Klaviyo, Inc. (NYSE:KVYO – Get Free Report) major shareholder Summit Partners L. P sold 82,499 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $31.76, for a total transaction of $2,620,168.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Klaviyo Stock Down 1.0 %
Shares of KVYO stock opened at $32.35 on Tuesday. Klaviyo, Inc. has a 12 month low of $21.26 and a 12 month high of $39.47. The company has a 50 day simple moving average of $26.24 and a two-hundred day simple moving average of $25.34.
Klaviyo (NYSE:KVYO – Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. The firm had revenue of $222.21 million during the quarter, compared to analysts’ expectations of $212.34 million. The business’s revenue for the quarter was up 35.0% on a year-over-year basis. During the same period last year, the company earned $0.09 earnings per share. On average, research analysts expect that Klaviyo, Inc. will post -0.11 earnings per share for the current fiscal year.
Institutional Trading of Klaviyo
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on KVYO shares. Cantor Fitzgerald upped their target price on shares of Klaviyo from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Robert W. Baird dropped their target price on shares of Klaviyo from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Thursday, May 9th. Mizuho dropped their target price on shares of Klaviyo from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Canaccord Genuity Group dropped their target price on shares of Klaviyo from $37.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Finally, Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of Klaviyo in a report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.65.
Read Our Latest Research Report on Klaviyo
About Klaviyo
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.
Featured Articles
- Five stocks we like better than Klaviyo
- Top Biotech Stocks: Exploring Innovation Opportunities
- Why the Buy-and-Hold Strategy May Be Best for Most Investors
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Eli Lilly’s Path to the Next Trillion Market Capitalization
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- Mobileye Global: CEO Makes $10 Million Bet on Future Strength
Receive News & Ratings for Klaviyo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Klaviyo and related companies with MarketBeat.com's FREE daily email newsletter.