4,933 Shares in Klaviyo, Inc. (NYSE:KVYO) Bought by Keybank National Association OH

Keybank National Association OH bought a new position in shares of Klaviyo, Inc. (NYSE:KVYO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,933 shares of the company’s stock, valued at approximately $203,000.

Other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Klaviyo by 9.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 464,459 shares of the company’s stock worth $19,154,000 after acquiring an additional 40,102 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Klaviyo during the 4th quarter worth about $196,000. US Bancorp DE acquired a new stake in Klaviyo during the 4th quarter worth about $199,000. Bank of New York Mellon Corp grew its holdings in Klaviyo by 5.0% during the 4th quarter. Bank of New York Mellon Corp now owns 2,926,187 shares of the company’s stock worth $120,676,000 after acquiring an additional 140,127 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Klaviyo during the 4th quarter worth about $374,000. 45.43% of the stock is owned by institutional investors.

Klaviyo Stock Performance

KVYO stock opened at $33.28 on Wednesday. Klaviyo, Inc. has a 52-week low of $21.26 and a 52-week high of $49.55. The business has a 50-day simple moving average of $42.56 and a two-hundred day simple moving average of $38.68. The company has a market capitalization of $9.09 billion, a P/E ratio of -184.88 and a beta of 0.86.

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 firm had revenue of $270.16 million for the quarter, compared to the consensus estimate of $257.24 million. As a group, sell-side analysts forecast that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on KVYO shares. Scotiabank increased their price target on Klaviyo from $35.00 to $45.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. Cantor Fitzgerald raised their target price on Klaviyo from $47.00 to $54.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. The Goldman Sachs Group raised their target price on Klaviyo from $45.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Stifel Nicolaus raised their target price on Klaviyo from $45.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Finally, Robert W. Baird raised their target price on Klaviyo from $52.00 to $54.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Klaviyo has an average rating of “Moderate Buy” and a consensus price target of $49.44.

Insiders Place Their Bets

In related news, CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $45.85, for a total value of $687,750.00. Following the sale, the chief financial officer now owns 376,820 shares of the company’s stock, valued at approximately $17,277,197. The trade was a 3.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Landon Edmond sold 40,000 shares of Klaviyo stock in a transaction that occurred on Tuesday, January 7th. The stock was 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 $12,481,772.60. This trade represents a 11.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 126,246 shares of company stock valued at $5,007,708 in the last 90 days. 53.24% of the stock is currently owned by corporate insiders.

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.