Amanda Whalen Sells 15,000 Shares of Klaviyo, Inc. (NYSE:KVYO) Stock

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $45.85, for a total value of $687,750.00. Following the sale, the chief financial officer now owns 376,820 shares in the company, valued at $17,277,197. This trade represents a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Amanda Whalen also recently made the following trade(s):

• On Friday, January 10th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The shares were sold at an average price of $39.18, for a total value of $587,700.00.
• On Friday, December 13th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The stock was sold at an average price of $39.39, for a total transaction of $590,850.00.
• On Monday, December 9th, Amanda Whalen sold 1,050 shares of Klaviyo stock. The stock was sold at an average price of $40.07, for a total transaction of $42,073.50.
• On Friday, December 6th, Amanda Whalen sold 23,950 shares of Klaviyo stock. The shares were sold at an average price of $40.04, for a total transaction of $958,958.00.
• On Monday, November 18th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The stock was sold at an average price of $34.56, for a total transaction of $518,400.00.

Klaviyo Price Performance

KVYO opened at $48.58 on Thursday. Klaviyo, Inc. has a one year low of $21.26 and a one year high of $48.73. The firm has a market capitalization of $13.10 billion, a P/E ratio of -269.89 and a beta of 0.60. The company has a fifty day moving average price of $41.52 and a 200-day moving average price of $36.13.

Klaviyo (NYSE:KVYO) last posted its earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. Klaviyo had a positive return on equity of 0.86% and a negative net margin of 5.23%. The business had revenue of $235.09 million during the quarter, compared to analysts’ expectations of $226.33 million. During the same period in the previous year, the business earned ($1.24) earnings per share. The firm’s revenue was up 33.7% on a year-over-year basis. On average, analysts expect that Klaviyo, Inc. will post 0.03 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of KVYO. Lisanti Capital Growth LLC bought a new stake in Klaviyo during the third quarter valued at approximately $5,513,000. Pier 88 Investment Partners LLC purchased a new stake in shares of Klaviyo during the 3rd quarter valued at $966,000. SpiderRock Advisors LLC lifted its holdings in shares of Klaviyo by 1,571.7% during the 3rd quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company’s stock worth $17,743,000 after acquiring an additional 471,500 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in Klaviyo in the third quarter worth $5,113,000. Finally, Barclays PLC increased its stake in Klaviyo by 1,202.0% in the third quarter. Barclays PLC now owns 12,825 shares of the company’s stock valued at $453,000 after acquiring an additional 11,840 shares during the last quarter. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on KVYO shares. Scotiabank increased their price objective on Klaviyo from $35.00 to $45.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Stifel Nicolaus initiated coverage on Klaviyo in a report on Tuesday, October 22nd. They issued a “buy” rating and a $45.00 price objective for the company. Needham & Company LLC boosted their price objective on Klaviyo from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. William Blair reiterated an “outperform” rating on shares of Klaviyo in a research report on Thursday, December 19th. Finally, Piper Sandler boosted their price target on shares of Klaviyo from $45.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Klaviyo currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.63.

About Klaviyo

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.