Klaviyo (NYSE:KVYO) Stock: Insider Roxanne Oulman Sells 13,989 Shares

Klaviyo, Inc. (NYSE:KVYO) Director Roxanne Oulman sold 13,989 shares of the firm’s stock in a transaction on Friday, November 6th. The stock was sold at an average price of $20.36, for a total value of $284,816.04. Following the completion of the transaction, the director directly owned 23,354 shares in the company, valued at approximately $475,487.44. This represents a 37.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Klaviyo Stock Performance

NYSE:KVYO opened at $20.44 on Wednesday. The stock has a 50-day simple moving average of $18.12 and a two-hundred day simple moving average of $17.92. Klaviyo, Inc. has a 52-week low of $12.53 and a 52-week high of $33.35. The firm has a market capitalization of $5.82 billion, a PE ratio of 1,022.51 and a beta of 0.50.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. Klaviyo had a return on equity of 6.73% and a net margin of 0.54%. The business had revenue of $387.21 million during the quarter, compared to analysts’ expectations of $380.02 million. During the same quarter in the prior year, the business posted $0.18 earnings per share. The business’s quarterly revenue was up 24.5% on a year-over-year basis. Equities analysts forecast that Klaviyo, Inc. will post 0.23 earnings per share for the current fiscal year.

Institutional Trading of Klaviyo

Several institutional investors have recently made changes to their positions in the business. Optiver Holding B.V. bought a new stake in Klaviyo during the 1st quarter valued at approximately $39,000. Parallel Advisors LLC boosted its stake in Klaviyo by 30.1% in the 3rd quarter. Parallel Advisors LLC now owns 2,276 shares of the company’s stock worth $36,000 after purchasing an additional 526 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Klaviyo by 2,085.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,802 shares of the company’s stock worth $74,000 after purchasing an additional 3,628 shares during the period. State of Wyoming boosted its stake in Klaviyo by 100.8% in the 3rd quarter. State of Wyoming now owns 4,554 shares of the company’s stock worth $72,000 after purchasing an additional 2,286 shares during the period. Finally, Nykredit A S purchased a new stake in Klaviyo during the 2nd quarter valued at approximately $90,000. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on KVYO shares. Robert W. Baird set a $25.00 target price on shares of Klaviyo in a report on Thursday, August 6th. BTIG Research lowered their price target on shares of Klaviyo from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Morgan Stanley set a $31.00 price target on shares of Klaviyo in a research report on Thursday, August 6th. Wells Fargo & Company increased their price objective on shares of Klaviyo from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 28th. Finally, Stephens raised their price objective on shares of Klaviyo from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Sixteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.88.

Klaviyo Company Profile

Klaviyo, Inc. provides a customer data and marketing automation platform that helps businesses manage customer relationships and communications. Its software brings together customer information to support personalized marketing and engagement. The platform offers tools for email and text-message marketing, mobile push notifications, automation, audience segmentation, analytics and customer service. Klaviyo also connects with other business applications, including e-commerce platforms, to help companies coordinate customer data and outreach.