Klaviyo, Inc. $KVYO Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its holdings in Klaviyo, Inc. (NYSE:KVYO) by 21.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,386,559 shares of the company’s stock after purchasing an additional 244,339 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.47% of Klaviyo worth $46,561,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Klaviyo by 9.7% during the first quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company’s stock worth $256,240,000 after purchasing an additional 746,078 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Klaviyo by 0.6% during the first quarter. Alliancebernstein L.P. now owns 4,019,280 shares of the company’s stock worth $121,623,000 after acquiring an additional 23,064 shares during the period. American Century Companies Inc. raised its position in Klaviyo by 123.4% in the second quarter. American Century Companies Inc. now owns 2,685,480 shares of the company’s stock worth $90,178,000 after acquiring an additional 1,483,427 shares in the last quarter. 1832 Asset Management L.P. lifted its holdings in Klaviyo by 38.7% in the 1st quarter. 1832 Asset Management L.P. now owns 2,248,800 shares of the company’s stock valued at $68,049,000 after acquiring an additional 627,500 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Klaviyo by 105.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,692,854 shares of the company’s stock worth $56,846,000 after purchasing an additional 867,666 shares during the last quarter. 45.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Klaviyo news, President Stephen Eric Rowland sold 7,105 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $24.35, for a total transaction of $173,006.75. Following the completion of the sale, the president owned 431,516 shares of the company’s stock, valued at $10,507,414.60. This represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Bialecki sold 952 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $30.00, for a total transaction of $28,560.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 5,745,896 shares of company stock valued at $179,279,807 in the last quarter. Company insiders own 49.92% of the company’s stock.

Klaviyo Price Performance

KVYO opened at $29.50 on Friday. The company has a market capitalization of $8.91 billion, a PE ratio of -122.91 and a beta of 1.18. Klaviyo, Inc. has a fifty-two week low of $23.44 and a fifty-two week high of $49.55. The business has a 50-day moving average of $27.00 and a 200-day moving average of $30.80.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on KVYO shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price target on shares of Klaviyo in a report on Friday, September 26th. Cantor Fitzgerald decreased their price objective on shares of Klaviyo from $48.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. The Goldman Sachs Group decreased their target price on Klaviyo from $48.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Truist Financial set a $45.00 price target on Klaviyo in a research report on Tuesday, November 25th. Finally, Robert W. Baird raised their price objective on Klaviyo from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Klaviyo currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.90.

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.