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

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

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 shares were sold at an average price of $39.39, for a total value of $590,850.00.
• On Monday, December 9th, Amanda Whalen sold 1,050 shares of Klaviyo stock. The shares were sold at an average price of $40.07, for a total value 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 value of $958,958.00.
• On Monday, November 18th, Amanda Whalen sold 15,000 shares of Klaviyo stock. The shares were sold at an average price of $34.56, for a total value of $518,400.00.

Klaviyo Stock Down 1.9 %

Shares of NYSE KVYO opened at $47.69 on Friday. The business’s 50 day moving average price is $41.76 and its two-hundred day moving average price is $36.22. The company has a market cap of $12.86 billion, a PE ratio of -264.94 and a beta of 0.60. Klaviyo, Inc. has a twelve month low of $21.26 and a twelve month high of $48.73.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. William Blair restated an “outperform” rating on shares of Klaviyo in a report on Thursday, December 19th. Macquarie restated a “neutral” rating and issued a $36.00 price target on shares of Klaviyo in a report on Friday, November 8th. Needham & Company LLC boosted their price target on Klaviyo from $40.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Benchmark cut their price target on Klaviyo from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Stifel Nicolaus initiated coverage on Klaviyo in a report on Tuesday, October 22nd. They set a “buy” rating and a $45.00 target price on the stock. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Klaviyo presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.63.

Hedge Funds Weigh In On Klaviyo

A number of institutional investors have recently bought and sold shares of KVYO. Advisors Asset Management Inc. increased its stake in shares of Klaviyo by 145.6% during the third quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after purchasing an additional 808 shares during the period. nVerses Capital LLC bought a new position in shares of Klaviyo during the third quarter worth approximately $53,000. West Tower Group LLC bought a new position in shares of Klaviyo during the third quarter worth approximately $177,000. SBI Securities Co. Ltd. bought a new position in shares of Klaviyo during the fourth quarter worth approximately $196,000. Finally, US Bancorp DE bought a new position in shares of Klaviyo during the fourth quarter worth approximately $199,000. Institutional investors and hedge funds own 45.43% of the company’s stock.

Klaviyo Company Profile

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.