Y Intercept Hong Kong Ltd Purchases New Stake in Klaviyo, Inc. (NYSE:KVYO)

Y Intercept Hong Kong Ltd acquired a new position in shares of Klaviyo, Inc. (NYSE:KVYO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,064 shares of the company’s stock, valued at approximately $374,000.

Several other large investors also recently added to or reduced their stakes in KVYO. Advisors Asset Management Inc. boosted its position in shares of Klaviyo by 145.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock valued at $48,000 after acquiring an additional 808 shares during the last quarter. West Tower Group LLC acquired a new position in Klaviyo in the 3rd quarter valued at about $177,000. Victory Capital Management Inc. purchased a new stake in shares of Klaviyo in the 3rd quarter valued at approximately $208,000. Creative Planning purchased a new stake in shares of Klaviyo in the 3rd quarter valued at approximately $254,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Klaviyo during the 3rd quarter worth approximately $335,000. 45.43% of the stock is currently owned by hedge funds and other institutional investors.

Klaviyo Stock Down 2.6 %

Shares of NYSE KVYO opened at $38.31 on Tuesday. The business has a 50-day moving average price of $43.39 and a 200 day moving average price of $38.51. The stock has a market cap of $10.46 billion, a PE ratio of -212.83 and a beta of 0.60. Klaviyo, Inc. has a 52-week low of $21.26 and a 52-week high of $49.55.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings data on Wednesday, February 19th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.12). The firm had revenue of $270.16 million during the quarter, compared to analyst estimates of $257.24 million. Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. Sell-side analysts anticipate that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on KVYO shares. Loop Capital lifted their target price on Klaviyo from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. The Goldman Sachs Group boosted their price objective on shares of Klaviyo from $45.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Scotiabank increased their target price on shares of Klaviyo from $35.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 29th. Piper Sandler boosted their price target on shares of Klaviyo from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Finally, Canaccord Genuity Group increased their price objective on shares of Klaviyo from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $49.44.

Insider Buying and Selling

In other Klaviyo news, President Stephen Eric Rowland sold 4,536 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $40.04, for a total transaction of $181,621.44. Following the sale, the president now directly owns 260,403 shares in the company, valued at approximately $10,426,536.12. The trade was a 1.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Amanda Whalen sold 1,050 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $40.07, for a total transaction of $42,073.50. Following the transaction, the chief financial officer now directly owns 395,616 shares in the company, valued at approximately $15,852,333.12. This trade represents a 0.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 114,536 shares of company stock worth $4,720,953 in the last 90 days. Company 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.