84,418 Shares in Klaviyo, Inc. $KVYO Acquired by Vise Technologies Inc.

Vise Technologies Inc. purchased a new position in Klaviyo, Inc. (NYSE:KVYO) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 84,418 shares of the company’s stock, valued at approximately $1,328,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KVYO. State of Wyoming grew its holdings in shares of Klaviyo by 100.8% in the third quarter. State of Wyoming now owns 4,554 shares of the company’s stock worth $72,000 after purchasing an additional 2,286 shares during the last quarter. Capstone Capital Management Ltd purchased a new position in shares of Klaviyo in the third quarter worth $463,000. Morangie Management LLC increased its stake in shares of Klaviyo by 35.3% in the third quarter. Morangie Management LLC now owns 545,319 shares of the company’s stock worth $8,578,000 after buying an additional 142,153 shares during the period. State of Alaska Department of Revenue bought a new stake in Klaviyo during the 3rd quarter valued at $101,000. Finally, Elmwood Wealth Management Inc. bought a new stake in Klaviyo during the 3rd quarter valued at $239,000. Institutional investors own 45.43% of the company’s stock.

Insider Buying and Selling at Klaviyo

In other news, CFO Amanda Whalen sold 14,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $18.47, for a total value of $258,580.00. Following the completion of the sale, the chief financial officer directly owned 824,192 shares of the company’s stock, valued at approximately $15,222,826.24. This trade represents a 1.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Ed Hallen sold 98,782 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $20.48, for a total transaction of $2,023,055.36. Following the completion of the sale, the director directly owned 94,457 shares of the company’s stock, valued at approximately $1,934,479.36. This represents a 51.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 5,275,468 shares of company stock worth $93,822,653. 37.42% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

KVYO has been the subject of several analyst reports. Wall Street Zen raised shares of Klaviyo from a “hold” rating to a “buy” rating in a research report on Saturday. TD Cowen decreased their price objective on shares of Klaviyo from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Benchmark downgraded shares of Klaviyo from a “buy” rating to a “hold” rating in a research note on Thursday, August 6th. Robert W. Baird set a $25.00 target price on shares of Klaviyo in a report on Thursday, August 6th. Finally, Citigroup increased their target price on shares of Klaviyo from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, October 28th. Sixteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.02.

Klaviyo Stock Performance

KVYO opened at $20.70 on Friday. Klaviyo, Inc. has a 52-week low of $12.53 and a 52-week high of $33.35. The stock has a market capitalization of $5.89 billion, a PE ratio of 1,035.57 and a beta of 0.50. The stock’s 50 day moving average price is $18.10 and its 200-day moving average price is $17.97.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. Klaviyo had a return on equity of 6.73% and a net margin of 0.54%. The company had revenue of $387.21 million during the quarter, compared to analyst estimates of $380.02 million. During the same quarter last year, the firm posted $0.18 earnings per share. The firm’s revenue was up 24.5% on a year-over-year basis. Research analysts forecast that Klaviyo, Inc. will post 0.22 EPS for the current fiscal year.

About Klaviyo

Klaviyo, Inc (NYSE: KVYO) provides a customer data and marketing automation platform designed primarily for businesses that sell online. Its software helps organizations collect, organize and analyze customer information, then use those insights to create personalized marketing and customer engagement campaigns.

The company’s platform supports communication across channels including email, SMS and mobile push notifications. Its products provide tools for audience segmentation, campaign orchestration, automation, analytics and reporting, with capabilities intended to help businesses improve customer acquisition, engagement and retention.