Klaviyo, Inc. (NYSE:KVYO - Get Free Report) CFO Amanda Whalen sold 15,000 shares of the company's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $39.39, for a total transaction of $590,850.00. Following the completion of the sale, the chief financial officer now directly owns 391,820 shares of the company's stock, valued at approximately $15,433,789.80. This represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Amanda Whalen also recently made the following trade(s):
- 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 stock was 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.
- On Friday, October 4th, Amanda Whalen sold 10,000 shares of Klaviyo stock. The stock was sold at an average price of $35.36, for a total transaction of $353,600.00.
Klaviyo Stock Performance
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Klaviyo stock opened at $39.06 on Friday. The firm has a market cap of $10.53 billion, a PE ratio of -217.00 and a beta of 0.97. The firm's 50 day moving average price is $37.41 and its two-hundred day moving average price is $31.05. Klaviyo, Inc. has a twelve month low of $21.26 and a twelve month high of $41.00.
Klaviyo (NYSE:KVYO - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.04. The firm had revenue of $235.09 million for the quarter, compared to analyst estimates of $226.33 million. Klaviyo had a negative net margin of 5.23% and a positive return on equity of 0.86%. The company's revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.24) EPS. Equities analysts anticipate that Klaviyo, Inc. will post 0.03 EPS for the current fiscal year.
Analysts Set New Price Targets
KVYO has been the topic of a number of research reports. Needham & Company LLC boosted their target price on shares of Klaviyo from $40.00 to $46.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Wells Fargo & Company reiterated a "buy" rating on shares of Klaviyo in a report on Friday, October 18th. Piper Sandler boosted their target price on shares of Klaviyo from $34.00 to $45.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. Robert W. Baird boosted their price target on shares of Klaviyo from $42.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, Barclays boosted their price target on shares of Klaviyo from $32.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $39.69.
Get Our Latest Analysis on Klaviyo
Institutional Trading of Klaviyo
Several large investors have recently added to or reduced their stakes in the business. Whale Rock Capital Management LLC grew its position in Klaviyo by 608.9% in the third quarter. Whale Rock Capital Management LLC now owns 3,600,606 shares of the company's stock worth $127,389,000 after acquiring an additional 3,092,725 shares in the last quarter. Bank of New York Mellon Corp grew its position in Klaviyo by 677.7% in the second quarter. Bank of New York Mellon Corp now owns 2,762,128 shares of the company's stock worth $68,749,000 after acquiring an additional 2,406,973 shares in the last quarter. Glynn Capital Management LLC grew its position in Klaviyo by 19.7% in the second quarter. Glynn Capital Management LLC now owns 1,363,768 shares of the company's stock worth $33,944,000 after acquiring an additional 224,461 shares in the last quarter. Claro Advisors LLC grew its position in Klaviyo by 38.7% in the second quarter. Claro Advisors LLC now owns 1,280,035 shares of the company's stock worth $31,860,000 after acquiring an additional 357,355 shares in the last quarter. Finally, Millennium Management LLC grew its position in Klaviyo by 53.6% in the second quarter. Millennium Management LLC now owns 1,120,485 shares of the company's stock worth $27,889,000 after acquiring an additional 390,849 shares in the last quarter. 45.43% of the stock is owned by institutional investors.
About Klaviyo
(
Get Free Report)
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.
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