Wilmington Savings Fund Society FSB Purchases 16,050 Shares of Klaviyo, Inc. (NYSE:KVYO)

Wilmington Savings Fund Society FSB grew its position in shares of Klaviyo, Inc. (NYSE:KVYO) by 17,445.7% in the fourth quarter, HoldingsChannel reports. The fund owned 16,142 shares of the company’s stock after acquiring an additional 16,050 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Klaviyo were worth $666,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in KVYO. Renaissance Capital LLC lifted its position in shares of Klaviyo by 56.4% in the fourth quarter. Renaissance Capital LLC now owns 122,646 shares of the company’s stock worth $5,058,000 after purchasing an additional 44,245 shares in the last quarter. SG Americas Securities LLC lifted its position in Klaviyo by 21.4% during the 4th quarter. SG Americas Securities LLC now owns 10,929 shares of the company’s stock worth $451,000 after buying an additional 1,923 shares in the last quarter. Oak Ridge Investments LLC acquired a new position in shares of Klaviyo during the 4th quarter worth about $1,646,000. Capital Investment Advisors LLC bought a new position in shares of Klaviyo in the 4th quarter valued at about $621,000. Finally, Barclays PLC increased its position in shares of Klaviyo by 1,202.0% in the third quarter. Barclays PLC now owns 12,825 shares of the company’s stock valued at $453,000 after acquiring an additional 11,840 shares during the last quarter. 45.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Klaviyo

In other news, insider Landon Edmond sold 40,000 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $34.56, for a total transaction of $1,382,400.00. Following the completion of the sale, the insider now directly owns 236,621 shares in the company, valued at approximately $8,177,621.76. This represents a 14.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Amanda Whalen sold 15,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was 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 owns 376,820 shares in the company, valued at $17,277,197. The trade was a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 174,072 shares of company stock valued at $6,778,517 in the last quarter. Company insiders own 53.24% of the company’s stock.

Klaviyo Stock Performance

KVYO stock opened at $49.23 on Tuesday. Klaviyo, Inc. has a 52 week low of $21.26 and a 52 week high of $49.43. The company has a market capitalization of $13.27 billion, a PE ratio of -273.50 and a beta of 0.60. The company’s 50-day simple moving average is $42.17 and its 200 day simple moving average is $36.61.

Analysts Set New Price Targets

KVYO has been the subject of a number of analyst reports. Loop Capital raised their price target on Klaviyo from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Scotiabank increased their price target on shares of Klaviyo from $35.00 to $45.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. Benchmark lowered their price objective on shares of Klaviyo from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Macquarie reiterated a “neutral” rating and issued a $36.00 target price on shares of Klaviyo in a research note on Friday, November 8th. Finally, Cantor Fitzgerald lifted their price target on Klaviyo from $33.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Four investment 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.63.

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.