Short Interest in Klaviyo, Inc. (NYSE:KVYO) Increases By 9.4%

Klaviyo, Inc. (NYSE:KVYO) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 6,630,000 shares, a growth of 9.4% from the December 15th total of 6,060,000 shares. Based on an average trading volume of 1,270,000 shares, the short-interest ratio is presently 5.2 days. Approximately 12.7% of the shares of the stock are sold short.

Insider Buying and Selling

In other news, CFO Amanda Whalen sold 1,050 shares of Klaviyo stock in a transaction on Monday, December 9th. The shares were sold at an average price of $40.07, for a total transaction of $42,073.50. Following the transaction, the chief financial officer now owns 395,616 shares in the company, valued at approximately $15,852,333.12. The trade was a 0.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Stephen Eric Rowland sold 4,536 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.56, for a total value of $156,764.16. Following the completion of the sale, the president now owns 186,785 shares of the company’s stock, valued at $6,455,289.60. The trade was a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 159,072 shares of company stock worth $6,090,767 in the last 90 days. Insiders own 53.24% of the company’s stock.

Institutional Investors Weigh In On Klaviyo

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in Klaviyo by 145.6% in the third quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after acquiring an additional 808 shares during the period. nVerses Capital LLC purchased a new position in Klaviyo in the third quarter valued at approximately $53,000. West Tower Group LLC bought a new position in Klaviyo during the third quarter valued at $177,000. Victory Capital Management Inc. purchased a new stake in Klaviyo in the third quarter worth $208,000. Finally, William Marsh Rice University purchased a new stake in Klaviyo in the third quarter worth $245,000. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Klaviyo Price Performance

Shares of KVYO stock traded up $0.32 during trading hours on Friday, reaching $40.15. The company had a trading volume of 860,265 shares, compared to its average volume of 1,078,642. The company has a market cap of $10.83 billion, a price-to-earnings ratio of -223.05 and a beta of 0.57. Klaviyo has a 12 month low of $21.26 and a 12 month high of $44.77. The business has a fifty day simple moving average of $39.49 and a 200-day simple moving average of $34.30.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The firm had revenue of $235.09 million for the quarter, compared to the consensus estimate of $226.33 million. Klaviyo had a negative net margin of 5.23% and a positive return on equity of 0.86%. The business’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.24) EPS. On average, equities research analysts expect that Klaviyo will post 0.03 earnings per share for the current year.

Analysts Set New Price Targets

KVYO has been the subject of a number of recent analyst reports. Benchmark decreased their target price on shares of Klaviyo from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Robert W. Baird lifted their target price on shares of Klaviyo from $42.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Loop Capital upped their price target on shares of Klaviyo from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Canaccord Genuity Group lifted their price objective on Klaviyo from $32.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company upped their target price on Klaviyo from $37.00 to $41.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.29.

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.