Klaviyo, Inc. (NYSE:KVYO - Get Free Report) major shareholder Jeff Fagnan bought 3,900 shares of the company's stock in a transaction on Wednesday, April 9th. The shares were bought at an average price of $25.77 per share, for a total transaction of $100,503.00. Following the transaction, the insider now owns 3,900 shares of the company's stock, valued at approximately $100,503. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Klaviyo Trading Down 5.4 %
Shares of NYSE KVYO opened at $27.50 on Friday. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of -152.75 and a beta of 1.39. The stock's 50-day moving average is $37.05 and its 200 day moving average is $38.42. Klaviyo, Inc. has a 1-year low of $21.26 and a 1-year high of $49.55.
Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.12). Klaviyo had a positive return on equity of 0.89% and a negative net margin of 4.92%. The business had revenue of $270.16 million during the quarter, compared to the consensus estimate of $257.24 million. On average, analysts forecast that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.
Analyst Ratings Changes
A number of analysts recently issued reports on KVYO shares. Benchmark increased their price objective on Klaviyo from $40.00 to $51.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. KeyCorp increased their price target on shares of Klaviyo from $42.00 to $45.00 and gave the stock an "overweight" rating in a report on Friday, December 13th. Wells Fargo & Company reduced their price objective on shares of Klaviyo from $48.00 to $45.00 and set an "equal weight" rating for the company in a research note on Thursday, February 20th. Canaccord Genuity Group increased their target price on shares of Klaviyo from $40.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Finally, Cantor Fitzgerald boosted their price target on shares of Klaviyo from $47.00 to $54.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Klaviyo has a consensus rating of "Moderate Buy" and an average target price of $49.89.
Check Out Our Latest Analysis on KVYO
Institutional Trading of Klaviyo
Several institutional investors have recently added to or reduced their stakes in the business. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Klaviyo by 8.0% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,836 shares of the company's stock valued at $220,000 after purchasing an additional 359 shares during the period. Victory Capital Management Inc. boosted its position in Klaviyo by 10.3% during the 4th quarter. Victory Capital Management Inc. now owns 6,469 shares of the company's stock valued at $267,000 after buying an additional 604 shares during the period. Arizona State Retirement System grew its holdings in Klaviyo by 4.0% in the 4th quarter. Arizona State Retirement System now owns 16,854 shares of the company's stock worth $695,000 after acquiring an additional 648 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Klaviyo by 5.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 14,285 shares of the company's stock valued at $589,000 after acquiring an additional 677 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Klaviyo by 77.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company's stock valued at $77,000 after acquiring an additional 818 shares during the last quarter. 45.43% of the stock is currently owned by hedge funds and other institutional investors.
Klaviyo Company Profile
(
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
