15,066 Shares in Klaviyo, Inc. (NYSE:KVYO) Acquired by Capital Investment Advisors LLC

Capital Investment Advisors LLC purchased a new position in shares of Klaviyo, Inc. (NYSE:KVYO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,066 shares of the company’s stock, valued at approximately $621,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of KVYO. Arizona State Retirement System increased its position in Klaviyo by 67.1% during the second quarter. Arizona State Retirement System now owns 16,221 shares of the company’s stock worth $404,000 after purchasing an additional 6,512 shares during the last quarter. Renaissance Technologies LLC increased its position in Klaviyo by 40.8% during the second quarter. Renaissance Technologies LLC now owns 238,900 shares of the company’s stock worth $5,946,000 after purchasing an additional 69,200 shares during the last quarter. Blair William & Co. IL increased its position in Klaviyo by 14.3% during the second quarter. Blair William & Co. IL now owns 200,680 shares of the company’s stock worth $4,995,000 after purchasing an additional 25,149 shares during the last quarter. XTX Topco Ltd increased its position in Klaviyo by 114.7% during the second quarter. XTX Topco Ltd now owns 24,363 shares of the company’s stock worth $606,000 after purchasing an additional 13,016 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Klaviyo in the second quarter worth $747,000. Institutional investors and hedge funds own 45.43% of the company’s stock.

Wall Street Analysts Forecast Growth

KVYO has been the subject of several recent research reports. Wells Fargo & Company increased their price objective on shares of Klaviyo from $37.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 7th. Needham & Company LLC increased their price objective on shares of Klaviyo from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Benchmark dropped their price objective on shares of Klaviyo from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Macquarie reissued a “neutral” rating and issued a $36.00 price objective on shares of Klaviyo in a research report on Friday, November 8th. Finally, Robert W. Baird increased their price objective on shares of Klaviyo from $42.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.29.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, President Stephen Eric Rowland sold 4,536 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.56, for a total transaction of $156,764.16. Following the transaction, the president now directly owns 186,785 shares in the company, valued at $6,455,289.60. This represents a 2.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Landon Edmond sold 40,000 shares of the stock in a transaction on 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 transaction, the insider now owns 298,607 shares in the company, valued at $12,481,772.60. This trade represents a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 154,536 shares of company stock worth $5,909,146 in the last ninety days. 53.24% of the stock is owned by insiders.

Klaviyo Trading Up 1.3 %

Shares of KVYO stock opened at $40.07 on Thursday. The company has a market capitalization of $10.80 billion, a PE ratio of -222.60 and a beta of 0.57. The firm has a fifty day simple moving average of $39.24 and a 200-day simple moving average of $34.11. Klaviyo, Inc. has a twelve month low of $21.26 and a twelve month high of $44.77.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $226.33 million. During the same period in the prior year, the firm posted ($1.24) EPS. The firm’s revenue was up 33.7% compared to the same quarter last year. Equities research analysts predict that Klaviyo, Inc. will post 0.03 EPS for the current year.

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.