Klaviyo (NYSE:KVYO) Director Ed Hallen Sells 97,482 Shares of Stock

Klaviyo, Inc. (NYSE:KVYO) Director Ed Hallen sold 97,482 shares of the firm’s stock in a transaction that occurred on Wednesday, October 7th. The stock was sold at an average price of $17.40, for a total value of $1,696,186.80. Following the completion of the sale, the director owned 55,290 shares of the company’s stock, valued at $962,046. This represents a 63.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ed Hallen also recently made the following trade(s):

• On Thursday, September 24th, Ed Hallen sold 1,300 shares of Klaviyo stock. The stock was sold at an average price of $17.02, for a total value of $22,126.00.
• On Monday, August 31st, Ed Hallen sold 98,782 shares of Klaviyo stock. The shares were sold at an average price of $20.48, for a total value of $2,023,055.36.

Klaviyo Trading Down 1.4%

Shares of NYSE KVYO opened at $17.33 on Friday. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 866.78 and a beta of 0.67. Klaviyo, Inc. has a one year low of $12.53 and a one year high of $33.35. The business has a fifty day simple moving average of $17.50 and a 200 day simple moving average of $17.03.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $370.58 million for the quarter, compared to the consensus estimate of $362.08 million. Klaviyo had a net margin of 0.49% and a return on equity of 5.67%. The business’s revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.16 earnings per share. On average, research analysts anticipate that Klaviyo, Inc. will post 0.20 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Mizuho set a $28.00 target price on shares of Klaviyo in a research report on Thursday, August 6th. Piper Sandler cut their price target on shares of Klaviyo from $26.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, August 6th. Citigroup restated a “buy” rating on shares of Klaviyo in a research note on Tuesday, September 8th. The Goldman Sachs Group set a $26.00 price objective on Klaviyo and gave the company a “buy” rating in a report on Wednesday, June 24th. Finally, KeyCorp lowered their price objective on Klaviyo from $35.00 to $29.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Klaviyo currently has an average rating of “Moderate Buy” and an average price target of $27.14.

Institutional Investors Weigh In On Klaviyo

A number of large investors have recently bought and sold shares of the business. Optiver Holding B.V. acquired a new stake in shares of Klaviyo in the first quarter valued at $39,000. Arizona State Retirement System lifted its position in Klaviyo by 7.1% during the 2nd quarter. Arizona State Retirement System now owns 38,579 shares of the company’s stock worth $583,000 after buying an additional 2,568 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in Klaviyo by 2,641.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,207 shares of the company’s stock worth $104,000 after buying an additional 3,090 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Klaviyo by 2,085.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,802 shares of the company’s stock worth $74,000 after acquiring an additional 3,628 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its holdings in Klaviyo by 1.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 435,481 shares of the company’s stock worth $6,576,000 after acquiring an additional 5,661 shares during the last quarter. 45.43% of the stock is currently owned by institutional investors.

Klaviyo Company Profile

Klaviyo, Inc (NYSE: KVYO) provides a marketing automation and customer data platform designed primarily for businesses that sell directly to consumers. Its software helps companies collect, organize and analyze customer data, then use that information to create targeted and personalized marketing campaigns.

The company’s platform supports email, SMS and mobile push messaging, as well as automated workflows, audience segmentation, customer analytics, sign-up forms and related campaign-management tools.