American Century Companies Inc. Purchases New Position in Klaviyo, Inc. (NYSE:KVYO)

American Century Companies Inc. purchased a new stake in Klaviyo, Inc. (NYSE:KVYOFree Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 200,000 shares of the company’s stock, valued at approximately $6,900,000. American Century Companies Inc. owned 0.08% of Klaviyo as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. New York State Common Retirement Fund bought a new position in Klaviyo in the third quarter worth approximately $65,000. Skylands Capital LLC acquired a new position in shares of Klaviyo during the third quarter worth $172,000. Deutsche Bank AG acquired a new position in shares of Klaviyo during the third quarter worth $172,000. Legal & General Group Plc acquired a new position in shares of Klaviyo during the third quarter worth $172,000. Finally, Alberta Investment Management Corp acquired a new position in shares of Klaviyo during the third quarter worth $391,000. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Barclays cut their target price on Klaviyo from $37.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Friday, January 12th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of Klaviyo in a research report on Wednesday, February 28th. The Goldman Sachs Group raised Klaviyo from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Monday, February 5th. William Blair reissued an “outperform” rating on shares of Klaviyo in a research report on Wednesday, February 28th. Finally, KeyCorp began coverage on shares of Klaviyo in a report on Thursday, March 21st. They issued a “sector weight” rating on the stock. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.14.

Get Our Latest Research Report on Klaviyo

Klaviyo Stock Performance

Shares of Klaviyo stock opened at $25.65 on Tuesday. Klaviyo, Inc. has a twelve month low of $22.82 and a twelve month high of $39.47. The company has a 50-day moving average of $26.85.

Klaviyo (NYSE:KVYOGet Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. The company had revenue of $201.62 million during the quarter, compared to analysts’ expectations of $196.02 million. Sell-side analysts forecast that Klaviyo, Inc. will post -0.27 EPS for the current year.

Klaviyo Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Klaviyo (NYSE:KVYO)

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