Klaviyo (NYSE:KVYO) Price Target Increased to $41.00 by Analysts at Barclays

Klaviyo (NYSE:KVYO) had its price target increased by Barclays from $32.00 to $41.00 in a research report released on Friday, Benzinga reports. They currently have an overweight rating on the stock.

Several other equities analysts also recently commented on the stock. Piper Sandler boosted their target price on shares of Klaviyo from $30.00 to $34.00 and gave the stock an overweight rating in a report on Thursday, August 8th. Robert W. Baird lifted their target price on Klaviyo from $35.00 to $42.00 and gave the stock an outperform rating in a report on Thursday, October 10th. KeyCorp raised Klaviyo from a sector weight rating to an overweight rating and set a $33.00 price target for the company in a research note on Thursday, August 8th. Needham & Company LLC reaffirmed a buy rating and issued a $40.00 price objective on shares of Klaviyo in a research note on Wednesday, September 4th. Finally, Cantor Fitzgerald increased their target price on Klaviyo from $31.00 to $33.00 and gave the company an overweight rating in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $36.89.

Klaviyo Price Performance

Shares of NYSE:KVYO opened at $36.61 on Friday. The company has a market capitalization of $9.69 billion and a P/E ratio of -25.96. Klaviyo has a 1-year low of $21.26 and a 1-year high of $37.64. The firm’s 50 day simple moving average is $32.42 and its two-hundred day simple moving average is $26.85.

Klaviyo (NYSE:KVYO) last issued its earnings results on Wednesday, August 7th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate 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%. Klaviyo’s quarterly revenue was up 35.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 EPS. On average, sell-side analysts anticipate that Klaviyo will post -0.01 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Amanda Whalen sold 10,000 shares of Klaviyo stock in a transaction on Friday, October 4th. The stock was sold at an average price of $35.36, for a total transaction of $353,600.00. Following the completion of the sale, the chief financial officer now directly owns 422,813 shares in the company, valued at approximately $14,950,667.68. This trade represents a 0.00 % 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. In other news, CFO Amanda Whalen sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $35.36, for a total transaction of $353,600.00. Following the transaction, the chief financial officer now directly owns 422,813 shares of the company’s stock, valued at approximately $14,950,667.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Stephen Eric Rowland sold 18,114 shares of Klaviyo stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $31.24, for a total transaction of $565,881.36. Following the sale, the president now directly owns 192,488 shares of the company’s stock, valued at $6,013,325.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 853,363 shares of company stock valued at $26,937,202. 53.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Klaviyo

Several large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. increased its holdings in shares of Klaviyo by 243.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,472,140 shares of the company’s stock valued at $40,896,000 after acquiring an additional 1,042,902 shares during the period. Moody National Bank Trust Division raised its holdings 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 purchasing an additional 7,316 shares in the last quarter. Salem Investment Counselors Inc. lifted its position in shares of Klaviyo by 161.1% during the first quarter. Salem Investment Counselors Inc. now owns 2,350 shares of the company’s stock valued at $60,000 after buying an additional 1,450 shares during the last quarter. Claro Advisors LLC bought a new stake in shares of Klaviyo in the 1st quarter valued at about $23,510,000. Finally, Mayflower Financial Advisors LLC purchased a new position in shares of Klaviyo in the 1st quarter worth approximately $6,203,000. Institutional investors own 45.43% 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.