Klaviyo (NYSE:KVYO) Receives “Outperform” Rating from William Blair

William Blair reissued their outperform rating on shares of Klaviyo (NYSE:KVYO) in a research note issued to investors on Monday,RTT News reports.

Other equities research analysts also recently issued reports about the stock. Stephens decreased their price objective on shares of Klaviyo from $45.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, September 26th. Cantor Fitzgerald decreased their price target on shares of Klaviyo from $48.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Piper Sandler reiterated an “overweight” rating and issued a $45.00 price target (down from $50.00) on shares of Klaviyo in a report on Thursday, November 6th. The Goldman Sachs Group reduced their price objective on Klaviyo from $48.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Finally, Zacks Research raised Klaviyo from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $42.67.

Klaviyo Price Performance

Shares of NYSE:KVYO opened at $27.07 on Monday. The firm has a market capitalization of $8.17 billion, a PE ratio of -112.79 and a beta of 1.26. The business has a 50-day moving average of $28.35 and a two-hundred day moving average of $31.32. Klaviyo has a 12 month low of $23.44 and a 12 month high of $49.55.

Klaviyo (NYSE:KVYO) last released its quarterly earnings data on Thursday, September 25th. The company reported $0.16 earnings per share for the quarter. Klaviyo had a negative return on equity of 1.00% and a negative net margin of 5.70%.The business had revenue of $293.12 million for the quarter. As a group, research analysts anticipate that Klaviyo will post 0.04 earnings per share for the current year.

Insider Buying and Selling at Klaviyo

In related news, Director Ed Hallen sold 89,748 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $31.71, for a total value of $2,845,909.08. Following the transaction, the director owned 177,776 shares in the company, valued at approximately $5,637,276.96. The trade was a 33.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew Bialecki sold 226,702 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $31.50, for a total value of $7,141,113.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 5,760,859 shares of company stock valued at $181,230,656 in the last ninety days. Insiders own 53.24% of the company’s stock.

Hedge Funds Weigh In On Klaviyo

A number of institutional investors have recently made changes to their positions in KVYO. Arizona State Retirement System boosted its stake in shares of Klaviyo by 22.7% during the 1st quarter. Arizona State Retirement System now owns 20,684 shares of the company’s stock valued at $626,000 after buying an additional 3,830 shares during the last quarter. CWM LLC raised its holdings in Klaviyo by 227.5% in the first quarter. CWM LLC now owns 930 shares of the company’s stock valued at $28,000 after acquiring an additional 646 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Klaviyo by 20.7% during the 1st quarter. Victory Capital Management Inc. now owns 7,807 shares of the company’s stock valued at $236,000 after acquiring an additional 1,338 shares during the last quarter. Crestwood Advisors Group LLC bought a new position in Klaviyo during the 1st quarter valued at $3,902,000. Finally, Y Intercept Hong Kong Ltd grew its holdings in Klaviyo by 287.6% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 35,132 shares of the company’s stock worth $1,063,000 after acquiring an additional 26,068 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.