84,418 Shares of Klaviyo, Inc. $KVYO Bought by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in shares of Klaviyo, Inc. (NYSE:KVYO) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 84,418 shares of the company’s stock, valued at approximately $1,328,000.

Several other hedge funds and other institutional investors also recently modified their holdings of KVYO. Seelaus Asset Management LLC raised its stake in Klaviyo by 3.3% in the third quarter. Seelaus Asset Management LLC now owns 19,944 shares of the company’s stock valued at $314,000 after purchasing an additional 642 shares in the last quarter. Optiver Holding B.V. bought a new stake in Klaviyo during the first quarter valued at approximately $39,000. State of Wyoming lifted its position in Klaviyo by 100.8% during the third quarter. State of Wyoming now owns 4,554 shares of the company’s stock valued at $72,000 after purchasing an additional 2,286 shares during the last quarter. Arizona State Retirement System grew its stake in Klaviyo by 7.1% in 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. Finally, Rockefeller Capital Management L.P. grew its stake in Klaviyo by 2,641.0% in 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. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KVYO. Robert W. Baird set a $25.00 price target on shares of Klaviyo in a report on Thursday, August 6th. Wells Fargo & Company lifted their price objective on shares of Klaviyo from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. Stifel Nicolaus set a $22.00 price objective on shares of Klaviyo in a report on Thursday, September 10th. TD Cowen cut their target price on shares of Klaviyo from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, Mizuho set a $24.00 target price on Klaviyo in a research note on Thursday. Sixteen analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.02.

Klaviyo Price Performance

Shares of KVYO opened at $20.70 on Friday. The firm has a market cap of $5.89 billion, a P/E ratio of 1,035.57 and a beta of 0.50. The stock has a 50 day simple moving average of $18.10 and a two-hundred day simple moving average of $17.97. Klaviyo, Inc. has a 1 year low of $12.53 and a 1 year high of $33.35.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.17 by $0.05. The firm had revenue of $387.21 million for the quarter, compared to the consensus estimate of $380.02 million. Klaviyo had a net margin of 0.54% and a return on equity of 6.73%. The business’s revenue was up 24.5% compared to the same quarter last year. During the same period last year, the firm posted $0.18 earnings per share. On average, equities analysts anticipate that Klaviyo, Inc. will post 0.22 earnings per share for the current year.

Insider Buying and Selling

In other Klaviyo news, insider Landon Edmond sold 8,103 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $20.44, for a total value of $165,625.32. Following the completion of the sale, the insider directly owned 477,866 shares of the company’s stock, valued at $9,767,581.04. The trade was a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ed Hallen sold 97,482 shares of the company’s stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $17.40, for a total transaction of $1,696,186.80. Following the sale, the director owned 55,290 shares of the company’s stock, valued at approximately $962,046. The trade was a 63.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,275,468 shares of company stock worth $93,822,653 in the last ninety days. 37.42% of the stock is currently owned by insiders.

Klaviyo Profile

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

The company’s platform supports communication across channels including email, SMS and mobile push notifications. Its products provide tools for audience segmentation, campaign orchestration, automation, analytics and reporting, with capabilities intended to help businesses improve customer acquisition, engagement and retention.