Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen Sells 15,000 Shares

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $39.18, for a total value of $587,700.00. Following the sale, the chief financial officer now owns 391,820 shares of the company’s stock, valued at approximately $15,351,507.60. This represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Amanda Whalen also recently made the following trade(s):

• On Friday, December 13th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The shares were sold at an average price of $39.39, for a total value of $590,850.00.
• On Monday, December 9th, Amanda Whalen sold 1,050 shares of Klaviyo stock. The stock was sold at an average price of $40.07, for a total value of $42,073.50.
• On Friday, December 6th, Amanda Whalen sold 23,950 shares of Klaviyo stock. The stock was sold at an average price of $40.04, for a total value of $958,958.00.
• On Monday, November 18th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The stock was sold at an average price of $34.56, for a total transaction of $518,400.00.

Klaviyo Stock Performance

Shares of NYSE:KVYO opened at $39.39 on Friday. The company’s fifty day moving average is $39.24 and its 200-day moving average is $33.84. Klaviyo, Inc. has a 52 week low of $21.26 and a 52 week high of $44.77. The company has a market capitalization of $10.62 billion, a PE ratio of -218.82 and a beta of 0.57.

Klaviyo (NYSE:KVYO) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $235.09 million during the quarter, compared to analysts’ expectations of $226.33 million. During the same period last year, the firm posted ($1.24) EPS. The business’s revenue was up 33.7% on a year-over-year basis. On average, analysts forecast that Klaviyo, Inc. will post 0.03 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on KVYO shares. Macquarie reaffirmed a “neutral” rating and issued a $36.00 target price on shares of Klaviyo in a report on Friday, November 8th. Wells Fargo & Company upped their target price on shares of Klaviyo from $37.00 to $41.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 7th. William Blair reissued an “outperform” rating on shares of Klaviyo in a report on Thursday, December 19th. Robert W. Baird boosted their price objective on shares of Klaviyo from $42.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Loop Capital increased their target price on shares of Klaviyo from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.41.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. raised its position in shares of Klaviyo by 145.6% during 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. nVerses Capital LLC acquired a new stake in shares of Klaviyo during the third quarter worth $53,000. West Tower Group LLC bought a new stake in Klaviyo in the third quarter valued at about $177,000. Victory Capital Management Inc. acquired a new position in Klaviyo in the third quarter valued at about $208,000. Finally, William Marsh Rice University bought a new position in Klaviyo during the third quarter worth about $245,000. 45.43% of the stock is currently owned by institutional investors and hedge funds.

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.