Key Points
- Klaviyo director Susan St. Ledger sold 2,328 shares for approximately $37,085 at an average price of $15.93, reducing her direct holdings by 9.04% to 23,433 shares. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Klaviyo reported quarterly revenue of $370.58 million, up 26.4% year over year and above analyst expectations, while earnings of $0.19 per share matched consensus estimates.
- Analysts maintain a consensus “Moderate Buy” rating with a $27.14 target price, although some firms recently downgraded the stock to “Hold.” Institutional investors own 45.43% of Klaviyo’s shares.
Klaviyo, Inc. (NYSE:KVYO - Get Free Report) Director Susan St. Ledger sold 2,328 shares of the business's stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $15.93, for a total transaction of $37,085.04. Following the completion of the sale, the director directly owned 23,433 shares of the company's stock, valued at $373,287.69. This represents a 9.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Klaviyo Stock Up 6.4%
Shares of NYSE:KVYO opened at $17.40 on Tuesday. Klaviyo, Inc. has a 12-month low of $12.53 and a 12-month high of $36.22. The company's 50 day moving average price is $17.97 and its two-hundred day moving average price is $17.41. The firm has a market cap of $4.95 billion, a PE ratio of 870.44 and a beta of 0.57.
Klaviyo (NYSE:KVYO - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, meeting analysts' consensus estimates of $0.19. The company had revenue of $370.58 million during the quarter, compared to the consensus estimate of $362.08 million. Klaviyo had a net margin of 0.49% and a return on equity of 5.67%. The firm's quarterly revenue was up 26.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 earnings per share. On average, research analysts expect that Klaviyo, Inc. will post 0.2 EPS for the current year.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on KVYO. Scotiabank set a $32.00 target price on Klaviyo in a research report on Wednesday, June 17th. Wall Street Zen downgraded Klaviyo from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Robert W. Baird set a $25.00 price objective on shares of Klaviyo in a research report on Thursday, August 6th. Morgan Stanley set a $31.00 price objective on shares of Klaviyo in a research note on Thursday, August 6th. Finally, Benchmark cut shares of Klaviyo from a "buy" rating to a "hold" rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Klaviyo presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.14.
Check Out Our Latest Research Report on KVYO
Hedge Funds Weigh In On Klaviyo
A number of institutional investors have recently modified their holdings of the business. Capital International Investors acquired a new stake in Klaviyo in the fourth quarter valued at about $415,254,000. Sands Capital Alternatives LLC raised its stake in Klaviyo by 3.8% during the fourth quarter. Sands Capital Alternatives LLC now owns 3,649,678 shares of the company's stock worth $118,505,000 after acquiring an additional 134,613 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of Klaviyo by 1,429.1% in the second quarter. California State Teachers Retirement System now owns 2,376,514 shares of the company's stock worth $35,885,000 after acquiring an additional 2,221,092 shares during the last quarter. Fiera Capital Corp boosted its stake in shares of Klaviyo by 87.7% in the 4th quarter. Fiera Capital Corp now owns 2,331,650 shares of the company's stock valued at $75,709,000 after purchasing an additional 1,089,704 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Klaviyo by 88.9% in the 1st quarter. Bank of America Corp DE now owns 1,686,770 shares of the company's stock valued at $32,825,000 after purchasing an additional 793,613 shares in the last quarter. Institutional investors and hedge funds own 45.43% of the company's stock.
Klaviyo Company Profile
(
Get Free Report)
Klaviyo, Inc is a technology company that provides a customer data and marketing automation platform for businesses. Its software helps brands collect, organize and analyze customer information, then use those insights to create targeted communications and personalized marketing campaigns.
The company's platform supports marketing channels including email, SMS messaging, mobile push notifications and on-site experiences. Klaviyo also provides tools for customer segmentation, campaign automation, analytics and reporting, and integrates with e-commerce, payment and other business applications.
Klaviyo primarily serves consumer-focused businesses, including e-commerce brands, retailers and other companies seeking to build direct relationships with customers.
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