KeyCorp lifted their price target on Klaviyo from $42.00 to $45.00 and gave the stock an "overweight" rating in a research report on Friday, December 13th. Barclays increased their price objective on Klaviyo from $47.00 to $51.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Finally, Stifel Nicolaus lifted their target price on shares of Klaviyo from $45.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $49.44.

Insider Transactions at Klaviyo

In other news, insider Landon Edmond sold 40,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $41.80, for a total transaction of $1,672,000.00. Following the completion of the transaction, the insider now directly owns 298,607 shares of the company's stock, valued at $12,481,772.60. This trade represents a 11.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $39.39, for a total value of $590,850.00. Following the transaction, the chief financial officer now owns 391,820 shares of the company's stock, valued at $15,433,789.80. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,586 shares of company stock valued at $3,761,995 in the last quarter. 53.24% of the stock is currently owned by corporate 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.