Klaviyo (NYSE:KVYO) Director Ledger Susan St. Sells 2,328 Shares

Klaviyo, Inc. (NYSE:KVYO) Director Susan St. Ledger sold 2,328 shares of the business’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $15.93, for a total transaction of $37,085.04. Following the transaction, the director directly owned 23,433 shares of the company’s stock, valued at approximately $373,287.69. This represents a 9.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Klaviyo Stock Up 6.4%

Shares of NYSE:KVYO opened at $17.40 on Tuesday. Klaviyo, Inc. has a twelve month low of $12.53 and a twelve month high of $36.22. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 870.44 and a beta of 0.57. The business has a 50 day moving average price of $17.97 and a 200 day moving average price of $17.41.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Klaviyo had a net margin of 0.49% and a return on equity of 5.67%. The business had revenue of $370.58 million for the quarter, compared to the consensus estimate of $362.08 million. During the same quarter last year, the company posted $0.16 earnings per share. Klaviyo’s quarterly revenue was up 26.4% on a year-over-year basis. Analysts anticipate that Klaviyo, Inc. will post 0.2 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Stephens lifted their price objective on Klaviyo from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Needham & Company LLC restated a “buy” rating on shares of Klaviyo in a research report on Wednesday, September 2nd. Stifel Nicolaus set a $22.00 target price on Klaviyo in a research note on Thursday. Benchmark downgraded shares of Klaviyo from a “buy” rating to a “hold” rating in a report on Thursday, August 6th. Finally, The Goldman Sachs Group set a $26.00 price target on shares of Klaviyo and gave the stock a “buy” rating in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $27.14.

Institutional Trading of Klaviyo

A number of hedge funds have recently modified their holdings of the stock. Optiver Holding B.V. acquired a new stake in Klaviyo during the 1st quarter worth approximately $39,000. EverSource Wealth Advisors LLC boosted its stake in Klaviyo by 2,085.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,802 shares of the company’s stock valued at $74,000 after purchasing an additional 3,628 shares during the period. Nykredit A S acquired a new position in Klaviyo in the 2nd quarter valued at $90,000. Rockefeller Capital Management L.P. grew its holdings in Klaviyo by 2,641.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,207 shares of the company’s stock valued at $104,000 after buying an additional 3,090 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in Klaviyo during the 2nd quarter worth $173,000. Institutional investors and hedge funds own 45.43% of the company’s stock.

About Klaviyo

Klaviyo, Inc is a technology company that provides a customer data and marketing automation platform for businesses. Its software helps brands collect, organize and analyze customer information, then use those insights to create targeted communications and personalized marketing campaigns.

The company’s platform supports marketing channels including email, SMS messaging, mobile push notifications and on-site experiences. Klaviyo also provides tools for customer segmentation, campaign automation, analytics and reporting, and integrates with e-commerce, payment and other business applications.

Klaviyo primarily serves consumer-focused businesses, including e-commerce brands, retailers and other companies seeking to build direct relationships with customers.