SG Americas Securities LLC Increases Stock Position in Klaviyo, Inc. (NYSE:KVYO)

SG Americas Securities LLC increased its position in shares of Klaviyo, Inc. (NYSE:KVYO) by 21.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,929 shares of the company’s stock after purchasing an additional 1,923 shares during the quarter. SG Americas Securities LLC’s holdings in Klaviyo were worth $451,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in Klaviyo by 145.6% in the third quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after acquiring an additional 808 shares during the period. nVerses Capital LLC purchased a new position in Klaviyo in the third quarter valued at approximately $53,000. West Tower Group LLC purchased a new stake in Klaviyo in the third quarter worth $177,000. Victory Capital Management Inc. bought a new stake in shares of Klaviyo in the third quarter valued at $208,000. Finally, William Marsh Rice University purchased a new position in shares of Klaviyo during the 3rd quarter valued at $245,000. 45.43% of the stock is owned by institutional investors.

Klaviyo Stock Down 2.7 %

NYSE:KVYO opened at $45.94 on Monday. Klaviyo, Inc. has a twelve month low of $21.26 and a twelve month high of $47.96. The stock has a market cap of $12.39 billion, a P/E ratio of -255.21 and a beta of 0.57. The firm’s fifty day simple moving average is $41.11 and its 200 day simple moving average is $35.75.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $235.09 million during the quarter, compared to the consensus estimate of $226.33 million. Klaviyo had a positive return on equity of 0.86% and a negative net margin of 5.23%. The firm’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.24) earnings per share. On average, analysts expect that Klaviyo, Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Klaviyo in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $45.00 target price for the company. Wells Fargo & Company boosted their target price on shares of Klaviyo from $37.00 to $41.00 and gave the company an “equal weight” rating in a report on Tuesday, January 7th. William Blair reiterated an “outperform” rating on shares of Klaviyo in a research report on Thursday, December 19th. Robert W. Baird increased their price objective on Klaviyo from $42.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, KeyCorp lifted their target price on Klaviyo from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.18.

Insider Buying and Selling

In other news, President Stephen Eric Rowland sold 4,536 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $34.56, for a total value of $156,764.16. Following the completion of the transaction, the president now owns 186,785 shares in the company, valued at $6,455,289.60. The trade was a 2.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Amanda Whalen sold 1,050 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $40.07, for a total transaction of $42,073.50. Following the transaction, the chief financial officer now owns 395,616 shares in the company, valued at $15,852,333.12. This represents a 0.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 159,072 shares of company stock worth $6,090,767 in the last 90 days. 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.