Klaviyo (NYSE:KVYO) Price Target Lowered to $35.00 at Barclays

Klaviyo (NYSE:KVYO) had its price target decreased by Barclays from $51.00 to $35.00 in a research report released on Monday,Benzinga reports. Barclays currently has an overweight rating on the stock.

KVYO has been the subject of a number of other research reports. Morgan Stanley lowered their target price on Klaviyo from $50.00 to $34.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Stifel Nicolaus lifted their target price on Klaviyo from $45.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. William Blair reissued an “outperform” rating on shares of Klaviyo in a research report on Thursday, February 20th. Cantor Fitzgerald raised their target price on shares of Klaviyo from $47.00 to $54.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Finally, Robert W. Baird boosted their price target on Klaviyo from $52.00 to $54.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Klaviyo currently has a consensus rating of “Moderate Buy” and an average price target of $47.05.

Klaviyo Trading Down 3.7 %

KVYO opened at $24.69 on Monday. The company has a market capitalization of $6.74 billion, a price-to-earnings ratio of -137.17 and a beta of 1.39. Klaviyo has a 12-month low of $21.26 and a 12-month high of $49.55. The business’s fifty day simple moving average is $33.98 and its 200-day simple moving average is $38.00.

Klaviyo (NYSE:KVYO) last issued its earnings results 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 positive return on equity of 0.89% and a negative net margin of 4.92%. The business had revenue of $270.16 million for the quarter, compared to the consensus estimate of $257.24 million. On average, equities research analysts predict that Klaviyo will post 0.04 EPS for the current year.

Insider Transactions at Klaviyo

In related news, CFO Amanda Whalen sold 15,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $45.85, for a total transaction of $687,750.00. Following the sale, the chief financial officer now owns 376,820 shares in the company, valued at approximately $17,277,197. This trade represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Stephen Eric Rowland sold 7,060 shares of the company’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $26.66, for a total transaction of $188,219.60. Following the completion of the transaction, the president now owns 447,310 shares of the company’s stock, valued at approximately $11,925,284.60. This trade represents a 1.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,088,770 shares of company stock worth $67,947,356 over the last quarter. 53.24% of the stock is currently owned by insiders.

Institutional Trading of Klaviyo

Several institutional investors have recently bought and sold shares of KVYO. Vanguard Group Inc. grew its stake in Klaviyo by 9.1% in the 4th quarter. Vanguard Group Inc. now owns 7,721,855 shares of the company’s stock valued at $318,449,000 after acquiring an additional 646,628 shares during the period. Whale Rock Capital Management LLC increased its stake in shares of Klaviyo by 7.4% during the fourth quarter. Whale Rock Capital Management LLC now owns 3,868,451 shares of the company’s stock worth $159,535,000 after purchasing an additional 267,845 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Klaviyo by 5.0% in the 4th quarter. Bank of New York Mellon Corp now owns 2,926,187 shares of the company’s stock valued at $120,676,000 after buying an additional 140,127 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in Klaviyo by 0.9% in the 4th quarter. Clearbridge Investments LLC now owns 2,168,336 shares of the company’s stock worth $89,422,000 after buying an additional 19,567 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in Klaviyo by 48.6% during the 4th quarter. Franklin Resources Inc. now owns 1,943,523 shares of the company’s stock worth $80,151,000 after buying an additional 635,962 shares in the last quarter. 45.43% of the stock is owned by institutional investors and hedge funds.

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.