Klaviyo, Inc. (NYSE:KVYO) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP decreased its position in shares of Klaviyo, Inc. (NYSE:KVYO) by 56.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,815 shares of the company’s stock after selling 12,495 shares during the period. GSA Capital Partners LLP’s holdings in Klaviyo were worth $347,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KVYO. Bank of New York Mellon Corp increased its holdings in shares of Klaviyo by 677.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,762,128 shares of the company’s stock valued at $68,749,000 after acquiring an additional 2,406,973 shares during the last quarter. Glynn Capital Management LLC increased its holdings in shares of Klaviyo by 19.7% in the 2nd quarter. Glynn Capital Management LLC now owns 1,363,768 shares of the company’s stock valued at $33,944,000 after acquiring an additional 224,461 shares during the last quarter. Claro Advisors LLC increased its holdings in shares of Klaviyo by 38.7% in the 2nd quarter. Claro Advisors LLC now owns 1,280,035 shares of the company’s stock valued at $31,860,000 after acquiring an additional 357,355 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Klaviyo by 53.6% in the 2nd quarter. Millennium Management LLC now owns 1,120,485 shares of the company’s stock valued at $27,889,000 after acquiring an additional 390,849 shares during the last quarter. Finally, Mayflower Financial Advisors LLC increased its holdings in shares of Klaviyo by 181.4% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 684,948 shares of the company’s stock valued at $24,233,000 after acquiring an additional 441,500 shares during the last quarter. Institutional investors and hedge funds own 45.43% of the company’s stock.

Klaviyo Price Performance

KVYO stock opened at $36.87 on Friday. The company has a 50 day moving average price of $36.26 and a 200 day moving average price of $29.56. Klaviyo, Inc. has a fifty-two week low of $21.26 and a fifty-two week high of $41.00. The stock has a market capitalization of $9.94 billion, a PE ratio of -204.82 and a beta of 1.13.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $235.09 million during the quarter, compared to analyst estimates of $226.33 million. During the same quarter in the previous year, the business earned ($1.24) EPS. The firm’s revenue was up 33.7% on a year-over-year basis. As a group, equities analysts expect that Klaviyo, Inc. will post 0.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Piper Sandler increased their price objective on Klaviyo from $34.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Needham & Company LLC raised their price target on Klaviyo from $40.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Canaccord Genuity Group raised their price target on Klaviyo from $32.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Stifel Nicolaus assumed coverage on Klaviyo in a research note on Tuesday, October 22nd. They set a “buy” rating and a $45.00 price target on the stock. Finally, Benchmark dropped their price target on Klaviyo from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Klaviyo presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Insiders Place Their Bets

In other Klaviyo news, CFO Amanda Whalen sold 10,000 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $29.72, for a total value of $297,200.00. Following the transaction, the chief financial officer now directly owns 422,813 shares of the company’s stock, valued at $12,566,002.36. This represents a 2.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Allen Chaves sold 130,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $31.85, for a total transaction of $4,140,500.00. The disclosure for this sale can be found here. Insiders have sold 376,033 shares of company stock valued at $12,190,812 in the last three months. 53.24% of the stock is currently owned by corporate insiders.

Klaviyo Company 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.