Key Points
- CEO Andrew Bialecki sold 100,000 shares on December 17 at $30.40 for $3.04 million, and has executed multiple insider sales since early October totaling about $34.1 million.
- Klaviyo shares opened at $29.96, trade in a 52-week range of $23.44–$49.55 with a market cap of $9.05 billion and a negative P/E, while analysts give an average rating of "Moderate Buy" with an average target of $42.77.
Klaviyo, Inc. (NYSE:KVYO - Get Free Report) Director Ed Hallen sold 757 shares of Klaviyo stock in a transaction on Monday, December 15th. The shares were sold at an average price of $30.15, for a total transaction of $22,823.55. Following the completion of the transaction, the director owned 168,502 shares in the company, valued at approximately $5,080,335.30. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Ed Hallen also recently made the following trade(s):
- On Tuesday, November 11th, Ed Hallen sold 2,811 shares of Klaviyo stock. The stock was sold at an average price of $30.00, for a total value of $84,330.00.
- On Monday, November 10th, Ed Hallen sold 59,492 shares of Klaviyo stock. The shares were sold at an average price of $30.04, for a total value of $1,787,139.68.
Klaviyo Stock Performance
Klaviyo stock traded up $1.53 during mid-day trading on Thursday, reaching $31.52. 417,768 shares of the company were exchanged, compared to its average volume of 2,235,144. The firm's 50-day simple moving average is $27.46 and its two-hundred day simple moving average is $30.55. Klaviyo, Inc. has a twelve month low of $23.44 and a twelve month high of $49.55. The firm has a market cap of $9.52 billion, a PE ratio of -131.19 and a beta of 1.18.
Klaviyo (NYSE:KVYO - Get Free Report) last issued its quarterly earnings results on Thursday, September 25th. The company reported $0.16 earnings per share for the quarter. Klaviyo had a negative return on equity of 1.00% and a negative net margin of 5.70%.The firm had revenue of $293.12 million during the quarter. As a group, equities research analysts anticipate that Klaviyo, Inc. will post 0.04 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages have weighed in on KVYO. Stephens lowered their price objective on Klaviyo from $45.00 to $43.00 and set an "overweight" rating on the stock in a report on Friday, September 26th. William Blair restated an "outperform" rating on shares of Klaviyo in a research note on Monday, November 17th. Morgan Stanley upgraded shares of Klaviyo from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $40.00 to $50.00 in a research report on Friday, September 19th. Wells Fargo & Company began coverage on shares of Klaviyo in a report on Tuesday, September 30th. They issued an "overweight" rating and a $40.00 price target for the company. Finally, Truist Financial set a $45.00 price objective on shares of Klaviyo in a report on Tuesday, November 25th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Klaviyo presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.77.
View Our Latest Analysis on Klaviyo
Hedge Funds Weigh In On Klaviyo
Several hedge funds have recently added to or reduced their stakes in KVYO. Vanguard Group Inc. grew its holdings in Klaviyo by 9.7% during the 1st quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company's stock valued at $256,240,000 after buying an additional 746,078 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Klaviyo by 316.6% in the second quarter. Assetmark Inc. now owns 62,577 shares of the company's stock worth $2,101,000 after acquiring an additional 47,555 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Klaviyo by 85.4% in the first quarter. Raymond James Financial Inc. now owns 545,159 shares of the company's stock valued at $16,497,000 after acquiring an additional 251,104 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Klaviyo during the first quarter valued at $3,249,000. Finally, JPMorgan Chase & Co. raised its stake in Klaviyo by 105.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,692,854 shares of the company's stock valued at $56,846,000 after purchasing an additional 867,666 shares during the last quarter. 45.43% of the stock is currently owned by hedge funds and other institutional investors.
Klaviyo Company Profile
(
Get Free Report)
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.
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