GSA Capital Partners LLP Sells 12,495 Shares of Klaviyo, Inc. (NYSE:KVYO)

GSA Capital Partners LLP lowered its stake in Klaviyo, Inc. (NYSE:KVYO) by 56.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,815 shares of the company’s stock after selling 12,495 shares during the period. GSA Capital Partners LLP’s holdings in Klaviyo were worth $347,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. nVerses Capital LLC acquired a new stake in shares of Klaviyo during the third quarter valued at about $53,000. EntryPoint Capital LLC acquired a new stake in shares of Klaviyo during the first quarter valued at about $71,000. SG Americas Securities LLC acquired a new stake in shares of Klaviyo during the second quarter valued at about $236,000. William Marsh Rice University acquired a new stake in shares of Klaviyo during the third quarter valued at about $245,000. Finally, Creative Planning acquired a new stake in shares of Klaviyo during the third quarter valued at about $254,000. Institutional investors own 45.43% of the company’s stock.

Wall Street Analysts Forecast Growth

KVYO has been the topic of a number of recent analyst reports. Cantor Fitzgerald lifted their price objective on Klaviyo from $33.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Stifel Nicolaus assumed coverage on Klaviyo in a report on Tuesday, October 22nd. They issued a “buy” rating and a $45.00 target price for the company. Robert W. Baird lifted their target price on Klaviyo from $42.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Canaccord Genuity Group lifted their target price on Klaviyo from $32.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Macquarie reiterated a “neutral” rating and issued a $36.00 target price on shares of Klaviyo in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Klaviyo currently has an average rating of “Moderate Buy” and an average price target of $39.00.

Klaviyo Stock Up 0.7 %

Shares of KVYO opened at $36.87 on Friday. The company has a market cap of $9.94 billion, a PE ratio of -204.82 and a beta of 1.13. The business has a fifty day moving average of $36.26 and a 200 day moving average of $29.56. Klaviyo, Inc. has a 52-week low of $21.26 and a 52-week high of $41.00.

Klaviyo (NYSE:KVYO) last released its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $235.09 million for the quarter, compared to analyst estimates of $226.33 million. Klaviyo had a positive return on equity of 0.86% and a negative net margin of 5.23%. The business’s revenue was up 33.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.24) earnings per share. As a group, research analysts anticipate that Klaviyo, Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, insider Landon Edmond sold 21,764 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $32.28, for a total value of $702,541.92. Following the completion of the transaction, the insider now directly owns 245,743 shares of the company’s stock, valued at approximately $7,932,584.04. The trade was a 8.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Stephen Eric Rowland sold 18,114 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $37.19, for a total value of $673,659.66. Following the completion of the sale, the president now owns 192,488 shares of the company’s stock, valued at $7,158,628.72. This trade represents a 8.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 376,033 shares of company stock worth $12,190,812 over the last quarter. Insiders own 53.24% 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.