nVerses Capital LLC Buys New Shares in Klaviyo, Inc. (NYSE:KVYO)

nVerses Capital LLC purchased a new position in Klaviyo, Inc. (NYSE:KVYO) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,500 shares of the company’s stock, valued at approximately $53,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Salem Investment Counselors Inc. boosted its stake in shares of Klaviyo by 161.1% in the first quarter. Salem Investment Counselors Inc. now owns 2,350 shares of the company’s stock worth $60,000 after acquiring an additional 1,450 shares during the period. EntryPoint Capital LLC bought a new position in Klaviyo in the 1st quarter worth approximately $71,000. William Marsh Rice University bought a new position in Klaviyo in the 3rd quarter worth approximately $245,000. Creative Planning purchased a new stake in Klaviyo during the 3rd quarter valued at approximately $254,000. Finally, SG Americas Securities LLC bought a new stake in shares of Klaviyo during the second quarter valued at approximately $236,000. 45.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on KVYO. Robert W. Baird raised their target price on shares of Klaviyo from $35.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Benchmark initiated coverage on Klaviyo in a report on Monday, September 30th. They issued a “buy” rating and a $42.00 target price on the stock. Wells Fargo & Company reiterated a “buy” rating on shares of Klaviyo in a research report on Friday. Barclays lifted their price objective on Klaviyo from $32.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Finally, Piper Sandler increased their target price on Klaviyo from $34.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Klaviyo currently has an average rating of “Moderate Buy” and a consensus target price of $36.87.

Klaviyo Trading Up 1.3 %

KVYO stock opened at $38.01 on Tuesday. The stock has a market cap of $10.06 billion and a PE ratio of -26.96. Klaviyo, Inc. has a 12 month low of $21.26 and a 12 month high of $38.50. The company has a 50-day moving average price of $33.39 and a 200 day moving average price of $27.30.

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

Insider Buying and Selling at Klaviyo

In other news, CFO Amanda Whalen sold 60,000 shares of Klaviyo stock in a transaction on Friday, August 9th. The stock was sold at an average price of $30.23, for a total transaction 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. 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 60,000 shares of the firm’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 transaction of $1,813,800.00. Following the transaction, the chief financial officer now directly owns 435,993 shares of the company’s stock, valued at approximately $13,180,068.39. 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, major shareholder Jeff Fagnan purchased 9,485 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were bought at an average cost of $26.43 per share, with a total value of $250,688.55. Following the purchase, the insider now directly owns 9,485 shares of the company’s stock, valued at approximately $250,688.55. The disclosure for this purchase can be found here. Insiders have sold 871,477 shares of company stock valued at $27,610,861 in the last quarter. 53.24% of the stock is owned by insiders.

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.