Telemark Asset Management LLC Purchases New Shares in Klaviyo, Inc. (NYSE:KVYO)

Telemark Asset Management LLC acquired a new position in shares of Klaviyo, Inc. (NYSE:KVYO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $4,124,000.

Other large investors also recently bought and sold shares of the company. Advisors Asset Management Inc. raised its position in Klaviyo by 145.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after buying an additional 808 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Klaviyo during the 4th quarter worth $196,000. US Bancorp DE purchased a new position in Klaviyo during the 4th quarter worth $199,000. Bank Julius Baer & Co. Ltd Zurich raised its position in Klaviyo by 8.0% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,836 shares of the company’s stock worth $220,000 after buying an additional 359 shares during the last quarter. Finally, Keybank National Association OH purchased a new position in Klaviyo during the 4th quarter worth $203,000. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Insider Transactions at Klaviyo

In other news, CFO Amanda Whalen sold 15,000 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $39.39, for a total transaction of $590,850.00. Following the transaction, the chief financial officer now directly owns 391,820 shares in the company, valued at $15,433,789.80. This represents a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Stephen Eric Rowland sold 4,536 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $40.04, for a total transaction of $181,621.44. Following the transaction, the president now owns 260,403 shares in the company, valued at approximately $10,426,536.12. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 126,246 shares of company stock worth $5,007,708 in the last three months. Company insiders own 53.24% of the company’s stock.

Klaviyo Price Performance

Klaviyo stock opened at $34.67 on Thursday. Klaviyo, Inc. has a 12-month low of $21.26 and a 12-month high of $49.55. The stock has a market capitalization of $9.47 billion, a P/E ratio of -192.61 and a beta of 0.86. The firm’s 50-day moving average is $42.43 and its two-hundred day moving average is $38.65.

Klaviyo (NYSE:KVYO) last released its quarterly earnings results on Wednesday, February 19th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.12). Klaviyo had a positive return on equity of 0.89% and a negative net margin of 4.92%. The firm had revenue of $270.16 million for the quarter, compared to analyst estimates of $257.24 million. As a group, analysts forecast that Klaviyo, Inc. will post 0.04 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Robert W. Baird upped their price objective on shares of Klaviyo from $52.00 to $54.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Mizuho increased their price target on shares of Klaviyo from $42.00 to $52.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Barclays increased their price target on shares of Klaviyo from $47.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. The Goldman Sachs Group increased their price target on shares of Klaviyo from $45.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Finally, Scotiabank increased their price target on shares of Klaviyo from $35.00 to $45.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.44.

Klaviyo 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.