Amundi Reduces Stock Position in Klaviyo, Inc. (NYSE:KVYO)

Amundi decreased its holdings in Klaviyo, Inc. (NYSE:KVYO) by 13.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,847 shares of the company’s stock after selling 1,095 shares during the quarter. Amundi’s holdings in Klaviyo were worth $281,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Klaviyo by 8.0% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,836 shares of the company’s stock worth $220,000 after buying an additional 359 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Klaviyo by 10.3% during the fourth quarter. Victory Capital Management Inc. now owns 6,469 shares of the company’s stock valued at $267,000 after buying an additional 604 shares during the last quarter. Arizona State Retirement System raised its position in shares of Klaviyo by 4.0% during the fourth quarter. Arizona State Retirement System now owns 16,854 shares of the company’s stock valued at $695,000 after buying an additional 648 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Klaviyo by 145.6% during the third quarter. Advisors Asset Management Inc. now owns 1,363 shares of the company’s stock valued at $48,000 after buying an additional 808 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Klaviyo by 21.4% in the fourth quarter. SG Americas Securities LLC now owns 10,929 shares of the company’s stock worth $451,000 after purchasing an additional 1,923 shares during the last quarter. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Insider Buying and Selling

In other Klaviyo news, CFO Amanda Whalen sold 15,000 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $39.18, for a total value of $587,700.00. Following the transaction, the chief financial officer now owns 391,820 shares in the company, valued at approximately $15,351,507.60. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Landon Edmond sold 40,000 shares of the firm’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $41.80, for a total value of $1,672,000.00. Following the completion of the transaction, the insider now owns 298,607 shares in the company, valued at $12,481,772.60. The trade was a 11.81 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,126,246 shares of company stock worth $69,799,958. 53.24% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KVYO shares. William Blair restated an “outperform” rating on shares of Klaviyo in a research report on Thursday, February 20th. Scotiabank boosted their price objective on shares of Klaviyo from $35.00 to $45.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 29th. Needham & Company LLC boosted their target price on shares of Klaviyo from $46.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Loop Capital boosted their target price on shares of Klaviyo from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Finally, Benchmark upped their price objective on shares of Klaviyo from $40.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.89.

Klaviyo Stock Up 0.3 %

KVYO opened at $32.99 on Friday. Klaviyo, Inc. has a 52-week low of $21.26 and a 52-week high of $49.55. The company has a market cap of $9.01 billion, a P/E ratio of -183.30 and a beta of 0.86. The firm’s 50-day moving average price is $41.23 and its 200-day moving average price is $38.65.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings data on Wednesday, February 19th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.12). Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. The company had revenue of $270.16 million for the quarter, compared to analyst estimates of $257.24 million. On average, research analysts anticipate that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

Klaviyo 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.