Key Points
- Klaviyo director Ed Hallen sold 98,782 shares for about $2.11 million at an average price of $21.35 under a pre-arranged Rule 10b5-1 plan. The sale reduced his stake by 85.97%, leaving him with 16,123 shares.
- Klaviyo reported quarterly EPS of $0.22, beating the $0.17 consensus, while revenue of $387.21 million also topped estimates and rose 24.5% year over year.
- Analysts’ consensus rating is “Moderate Buy”, with an average price target of $27.02; 16 analysts rate the stock Buy, four Hold, and one Sell.
Klaviyo, Inc. (NYSE:KVYO - Get Free Report) Director Roxanne Oulman sold 13,989 shares of the stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $20.36, for a total value of $284,816.04. Following the completion of the transaction, the director owned 23,354 shares of the company's stock, valued at $475,487.44. This represents a 37.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Klaviyo Trading Up 1.1%
Shares of KVYO stock opened at $20.94 on Tuesday. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 92.87 and a beta of 0.50. The business's 50-day moving average price is $18.12 and its 200-day moving average price is $17.95. Klaviyo, Inc. has a 12 month low of $12.53 and a 12 month high of $33.35.
Klaviyo (NYSE:KVYO - Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.05. Klaviyo had a return on equity of 6.37% and a net margin of 0.54%. The company had revenue of $387.21 million during the quarter, compared to the consensus estimate of $380.02 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. The firm's revenue was up 24.5% compared to the same quarter last year. On average, sell-side analysts predict that Klaviyo, Inc. will post 0.22 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on KVYO shares. Needham & Company LLC reissued a "buy" rating on shares of Klaviyo in a report on Wednesday, September 2nd. TD Cowen dropped their price target on shares of Klaviyo from $27.00 to $26.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Stephens lifted their price target on shares of Klaviyo from $24.00 to $25.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. Piper Sandler reduced their price objective on shares of Klaviyo from $26.00 to $23.00 and set an "overweight" rating on the stock in a research note on Thursday, August 6th. Finally, Weiss Ratings raised shares of Klaviyo from a "sell (d-)" rating to a "sell (d)" rating in a research note on Tuesday, September 8th. Sixteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Klaviyo has an average rating of "Moderate Buy" and an average price target of $27.02.
View Our Latest Report on KVYO
Institutional Investors Weigh In On Klaviyo
Institutional investors and hedge funds have recently made changes to their positions in the stock. Optiver Holding B.V. bought a new position in shares of Klaviyo during the first quarter worth about $39,000. Parallel Advisors LLC lifted its stake in shares of Klaviyo by 30.1% in the third quarter. Parallel Advisors LLC now owns 2,276 shares of the company's stock worth $36,000 after acquiring an additional 526 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Klaviyo by 2,085.1% in the first quarter. EverSource Wealth Advisors LLC now owns 3,802 shares of the company's stock valued at $74,000 after acquiring an additional 3,628 shares during the last quarter. State of Wyoming boosted its holdings in Klaviyo by 100.8% in the third quarter. State of Wyoming now owns 4,554 shares of the company's stock valued at $72,000 after acquiring an additional 2,286 shares during the last quarter. Finally, Nykredit A S bought a new stake in Klaviyo in the second quarter valued at approximately $90,000. Institutional investors and hedge funds own 45.43% of the company's stock.
Klaviyo Company Profile
(
Get Free Report)
Klaviyo, Inc provides a customer data and marketing automation platform that helps businesses manage customer relationships and communications. Its software brings together customer information to support personalized marketing and engagement.
The platform offers tools for email and text-message marketing, mobile push notifications, automation, audience segmentation, analytics and customer service. Klaviyo also connects with other business applications, including e-commerce platforms, to help companies coordinate customer data and outreach.
Founded in 2012 by Andrew Bialecki and Ed Hallen, Klaviyo is headquartered in Boston and serves businesses in markets around the world.
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