Sands Capital Management LLC Has $37.24 Million Stock Holdings in Klaviyo, Inc. $KVYO

Sands Capital Management LLC grew its position in shares of Klaviyo, Inc. (NYSE:KVYO) by 14.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,109,069 shares of the company’s stock after acquiring an additional 136,320 shares during the quarter. Sands Capital Management LLC owned 0.37% of Klaviyo worth $37,243,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Main Management ETF Advisors LLC boosted its holdings in Klaviyo by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 22,723 shares of the company’s stock worth $763,000 after purchasing an additional 372 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Klaviyo by 22.7% during the 1st quarter. Advisors Asset Management Inc. now owns 2,731 shares of the company’s stock worth $83,000 after buying an additional 506 shares in the last quarter. CWM LLC boosted its stake in shares of Klaviyo by 227.5% during the 1st quarter. CWM LLC now owns 930 shares of the company’s stock worth $28,000 after buying an additional 646 shares during the last quarter. Petrus Trust Company LTA boosted its stake in shares of Klaviyo by 7.0% during the 1st quarter. Petrus Trust Company LTA now owns 13,439 shares of the company’s stock worth $407,000 after buying an additional 884 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Klaviyo in the 2nd quarter valued at about $31,000. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Klaviyo Price Performance

Shares of Klaviyo stock opened at $28.67 on Wednesday. The business has a fifty day simple moving average of $27.22 and a two-hundred day simple moving average of $30.85. Klaviyo, Inc. has a 1 year low of $23.44 and a 1 year high of $49.55. The company has a market capitalization of $8.66 billion, a price-to-earnings ratio of -119.47 and a beta of 1.18.

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

Insider Transactions at Klaviyo

In other news, CEO Andrew Bialecki sold 144,717 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $27.76, for a total transaction of $4,017,343.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Amanda Whalen sold 15,000 shares of the business’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $25.03, for a total value of $375,450.00. Following the completion of the sale, the chief financial officer owned 481,719 shares of the company’s stock, valued at $12,057,426.57. This trade represents a 3.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 5,602,899 shares of company stock worth $175,185,919. Insiders own 53.24% of the company’s stock.

Wall Street Analyst Weigh In

KVYO has been the topic of several analyst reports. The Goldman Sachs Group dropped their target price on Klaviyo from $48.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Stephens dropped their price objective on Klaviyo from $45.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. William Blair reissued an “outperform” rating on shares of Klaviyo in a report on Monday, November 17th. Zacks Research upgraded shares of Klaviyo from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Finally, Jefferies Financial Group raised shares of Klaviyo to a “strong-buy” rating in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Klaviyo currently has an average rating of “Moderate Buy” and an average target price of $42.90.

About Klaviyo

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.