Klaviyo (NYSE:KVYO) President Stephen Eric Rowland Sells 7,104 Shares

Klaviyo, Inc. (NYSE:KVYO) President Stephen Eric Rowland sold 7,104 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $29.45, for a total transaction of $209,212.80. Following the sale, the president directly owned 434,294 shares in the company, valued at $12,789,958.30. This represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Stephen Eric Rowland also recently made the following trade(s):

• On Wednesday, October 15th, Stephen Eric Rowland sold 7,105 shares of Klaviyo stock. The shares were sold at an average price of $24.35, for a total transaction of $173,006.75.

Klaviyo Trading Up 4.4%

NYSE KVYO traded up $1.33 during trading hours on Thursday, reaching $31.32. 93,697 shares of the company’s stock were exchanged, compared to its average volume of 2,234,394. The firm has a fifty day moving average of $27.46 and a 200-day moving average of $30.55. Klaviyo, Inc. has a one year low of $23.44 and a one year high of $49.55. The stock has a market cap of $9.46 billion, a PE ratio of -129.75 and a beta of 1.18.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings data on Thursday, September 25th. The company reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $293.12 million during the quarter. Klaviyo had a negative return on equity of 1.00% and a negative net margin of 5.70%. As a group, research analysts forecast that Klaviyo, Inc. will post 0.04 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KVYO. Wall Street Zen cut shares of Klaviyo from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Stifel Nicolaus decreased their price target on shares of Klaviyo from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Robert W. Baird boosted their price objective on shares of Klaviyo from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Benchmark reaffirmed a “buy” rating on shares of Klaviyo in a report on Tuesday, November 4th. Finally, Stephens lowered their target price on Klaviyo from $45.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Klaviyo has a consensus rating of “Moderate Buy” and an average price target of $42.77.

Hedge Funds Weigh In On Klaviyo

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Klaviyo by 19.2% in the 3rd quarter. Vanguard Group Inc. now owns 12,787,728 shares of the company’s stock worth $354,092,000 after purchasing an additional 2,059,550 shares during the last quarter. Cooper Creek Partners Management LLC acquired a new position in Klaviyo in the second quarter valued at about $57,109,000. Norges Bank bought a new position in Klaviyo during the second quarter worth about $52,629,000. American Century Companies Inc. boosted its holdings in Klaviyo by 123.4% during the second quarter. American Century Companies Inc. now owns 2,685,480 shares of the company’s stock worth $90,178,000 after buying an additional 1,483,427 shares during the last quarter. Finally, Fiera Capital Corp acquired a new position in shares of Klaviyo during the 2nd quarter worth about $42,645,000. 45.43% of the stock is owned by institutional investors.

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.