Wellington Management Group LLP Buys New Shares in Klaviyo, Inc. (NYSE:KVYO)

Wellington Management Group LLP acquired a new stake in Klaviyo, Inc. (NYSE:KVYOFree Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 146,300 shares of the company’s stock, valued at approximately $5,047,000. Wellington Management Group LLP owned approximately 0.06% of Klaviyo as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Summit Partners L P bought a new position in shares of Klaviyo during the third quarter valued at approximately $1,708,162,000. Clearbridge Investments LLC acquired a new stake in Klaviyo during the 3rd quarter worth about $64,316,000. JPMorgan Chase & Co. acquired a new stake in Klaviyo during the 3rd quarter worth about $52,204,000. FMR LLC acquired a new stake in shares of Klaviyo during the 3rd quarter valued at about $34,203,000. Finally, Sands Capital Management LLC acquired a new stake in shares of Klaviyo during the 3rd quarter valued at about $22,045,000. 45.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KVYO has been the topic of a number of research reports. KeyCorp initiated coverage on shares of Klaviyo in a research note on Thursday, March 21st. They issued a “sector weight” rating on the stock. Loop Capital assumed coverage on shares of Klaviyo in a research note on Friday, December 8th. They issued a “buy” rating and a $40.00 price target on the stock. Piper Sandler reissued an “overweight” rating and issued a $38.00 target price on shares of Klaviyo in a research note on Wednesday, February 28th. FBN Securities assumed coverage on shares of Klaviyo in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $35.00 target price on the stock. Finally, William Blair reissued an “outperform” rating on shares of Klaviyo in a research note on Wednesday, February 28th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.14.

Check Out Our Latest Analysis on Klaviyo

Klaviyo Price Performance

NYSE KVYO opened at $25.65 on Tuesday. Klaviyo, Inc. has a 1 year low of $22.82 and a 1 year high of $39.47. The company has a fifty day moving average of $26.85.

Klaviyo (NYSE:KVYOGet Free Report) last announced its earnings results on Tuesday, February 27th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.02. The business had revenue of $201.62 million for the quarter, compared to analyst estimates of $196.02 million. On average, sell-side analysts anticipate that Klaviyo, Inc. will post -0.27 EPS for the current fiscal year.

About Klaviyo

(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.

Further Reading

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Institutional Ownership by Quarter for Klaviyo (NYSE:KVYO)

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