Klaviyo, Inc. (NYSE:KVYO) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its stake in shares of Klaviyo, Inc. (NYSE:KVYO) by 41.9% in the 4th quarter, Holdings Channel reports. The firm owned 1,209,612 shares of the company’s stock after acquiring an additional 357,194 shares during the quarter. American Century Companies Inc.’s holdings in Klaviyo were worth $49,884,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. bought a new position in Klaviyo during the 3rd quarter worth $208,000. Advisors Asset Management Inc. boosted its holdings in shares of Klaviyo by 145.6% during 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 during the period. Charles Schwab Investment Management Inc. grew its position in shares of Klaviyo by 27.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 424,357 shares of the company’s stock worth $15,014,000 after acquiring an additional 91,824 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Klaviyo in the 3rd quarter worth about $481,000. Finally, FMR LLC lifted its position in Klaviyo by 428.1% in the 3rd quarter. FMR LLC now owns 100,982 shares of the company’s stock valued at $3,573,000 after purchasing an additional 81,861 shares during the last quarter. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Klaviyo Stock Performance

NYSE KVYO opened at $33.75 on Thursday. Klaviyo, Inc. has a 1 year low of $21.26 and a 1 year high of $49.55. The business’s fifty day moving average is $40.90 and its two-hundred day moving average is $38.79. The stock has a market capitalization of $9.22 billion, a P/E ratio of -187.47 and a beta of 0.86.

Klaviyo (NYSE:KVYO) last announced its earnings results on Wednesday, February 19th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $270.16 million for the quarter, compared to analyst estimates of $257.24 million. On average, research analysts forecast that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on KVYO shares. Canaccord Genuity Group upped their target price on shares of Klaviyo from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Citigroup boosted their price objective on Klaviyo from $39.00 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Robert W. Baird raised their target price on Klaviyo from $52.00 to $54.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Piper Sandler boosted their price target on Klaviyo from $50.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Finally, Needham & Company LLC increased their price target on Klaviyo from $46.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.89.

Insider Buying and Selling at Klaviyo

In other news, CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $45.85, for a total transaction of $687,750.00. Following the transaction, the chief financial officer now owns 376,820 shares in the company, valued at approximately $17,277,197. The trade was a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Summit Partners L. P sold 2,000,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $32.44, for a total value of $64,880,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,126,246 shares of company stock valued at $69,799,958. 53.24% of the stock is currently owned by corporate insiders.

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.