Klaviyo, Inc. (NYSE:KVYO) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in shares of Klaviyo, Inc. (NYSE:KVYO) by 27.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 424,357 shares of the company’s stock after buying an additional 91,824 shares during the period. Charles Schwab Investment Management Inc. owned 0.16% of Klaviyo worth $15,014,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of KVYO. Advisors Asset Management Inc. raised its position in Klaviyo by 145.6% in 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. nVerses Capital LLC acquired a new stake in shares of Klaviyo during the third quarter worth about $53,000. Victory Capital Management Inc. acquired a new position in shares of Klaviyo in the third quarter valued at approximately $208,000. SG Americas Securities LLC purchased a new stake in shares of Klaviyo in the second quarter valued at about $236,000. Finally, William Marsh Rice University purchased a new position in shares of Klaviyo during the 3rd quarter worth approximately $245,000. 45.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Robert W. Baird lifted their price target on Klaviyo from $42.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Macquarie reaffirmed a “neutral” rating and issued a $36.00 target price on shares of Klaviyo in a research report on Friday, November 8th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Klaviyo in a research report on Friday, October 18th. Stifel Nicolaus assumed coverage on shares of Klaviyo in a research note on Tuesday, October 22nd. They set a “buy” rating and a $45.00 price target on the stock. Finally, Barclays lifted their price target on shares of Klaviyo from $32.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Insider Activity

In other news, CFO Amanda Whalen sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $35.36, for a total value of $353,600.00. Following the transaction, the chief financial officer now owns 422,813 shares of the company’s stock, valued at approximately $14,950,667.68. This represents a 2.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Stephen Eric Rowland sold 4,536 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.56, for a total transaction of $156,764.16. Following the transaction, the president now directly owns 186,785 shares in the company, valued at approximately $6,455,289.60. This represents a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 342,969 shares of company stock worth $11,149,938 over the last quarter. 53.24% of the stock is currently owned by company insiders.

Klaviyo Trading Up 4.4 %

KVYO opened at $39.74 on Friday. Klaviyo, Inc. has a 1-year low of $21.26 and a 1-year high of $41.00. The stock has a market capitalization of $10.72 billion, a PE ratio of -220.77 and a beta of 0.97. The firm has a 50-day moving average price of $37.00 and a two-hundred day moving average price of $30.56.

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

About Klaviyo

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.