Klaviyo, Inc. (NYSE:KVYO) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP raised its holdings in Klaviyo, Inc. (NYSE:KVYO) by 60.9% during the second quarter, HoldingsChannel reports. The firm owned 553,593 shares of the company’s stock after buying an additional 209,544 shares during the period. Marshall Wace LLP’s holdings in Klaviyo were worth $13,779,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank acquired a new position in shares of Klaviyo in the fourth quarter valued at approximately $21,258,000. Sands Capital Management LLC increased its stake in Klaviyo by 3.8% in the 4th quarter. Sands Capital Management LLC now owns 663,303 shares of the company’s stock valued at $18,427,000 after buying an additional 24,329 shares during the period. Goldman Sachs Group Inc. raised its position in Klaviyo by 243.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,472,140 shares of the company’s stock worth $40,896,000 after buying an additional 1,042,902 shares during the last quarter. Moody National Bank Trust Division lifted its stake in shares of Klaviyo by 87.9% in the 1st quarter. Moody National Bank Trust Division now owns 15,639 shares of the company’s stock worth $398,000 after acquiring an additional 7,316 shares during the period. Finally, Salem Investment Counselors Inc. boosted its holdings 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 valued at $60,000 after acquiring an additional 1,450 shares in the last quarter. 45.43% of the stock is owned by hedge funds and other institutional investors.

Klaviyo Price Performance

Shares of KVYO opened at $35.20 on Friday. Klaviyo, Inc. has a 1-year low of $21.26 and a 1-year high of $37.36. The firm has a 50 day simple moving average of $30.17 and a 200-day simple moving average of $26.06.

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of Klaviyo in a report on Wednesday, September 4th. KeyCorp raised Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 price target for the company in a report on Thursday, August 8th. Cantor Fitzgerald upped their price objective on Klaviyo from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Barclays raised their target price on Klaviyo from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Finally, Piper Sandler upped their price target on shares of Klaviyo from $30.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.65.

Insiders Place Their Bets

In other news, President Stephen Eric Rowland sold 18,114 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $31.24, for a total transaction of $565,881.36. Following the sale, the president now owns 192,488 shares in the company, valued at $6,013,325.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, President Stephen Eric Rowland sold 18,114 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $31.24, for a total transaction of $565,881.36. Following the transaction, the president now directly owns 192,488 shares in the company, valued at approximately $6,013,325.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Jeff Fagnan bought 9,485 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was bought at an average cost of $26.43 per share, for a total transaction of $250,688.55. Following the completion of the transaction, 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. In the last three months, insiders sold 843,363 shares of company stock valued at $26,583,602. 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.