Insider Selling: Klaviyo, Inc. (NYSE:KVYO) CFO Sells 23,950 Shares of Stock

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 23,950 shares of Klaviyo stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $40.04, for a total value of $958,958.00. Following the sale, the chief financial officer now directly owns 395,616 shares in the company, valued at $15,840,464.64. The trade was a 5.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 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 value of $518,400.00.
• On Friday, October 4th, Amanda Whalen sold 10,000 shares of Klaviyo stock. The stock was sold at an average price of $35.36, for a total value of $353,600.00.

Klaviyo Price Performance

Shares of NYSE KVYO opened at $38.57 on Wednesday. Klaviyo, Inc. has a one year low of $21.26 and a one year high of $41.00. The business’s fifty day moving average price is $37.10 and its 200-day moving average price is $30.72. The stock has a market capitalization of $10.40 billion, a PE ratio of -214.28 and a beta of 0.97.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 EPS 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 for the quarter, compared to analysts’ expectations of $226.33 million. During the same quarter in the prior year, the firm earned ($1.24) EPS. The business’s revenue for the quarter was up 33.7% compared to the same quarter last year. As a group, equities analysts expect that Klaviyo, Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on KVYO. Stifel Nicolaus began coverage on Klaviyo in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $45.00 price objective on the stock. Wells Fargo & Company reaffirmed a “buy” rating on shares of Klaviyo in a research note on Friday, October 18th. Robert W. Baird boosted their price target on Klaviyo from $42.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Barclays boosted their price target on Klaviyo from $32.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Finally, Piper Sandler boosted their price target on Klaviyo from $34.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Three 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, Klaviyo has a consensus rating of “Moderate Buy” and an average target price of $38.94.

Institutional Trading of Klaviyo

A number of institutional investors have recently added to or reduced their stakes in KVYO. California State Teachers Retirement System bought a new position in shares of Klaviyo during the 1st quarter valued at about $818,000. SG Americas Securities LLC bought a new position in shares of Klaviyo during the 2nd quarter valued at about $236,000. Washington Capital Management Inc. bought a new position in shares of Klaviyo during the 2nd quarter valued at about $428,000. Bank of New York Mellon Corp increased its position in shares of Klaviyo by 677.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,762,128 shares of the company’s stock valued at $68,749,000 after purchasing an additional 2,406,973 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Klaviyo by 1,447.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,852 shares of the company’s stock valued at $668,000 after purchasing an additional 25,117 shares during the last quarter. Hedge funds and other institutional investors own 45.43% of the company’s stock.

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.