Swiss National Bank Has $4.71 Million Stock Position in Klaviyo, Inc. (NYSE:KVYO)

Swiss National Bank boosted its position in shares of Klaviyo, Inc. (NYSE:KVYO) by 3.9% in the 4th quarter, HoldingsChannel reports. The firm owned 114,200 shares of the company’s stock after buying an additional 4,300 shares during the period. Swiss National Bank’s holdings in Klaviyo were worth $4,710,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd bought a new position in shares of Klaviyo in the fourth quarter valued at approximately $374,000. Handelsbanken Fonder AB bought a new position in Klaviyo in the 4th quarter valued at $689,000. Integrated Wealth Concepts LLC acquired a new position in Klaviyo in the third quarter worth $5,113,000. Renaissance Capital LLC grew its holdings in shares of Klaviyo by 56.4% during the fourth quarter. Renaissance Capital LLC now owns 122,646 shares of the company’s stock worth $5,058,000 after purchasing an additional 44,245 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Klaviyo by 1,202.0% in the third quarter. Barclays PLC now owns 12,825 shares of the company’s stock valued at $453,000 after buying an additional 11,840 shares in the last quarter. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on KVYO shares. Stephens began coverage on shares of Klaviyo in a report on Wednesday, March 19th. They set an “overweight” rating and a $43.00 price objective on the stock. Barclays raised their price target on shares of Klaviyo from $47.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Stifel Nicolaus upped their price objective on Klaviyo from $45.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Scotiabank increased their price objective on Klaviyo from $35.00 to $45.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 29th. Finally, Robert W. Baird upped their price target on Klaviyo from $52.00 to $54.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $49.89.

Klaviyo Price Performance

Shares of NYSE:KVYO opened at $33.85 on Tuesday. The firm’s 50 day simple moving average is $41.13 and its 200 day simple moving average is $38.80. Klaviyo, Inc. has a fifty-two week low of $21.26 and a fifty-two week high of $49.55. The company has a market capitalization of $9.24 billion, a price-to-earnings ratio of -188.03 and a beta of 0.86.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings results on Wednesday, February 19th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.12). Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. The firm had revenue of $270.16 million during the quarter, compared to analyst estimates of $257.24 million. Equities research analysts expect that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

Insider Buying and Selling at Klaviyo

In related news, CFO Amanda Whalen sold 15,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $45.85, for a total transaction of $687,750.00. Following the sale, the chief financial officer now directly owns 376,820 shares in the company, valued at $17,277,197. This trade represents a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Summit Partners L. P sold 2,000,000 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $32.44, for a total transaction of $64,880,000.00. The disclosure for this sale can be found here. Over 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 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.