Blair William & Co. IL Buys 25,149 Shares of Klaviyo, Inc. (NYSE:KVYO)

Blair William & Co. IL raised its stake in Klaviyo, Inc. (NYSE:KVYO) by 14.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 200,680 shares of the company’s stock after buying an additional 25,149 shares during the period. Blair William & Co. IL owned about 0.08% of Klaviyo worth $4,995,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC bought a new stake in Klaviyo in the first quarter valued at approximately $662,000. Swiss National Bank acquired a new stake in shares of Klaviyo during the first quarter worth $1,776,000. Claro Advisors LLC bought a new position in Klaviyo during the first quarter worth $23,510,000. Norges Bank acquired a new position in Klaviyo in the fourth quarter valued at $21,258,000. Finally, Salem Investment Counselors Inc. boosted its position in Klaviyo by 161.1% during the first quarter. Salem Investment Counselors Inc. now owns 2,350 shares of the company’s stock valued at $60,000 after acquiring an additional 1,450 shares during the last quarter. Institutional investors and hedge funds own 45.43% of the company’s stock.

Klaviyo Stock Up 1.7 %

Shares of NYSE:KVYO opened at $34.04 on Friday. The business’s 50 day moving average is $29.21 and its 200 day moving average is $25.73. Klaviyo, Inc. has a 12-month low of $21.26 and a 12-month high of $37.36.

Klaviyo (NYSE:KVYO) last posted its earnings results on Wednesday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.05. The firm had revenue of $222.21 million during 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 business’s revenue was up 35.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.09 EPS. Analysts forecast that Klaviyo, Inc. will post -0.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on KVYO shares. Cantor Fitzgerald lifted their price objective on Klaviyo from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Barclays boosted their price target on Klaviyo from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Piper Sandler raised their price objective on shares of Klaviyo from $30.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Klaviyo in a research report on Wednesday, September 4th. Finally, KeyCorp raised shares of Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 target price on the stock in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.65.

Insiders Place Their Bets

In other news, major shareholder Summit Partners L. P sold 1,300 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $31.64, for a total value of $41,132.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CTO Allen Chaves sold 130,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $31.85, for a total transaction of $4,140,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Summit Partners L. P sold 1,300 shares of Klaviyo stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $31.64, for a total transaction of $41,132.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 843,363 shares of company stock valued at $26,583,602. Corporate insiders own 53.24% of the company’s stock.

Klaviyo 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.