Insider Selling: Klaviyo (NYSE:KVYO) Director Sells $284,816.04 in Stock

Klaviyo, Inc. (NYSE:KVYO) Director Roxanne Oulman sold 13,989 shares of the business’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $20.36, for a total transaction of $284,816.04. Following the sale, the director directly owned 23,354 shares of the company’s stock, valued at approximately $475,487.44. The trade was a 37.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Klaviyo Price Performance

KVYO opened at $21.27 on Thursday. Klaviyo, Inc. has a fifty-two week low of $12.53 and a fifty-two week high of $33.35. The firm has a market capitalization of $6.05 billion, a PE ratio of 1,063.78 and a beta of 0.50. The company’s 50-day moving average is $18.13 and its 200 day moving average is $17.89.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.05. The business had revenue of $387.21 million for the quarter, compared to analysts’ expectations of $380.02 million. Klaviyo had a net margin of 0.54% and a return on equity of 6.73%. The firm’s revenue for the quarter was up 24.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 EPS. As a group, analysts expect that Klaviyo, Inc. will post 0.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KVYO. Stephens raised their price objective on Klaviyo from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Wells Fargo & Company increased their target price on shares of Klaviyo from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. KeyCorp dropped their price target on shares of Klaviyo from $35.00 to $29.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. The Goldman Sachs Group restated a “neutral” rating and set a $22.50 price target on shares of Klaviyo in a report on Thursday, November 5th. Finally, Piper Sandler decreased their price objective on shares of Klaviyo from $26.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, August 6th. Sixteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $26.88.

Institutional Trading of Klaviyo

A number of hedge funds have recently bought and sold shares of KVYO. Optiver Holding B.V. bought a new position in Klaviyo in the 1st quarter valued at $39,000. Parallel Advisors LLC increased its position in shares of Klaviyo by 30.1% during the 3rd quarter. Parallel Advisors LLC now owns 2,276 shares of the company’s stock valued at $36,000 after purchasing an additional 526 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in Klaviyo during the third quarter worth about $45,000. EverSource Wealth Advisors LLC raised its position in Klaviyo by 2,085.1% in the first quarter. EverSource Wealth Advisors LLC now owns 3,802 shares of the company’s stock worth $74,000 after acquiring an additional 3,628 shares during the period. Finally, State of Wyoming raised its position in Klaviyo by 100.8% in the third quarter. State of Wyoming now owns 4,554 shares of the company’s stock worth $72,000 after acquiring an additional 2,286 shares during the period. 45.43% of the stock is currently owned by institutional investors.

Klaviyo Company Profile

Klaviyo, Inc. provides a customer data and marketing automation platform that helps businesses manage customer relationships and communications. Its software brings together customer information to support personalized marketing and engagement. The platform offers tools for email and text-message marketing, mobile push notifications, automation, audience segmentation, analytics and customer service. Klaviyo also connects with other business applications, including e-commerce platforms, to help companies coordinate customer data and outreach.