Amundi Sells 1,095 Shares of Klaviyo, Inc. (NYSE:KVYO)

Amundi reduced its position in shares of Klaviyo, Inc. (NYSE:KVYO) by 13.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,847 shares of the company’s stock after selling 1,095 shares during the period. Amundi’s holdings in Klaviyo were worth $281,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in KVYO. Victory Capital Management Inc. bought a new position in shares of Klaviyo during the third quarter valued at about $208,000. Advisors Asset Management Inc. lifted 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 valued at $48,000 after purchasing an additional 808 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Klaviyo by 27.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 424,357 shares of the company’s stock valued at $15,014,000 after purchasing an additional 91,824 shares in the last quarter. West Tower Group LLC bought a new position in shares of Klaviyo during the third quarter valued at about $177,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Klaviyo in the third quarter worth about $481,000. 45.43% of the stock is owned by institutional investors.

Klaviyo Stock Up 0.3 %

Shares of KVYO opened at $32.99 on Friday. The stock has a market capitalization of $9.01 billion, a P/E ratio of -183.30 and a beta of 0.86. The firm has a fifty day simple moving average of $41.23 and a two-hundred day simple moving average of $38.65. Klaviyo, Inc. has a twelve month low of $21.26 and a twelve month high of $49.55.

Klaviyo (NYSE:KVYO) last posted its earnings results on Wednesday, February 19th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.12). Klaviyo had a positive return on equity of 0.89% and a negative net margin of 4.92%. The company had revenue of $270.16 million during the quarter, compared to analysts’ expectations of $257.24 million. Sell-side analysts expect that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on KVYO. Scotiabank lifted their price objective on shares of Klaviyo from $35.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 29th. Morgan Stanley lifted their target price on shares of Klaviyo from $47.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 20th. Benchmark lifted their target price on shares of Klaviyo from $40.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Mizuho upped their target price on shares of Klaviyo from $42.00 to $52.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Finally, William Blair reaffirmed an “outperform” rating on shares of Klaviyo in a report on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Klaviyo has an average rating of “Moderate Buy” and a consensus price target of $49.89.

Insider Transactions at Klaviyo

In other Klaviyo news, insider Landon Edmond sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $41.80, for a total transaction of $1,672,000.00. Following the completion of the sale, the insider now directly owns 298,607 shares in the company, valued at approximately $12,481,772.60. This trade represents a 11.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Amanda Whalen sold 15,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $33.54, for a total transaction of $503,100.00. Following the sale, the chief financial officer now owns 349,623 shares of the company’s stock, valued at approximately $11,726,355.42. This represents a 4.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,126,246 shares of company stock valued at $69,799,958. Company insiders own 53.24% 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.