Klaviyo, Inc. (NYSE:KVYO) President Stephen Eric Rowland Sells 18,114 Shares

Klaviyo, Inc. (NYSE:KVYO) President Stephen Eric Rowland sold 18,114 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $31.24, for a total transaction of $565,881.36. Following the transaction, the president now directly owns 192,488 shares of the company’s stock, valued at $6,013,325.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Stephen Eric Rowland also recently made the following trade(s):

• On Friday, August 16th, Stephen Eric Rowland sold 18,114 shares of Klaviyo stock. The shares were sold at an average price of $31.67, for a total value of $573,670.38.

Klaviyo Stock Up 0.1 %

Shares of KVYO stock traded up $0.02 during trading on Wednesday, reaching $33.66. The company had a trading volume of 1,470,682 shares, compared to its average volume of 1,186,198. The firm’s 50 day simple moving average is $28.60 and its two-hundred day simple moving average is $25.57. Klaviyo, Inc. has a one year low of $21.26 and a one year high of $39.47.

Klaviyo (NYSE:KVYO) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. The company had revenue of $222.21 million for the quarter, compared to analyst estimates of $212.34 million. Klaviyo had a negative net margin of 42.15% and a negative return on equity of 32.19%. The company’s quarterly revenue was up 35.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 earnings per share. As a group, research analysts predict that Klaviyo, Inc. will post -0.01 EPS for the current year.

Analyst Upgrades and Downgrades

KVYO has been the subject of a number of recent analyst reports. Cantor Fitzgerald increased their target price on shares of Klaviyo from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Barclays raised their price objective on shares of Klaviyo from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of Klaviyo in a research report on Wednesday, September 4th. Piper Sandler lifted their price target on Klaviyo from $30.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Finally, KeyCorp upgraded Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 price objective for the company in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Klaviyo has a consensus rating of “Moderate Buy” and an average price target of $35.65.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in shares of Klaviyo by 677.7% during the second quarter. Bank of New York Mellon Corp now owns 2,762,128 shares of the company’s stock worth $68,749,000 after buying an additional 2,406,973 shares during the last quarter. Clearbridge Investments LLC increased its position in Klaviyo by 1.5% during the first quarter. Clearbridge Investments LLC now owns 2,205,684 shares of the company’s stock worth $56,201,000 after acquiring an additional 31,587 shares during the period. Goldman Sachs Group Inc. raised its stake in Klaviyo by 243.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,472,140 shares of the company’s stock valued at $40,896,000 after purchasing an additional 1,042,902 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Klaviyo by 95.4% in the 4th quarter. Franklin Resources Inc. now owns 1,380,515 shares of the company’s stock valued at $38,351,000 after purchasing an additional 673,929 shares during the period. Finally, Glynn Capital Management LLC boosted its holdings in Klaviyo by 19.7% in the 2nd quarter. Glynn Capital Management LLC now owns 1,363,768 shares of the company’s stock valued at $33,944,000 after purchasing an additional 224,461 shares during the period. 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.