Klaviyo, Inc. (NYSE:KVYO) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in shares of Klaviyo, Inc. (NYSE:KVYO) by 45.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 786,186 shares of the company’s stock after purchasing an additional 244,447 shares during the period. Geode Capital Management LLC owned approximately 0.29% of Klaviyo worth $27,827,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of KVYO. Advisors Asset Management Inc. grew its position in shares of Klaviyo by 145.6% during the third quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock worth $48,000 after buying an additional 808 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of Klaviyo in the 3rd quarter valued at about $53,000. Dark Forest Capital Management LP lifted its stake in Klaviyo by 13.7% in the second quarter. Dark Forest Capital Management LP now owns 23,689 shares of the company’s stock valued at $590,000 after buying an additional 2,851 shares during the last quarter. West Tower Group LLC acquired a new stake in Klaviyo during the 3rd quarter worth $177,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Klaviyo during the third quarter worth about $208,000. 45.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on KVYO shares. Cantor Fitzgerald raised their price objective on shares of Klaviyo from $33.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Loop Capital lifted their target price on shares of Klaviyo from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday. Benchmark reduced their price objective on Klaviyo from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Wells Fargo & Company restated a “buy” rating on shares of Klaviyo in a research report on Friday, October 18th. Finally, Macquarie restated a “neutral” rating and issued a $36.00 price target on shares of Klaviyo in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.88.

Klaviyo Stock Down 0.4 %

Shares of Klaviyo stock opened at $43.37 on Friday. The stock has a market capitalization of $11.69 billion, a P/E ratio of -240.93 and a beta of 0.97. The company has a 50-day simple moving average of $38.58 and a 200 day simple moving average of $32.32. Klaviyo, Inc. has a 12-month low of $21.26 and a 12-month high of $44.77.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.04. Klaviyo had a negative net margin of 5.23% and a positive return on equity of 0.86%. The firm had revenue of $235.09 million during the quarter, compared to analysts’ expectations of $226.33 million. During the same quarter in the previous year, the company posted ($1.24) EPS. Klaviyo’s revenue was up 33.7% on a year-over-year basis. On average, equities analysts anticipate that Klaviyo, Inc. will post 0.03 earnings per share for the current year.

Insider Activity at Klaviyo

In other Klaviyo news, insider Landon Edmond sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $34.56, for a total transaction of $1,382,400.00. Following the transaction, the insider now owns 236,621 shares of the company’s stock, valued at $8,177,621.76. The trade was a 14.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Amanda Whalen sold 15,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $39.39, for a total transaction of $590,850.00. Following the sale, the chief financial officer now owns 391,820 shares of the company’s stock, valued at approximately $15,433,789.80. This represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 127,650 shares of company stock worth $4,676,705 in the last quarter. Corporate 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.