Klaviyo, Inc. (NYSE:KVYO) Stock Holdings Increased by Swiss National Bank

Swiss National Bank boosted its stake in shares of Klaviyo, Inc. (NYSE:KVYO) by 3.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 114,200 shares of the company’s stock after purchasing an additional 4,300 shares during the period. Swiss National Bank’s holdings in Klaviyo were worth $4,710,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Klaviyo by 8.0% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,836 shares of the company’s stock valued at $220,000 after acquiring an additional 359 shares in the last quarter. Victory Capital Management Inc. grew its stake in Klaviyo by 10.3% in the fourth quarter. Victory Capital Management Inc. now owns 6,469 shares of the company’s stock valued at $267,000 after purchasing an additional 604 shares in the last quarter. Arizona State Retirement System increased its position in Klaviyo by 4.0% in the 4th quarter. Arizona State Retirement System now owns 16,854 shares of the company’s stock worth $695,000 after purchasing an additional 648 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings 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 buying an additional 808 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Klaviyo by 21.4% in the 4th quarter. SG Americas Securities LLC now owns 10,929 shares of the company’s stock valued at $451,000 after buying an additional 1,923 shares in the last quarter. Institutional investors and hedge funds own 45.43% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Amanda Whalen sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $33.54, for a total value of $503,100.00. Following the sale, the chief financial officer now directly owns 349,623 shares in the company, valued at approximately $11,726,355.42. This represents a 4.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Stephen Eric Rowland sold 4,536 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $40.04, for a total value of $181,621.44. Following the completion of the transaction, the president now directly owns 260,403 shares of the company’s stock, valued at approximately $10,426,536.12. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,126,246 shares of company stock worth $69,799,958. 53.24% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Mizuho lifted their target price on shares of Klaviyo from $42.00 to $52.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Piper Sandler lifted their price objective 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. William Blair reissued an “outperform” rating on shares of Klaviyo in a research report on Thursday, February 20th. Canaccord Genuity Group boosted their price target on Klaviyo from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Finally, Robert W. Baird increased their price objective on Klaviyo from $52.00 to $54.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $49.89.

Klaviyo Price Performance

Shares of Klaviyo stock opened at $33.85 on Tuesday. The company has a market cap of $9.24 billion, a PE ratio of -188.03 and a beta of 0.86. The firm has a fifty day moving average price of $41.13 and a two-hundred day moving average price of $38.80. Klaviyo, Inc. has a fifty-two week low of $21.26 and a fifty-two week high of $49.55.

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