Key Points
- Director Ed Hallen sold 1,300 Klaviyo shares at an average price of $17.02, generating $22,126; the transaction was conducted under a Rule 10b5-1 trading plan. He still owns 93,957 shares and previously sold 98,782 shares in August.
- Klaviyo reported quarterly revenue of $370.58 million, up 26.4% year over year and above analyst estimates, while earnings per share of $0.19 matched expectations.
- The stock opened at $15.79, with analysts maintaining a consensus “Moderate Buy” rating and an average price target of $27.14; institutional investors own 45.43% of the company.
Klaviyo, Inc. (NYSE:KVYO - Get Free Report) Director Ed Hallen sold 1,300 shares of the stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $17.02, for a total transaction of $22,126.00. Following the sale, the director owned 93,957 shares of the company's stock, valued at approximately $1,599,148.14. This represents a 1.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ed Hallen also recently made the following trade(s):
- On Monday, August 31st, Ed Hallen sold 98,782 shares of Klaviyo stock. The stock was sold at an average price of $20.48, for a total value of $2,023,055.36.
Klaviyo Price Performance
Shares of NYSE KVYO opened at $15.79 on Friday. The company has a market cap of $4.50 billion, a PE ratio of 790.10 and a beta of 0.57. Klaviyo, Inc. has a 1-year low of $12.53 and a 1-year high of $33.35. The stock has a fifty day moving average price of $17.74 and a 200 day moving average price of $17.24.
Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, meeting analysts' consensus estimates of $0.19. Klaviyo had a return on equity of 5.67% and a net margin of 0.49%.The company had revenue of $370.58 million for the quarter, compared to analyst estimates of $362.08 million. During the same quarter in the previous year, the company earned $0.16 EPS. The firm's revenue for the quarter was up 26.4% compared to the same quarter last year. Analysts anticipate that Klaviyo, Inc. will post 0.2 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Klaviyo
Institutional investors have recently added to or reduced their stakes in the company. Capital International Investors acquired a new stake in Klaviyo during the fourth quarter worth about $415,254,000. Sands Capital Alternatives LLC lifted its stake in shares of Klaviyo by 3.8% in the 4th quarter. Sands Capital Alternatives LLC now owns 3,649,678 shares of the company's stock valued at $118,505,000 after purchasing an additional 134,613 shares in the last quarter. Fiera Capital Corp grew its holdings in shares of Klaviyo by 87.7% during the 4th quarter. Fiera Capital Corp now owns 2,331,650 shares of the company's stock worth $75,709,000 after purchasing an additional 1,089,704 shares during the period. Bank of America Corp DE raised its holdings in Klaviyo by 88.9% in the first quarter. Bank of America Corp DE now owns 1,686,770 shares of the company's stock valued at $32,825,000 after buying an additional 793,613 shares during the period. Finally, Norges Bank acquired a new position in Klaviyo during the fourth quarter valued at approximately $49,300,000. Hedge funds and other institutional investors own 45.43% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have commented on the company. Scotiabank set a $32.00 target price on Klaviyo in a research report on Wednesday, June 17th. Benchmark lowered shares of Klaviyo from a "buy" rating to a "hold" rating in a research report on Thursday, August 6th. Truist Financial decreased their price target on Klaviyo from $35.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Mizuho set a $28.00 price objective on shares of Klaviyo in a research note on Thursday, August 6th. Finally, Stifel Nicolaus set a $22.00 target price on shares of Klaviyo in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $27.14.
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About Klaviyo
(
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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