Klaviyo, Inc. (NYSE:KVYO - Get Free Report) President Stephen Eric Rowland sold 7,060 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $26.66, for a total transaction of $188,219.60. Following the completion of the sale, the president now owns 447,310 shares in the company, valued at approximately $11,925,284.60. This trade represents a 1.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Stephen Eric Rowland also recently made the following trade(s):
- On Friday, March 7th, Stephen Eric Rowland sold 36,710 shares of Klaviyo stock. The shares were sold at an average price of $35.08, for a total transaction of $1,287,786.80.
Klaviyo Stock Performance
Shares of NYSE:KVYO opened at $25.95 on Thursday. The company has a 50-day simple moving average of $35.35 and a 200 day simple moving average of $38.16. The company has a market capitalization of $7.09 billion, a P/E ratio of -144.17 and a beta of 1.39. Klaviyo, Inc. has a 52-week low of $21.26 and a 52-week high of $49.55.
Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.12). Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. The business had revenue of $270.16 million for the quarter, compared to analyst estimates of $257.24 million. As a group, equities analysts forecast that Klaviyo, Inc. will post 0.04 earnings per share for the current year.
Wall Street Analysts Forecast Growth
KVYO has been the subject of a number of research analyst reports. Stephens initiated coverage on Klaviyo in a research note on Wednesday, March 19th. They issued an "overweight" rating and a $43.00 target price for the company. Robert W. Baird boosted their price objective on Klaviyo from $52.00 to $54.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Benchmark raised their target price on shares of Klaviyo from $40.00 to $51.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. Mizuho reduced their price target on shares of Klaviyo from $52.00 to $40.00 and set an "outperform" rating for the company in a report on Tuesday. Finally, Loop Capital raised their price objective on shares of Klaviyo from $45.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $47.89.
View Our Latest Stock Analysis on Klaviyo
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of KVYO. Vanguard Group Inc. boosted its holdings in shares of Klaviyo by 9.1% during the fourth quarter. Vanguard Group Inc. now owns 7,721,855 shares of the company's stock worth $318,449,000 after acquiring an additional 646,628 shares during the period. Whale Rock Capital Management LLC grew its holdings in Klaviyo by 7.4% in the 4th quarter. Whale Rock Capital Management LLC now owns 3,868,451 shares of the company's stock valued at $159,535,000 after buying an additional 267,845 shares in the last quarter. Bank of New York Mellon Corp increased its position in Klaviyo by 5.0% during the 4th quarter. Bank of New York Mellon Corp now owns 2,926,187 shares of the company's stock worth $120,676,000 after buying an additional 140,127 shares during the period. Clearbridge Investments LLC increased its position in Klaviyo by 0.9% during the 4th quarter. Clearbridge Investments LLC now owns 2,168,336 shares of the company's stock worth $89,422,000 after buying an additional 19,567 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Klaviyo by 48.6% during the fourth quarter. Franklin Resources Inc. now owns 1,943,523 shares of the company's stock worth $80,151,000 after buying an additional 635,962 shares in the last quarter. Institutional investors and hedge funds own 45.43% of the company's stock.
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.
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