Klaviyo (KVYO) Expected to Announce Earnings on Wednesday

Klaviyo (NYSE:KVYO) is expected to be releasing its earnings data after the market closes on Wednesday, February 19th. Analysts expect Klaviyo to post earnings of $0.06 per share and revenue of $257.24 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Klaviyo Trading Down 3.2 %

KVYO opened at $47.59 on Wednesday. The firm has a market cap of $12.83 billion, a price-to-earnings ratio of -264.39 and a beta of 0.60. Klaviyo has a 12 month low of $21.26 and a 12 month high of $49.55. The stock has a fifty day moving average price of $42.41 and a 200-day moving average price of $36.77.

Insider Buying and Selling at Klaviyo

In other news, President Stephen Eric Rowland sold 4,536 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.56, for a total value of $156,764.16. Following the sale, the president now owns 186,785 shares in the company, valued at $6,455,289.60. This represents a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Amanda Whalen sold 15,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.56, for a total value of $518,400.00. Following the completion of the sale, the chief financial officer now owns 395,616 shares in the company, valued at $13,672,488.96. The trade was a 3.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 174,072 shares of company stock worth $6,778,517. 53.24% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KVYO. Wells Fargo & Company boosted their price target on Klaviyo from $37.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 7th. Macquarie reaffirmed a “neutral” rating and set a $36.00 target price on shares of Klaviyo in a research report on Friday, November 8th. Citigroup upped their target price on Klaviyo from $39.00 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday. Robert W. Baird upped their target price on Klaviyo from $42.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, William Blair reaffirmed an “outperform” rating on shares of Klaviyo in a research report on Thursday, December 19th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Klaviyo has a consensus rating of “Moderate Buy” and an average price target of $43.88.

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.