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

Klaviyo, Inc. (NYSE:KVYO) CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction on Friday, December 13th. The shares were sold at an average price of $39.39, for a total transaction of $590,850.00. Following the completion of the transaction, the chief financial officer now owns 391,820 shares in the company, valued at approximately $15,433,789.80. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Amanda Whalen also recently made the following trade(s):

• 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 transaction 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 transaction 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 transaction of $518,400.00.
• On Friday, October 4th, Amanda Whalen sold 10,000 shares of Klaviyo stock. The shares were sold at an average price of $35.36, for a total transaction of $353,600.00.

Klaviyo Stock Performance

NYSE KVYO opened at $39.06 on Friday. Klaviyo, Inc. has a one year low of $21.26 and a one year high of $41.00. The company has a 50-day simple moving average of $37.41 and a 200-day simple moving average of $31.05. The firm has a market capitalization of $10.53 billion, a PE ratio of -217.00 and a beta of 0.97.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04. The business had revenue of $235.09 million during the quarter, compared to analyst estimates of $226.33 million. Klaviyo had a negative net margin of 5.23% and a positive return on equity of 0.86%. The company’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period in the previous year, the business posted ($1.24) EPS. Equities analysts forecast that Klaviyo, Inc. will post 0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on KVYO shares. Robert W. Baird lifted their target price on shares of Klaviyo from $42.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Klaviyo in a research note on Friday, October 18th. Needham & Company LLC lifted their price target on shares of Klaviyo from $40.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Macquarie reaffirmed a “neutral” rating and set a $36.00 price target on shares of Klaviyo in a research note on Friday, November 8th. Finally, Benchmark dropped their price target 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. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.69.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Whale Rock Capital Management LLC boosted its stake in Klaviyo by 608.9% during the 3rd quarter. Whale Rock Capital Management LLC now owns 3,600,606 shares of the company’s stock valued at $127,389,000 after purchasing an additional 3,092,725 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Klaviyo by 677.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,762,128 shares of the company’s stock worth $68,749,000 after acquiring an additional 2,406,973 shares during the period. Glynn Capital Management LLC lifted its stake in shares of Klaviyo by 19.7% in the 2nd quarter. Glynn Capital Management LLC now owns 1,363,768 shares of the company’s stock worth $33,944,000 after acquiring an additional 224,461 shares during the period. Claro Advisors LLC lifted its stake in shares of Klaviyo by 38.7% in the 2nd quarter. Claro Advisors LLC now owns 1,280,035 shares of the company’s stock worth $31,860,000 after acquiring an additional 357,355 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Klaviyo by 53.6% in the 2nd quarter. Millennium Management LLC now owns 1,120,485 shares of the company’s stock worth $27,889,000 after acquiring an additional 390,849 shares during the period. 45.43% of the stock is owned by institutional investors and hedge funds.

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.