21,407 Shares in Klaviyo, Inc. (NYSE:KVYO) Purchased by Quantessence Capital LLC

Quantessence Capital LLC acquired a new stake in Klaviyo, Inc. (NYSE:KVYO) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 21,407 shares of the company’s stock, valued at approximately $883,000.

Other hedge funds have also recently modified their holdings of the company. CIBC Private Wealth Group LLC increased its position in shares of Klaviyo by 169.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company’s stock valued at $72,000 after acquiring an additional 1,102 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Klaviyo by 77.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company’s stock worth $77,000 after buying an additional 818 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Klaviyo during the fourth quarter valued at about $196,000. US Bancorp DE purchased a new stake in Klaviyo during the fourth quarter worth about $199,000. Finally, Keybank National Association OH bought a new stake in Klaviyo in the fourth quarter worth about $203,000. Institutional investors own 45.43% of the company’s stock.

Insider Buying and Selling

In related news, CFO Amanda Whalen sold 15,000 shares of the stock in a transaction on Monday, February 3rd. The shares were 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 of the company’s stock, valued at approximately $17,277,197. This trade represents a 3.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Jeff Fagnan purchased 3,900 shares of the stock in a transaction on Wednesday, April 9th. The stock was acquired at an average cost of $25.77 per share, with a total value of $100,503.00. Following the completion of the purchase, the insider now directly owns 3,900 shares of the company’s stock, valued at $100,503. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 2,088,770 shares of company stock worth $67,947,356. Corporate insiders own 53.24% of the company’s stock.

Klaviyo Stock Down 3.7 %

Shares of NYSE KVYO opened at $24.69 on Tuesday. The firm has a market capitalization of $6.74 billion, a P/E ratio of -137.17 and a beta of 1.39. The stock’s 50-day simple moving average is $33.98 and its two-hundred day simple moving average is $38.00. Klaviyo, Inc. has a twelve month low of $21.26 and a twelve month high of $49.55.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Mizuho decreased their price target on shares of Klaviyo from $52.00 to $40.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Canaccord Genuity Group upped their price target on Klaviyo from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Cantor Fitzgerald lifted their price objective on Klaviyo from $47.00 to $54.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. The Goldman Sachs Group increased their target price on shares of Klaviyo from $45.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Finally, Morgan Stanley dropped their price target on shares of Klaviyo from $50.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.05.

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.