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

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 15,000 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $39.18, for a total value of $587,700.00. Following the transaction, the chief financial officer now owns 391,820 shares in the company, valued at $15,351,507.60. This trade represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, December 13th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The stock was sold at an average price of $39.39, for a total transaction of $590,850.00.
• On Monday, December 9th, Amanda Whalen sold 1,050 shares of Klaviyo stock. The shares were sold at an average price of $40.07, for a total transaction 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 transaction 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 value of $518,400.00.

Klaviyo Stock Performance

NYSE:KVYO opened at $39.39 on Friday. The stock has a 50-day simple moving average of $39.24 and a 200 day simple moving average of $33.84. Klaviyo, Inc. has a one year low of $21.26 and a one year high of $44.77. The company has a market capitalization of $10.62 billion, a price-to-earnings ratio of -218.82 and a beta of 0.57.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. William Blair restated an “outperform” rating on shares of Klaviyo in a research note on Thursday, December 19th. Stifel Nicolaus assumed coverage on shares of Klaviyo in a report on Tuesday, October 22nd. They issued a “buy” rating and a $45.00 price target on the stock. KeyCorp boosted their price objective on shares of Klaviyo from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Piper Sandler raised their target price on shares of Klaviyo from $45.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, Canaccord Genuity Group upped their price target on shares of Klaviyo from $32.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Klaviyo currently has a consensus rating of “Moderate Buy” and an average price target of $41.41.

Hedge Funds Weigh In On Klaviyo

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

About Klaviyo

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.