XTX Topco Ltd Purchases 13,016 Shares of Klaviyo, Inc. (NYSE:KVYO)

XTX Topco Ltd lifted its position in shares of Klaviyo, Inc. (NYSE:KVYO) by 114.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,363 shares of the company’s stock after purchasing an additional 13,016 shares during the period. XTX Topco Ltd’s holdings in Klaviyo were worth $606,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KVYO. Norges Bank purchased a new position in Klaviyo in the fourth quarter worth $21,258,000. Capstone Investment Advisors LLC boosted its holdings in shares of Klaviyo by 25.0% in the 4th quarter. Capstone Investment Advisors LLC now owns 125,072 shares of the company’s stock worth $3,474,000 after buying an additional 25,035 shares during the last quarter. Sands Capital Management LLC grew its position in Klaviyo by 3.8% during the fourth quarter. Sands Capital Management LLC now owns 663,303 shares of the company’s stock valued at $18,427,000 after buying an additional 24,329 shares during the period. Goldman Sachs Group Inc. increased its holdings in Klaviyo by 243.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,472,140 shares of the company’s stock worth $40,896,000 after buying an additional 1,042,902 shares during the last quarter. Finally, Moody National Bank Trust Division raised its position in Klaviyo by 87.9% in the first quarter. Moody National Bank Trust Division now owns 15,639 shares of the company’s stock worth $398,000 after acquiring an additional 7,316 shares during the period. 45.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Amanda Whalen sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $30.23, for a total value of $1,813,800.00. Following the completion of the sale, the chief financial officer now directly owns 435,993 shares in the company, valued at approximately $13,180,068.39. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Amanda Whalen sold 60,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $30.23, for a total value of $1,813,800.00. Following the completion of the sale, the chief financial officer now owns 435,993 shares of the company’s stock, valued at approximately $13,180,068.39. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Jeff Fagnan purchased 9,485 shares of Klaviyo stock in a transaction that occurred on Thursday, August 1st. The shares were bought at an average price of $26.43 per share, for a total transaction of $250,688.55. Following the completion of the transaction, the insider now owns 9,485 shares in the company, valued at $250,688.55. The disclosure for this purchase can be found here. In the last three months, insiders have sold 843,363 shares of company stock worth $26,583,602. 53.24% of the stock is currently owned by insiders.

Klaviyo Stock Up 0.3 %

Shares of KVYO opened at $34.13 on Tuesday. Klaviyo, Inc. has a 1-year low of $21.26 and a 1-year high of $37.36. The firm’s 50 day simple moving average is $29.40 and its 200 day simple moving average is $25.79.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. The company had revenue of $222.21 million during the quarter, compared to the consensus estimate of $212.34 million. Klaviyo had a negative net margin of 42.15% and a negative return on equity of 32.19%. The firm’s revenue was up 35.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. On average, sell-side analysts anticipate that Klaviyo, Inc. will post -0.01 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on KVYO shares. Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of Klaviyo in a research note on Wednesday, September 4th. KeyCorp upgraded Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 target price on the stock in a research note on Thursday, August 8th. Piper Sandler lifted their price objective on Klaviyo from $30.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Barclays upped their price objective on shares of Klaviyo from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Finally, Cantor Fitzgerald increased their target price on shares of Klaviyo from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.65.

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.