Klaviyo, Inc. (NYSE:KVYO) Shares Bought by Ieq Capital LLC

Ieq Capital LLC grew its holdings in shares of Klaviyo, Inc. (NYSE:KVYO) by 370.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,024 shares of the company’s stock after purchasing an additional 40,171 shares during the period. Ieq Capital LLC’s holdings in Klaviyo were worth $2,104,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Advisors Asset Management Inc. boosted its stake in Klaviyo by 145.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock valued at $48,000 after purchasing an additional 808 shares in the last quarter. SG Americas Securities LLC boosted its stake in Klaviyo by 21.4% during the fourth quarter. SG Americas Securities LLC now owns 10,929 shares of the company’s stock valued at $451,000 after buying an additional 1,923 shares in the last quarter. West Tower Group LLC acquired a new position in Klaviyo during the third quarter worth about $177,000. Victory Capital Management Inc. acquired a new position in Klaviyo during the third quarter worth about $208,000. Finally, New York State Common Retirement Fund raised its position in Klaviyo by 41.0% in the fourth quarter. New York State Common Retirement Fund now owns 22,297 shares of the company’s stock worth $920,000 after acquiring an additional 6,488 shares in the last quarter. 45.43% of the stock is currently owned by institutional investors.

Klaviyo Stock Down 5.6 %

Shares of Klaviyo stock opened at $41.79 on Monday. Klaviyo, Inc. has a 12-month low of $21.26 and a 12-month high of $49.55. The firm’s 50-day moving average price is $43.72 and its two-hundred day moving average price is $38.14. The company has a market capitalization of $11.27 billion, a price-to-earnings ratio of -232.14 and a beta of 0.60.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings results on Wednesday, February 19th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.12). The business had revenue of $270.16 million for the quarter, compared to the consensus estimate of $257.24 million. Klaviyo had a positive return on equity of 0.89% and a negative net margin of 4.92%. On average, sell-side analysts expect that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Landon Edmond sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $41.80, for a total transaction of $1,672,000.00. Following the transaction, the insider now directly owns 298,607 shares of the company’s stock, valued at approximately $12,481,772.60. This represents a 11.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Amanda Whalen sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $39.18, for a total value of $587,700.00. Following the completion of the sale, the chief financial officer now directly owns 391,820 shares of the company’s stock, valued at $15,351,507.60. This trade represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 114,536 shares of company stock valued at $4,720,953 over the last ninety days. 53.24% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus raised their price objective on shares of Klaviyo from $45.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday. Citigroup upped their price target on Klaviyo from $39.00 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Loop Capital raised their price objective on Klaviyo from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Barclays upped their target price on Klaviyo from $47.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Benchmark lifted their price target on Klaviyo from $40.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Klaviyo presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.44.

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.