WINTON GROUP Ltd Purchases New Holdings in Klaviyo, Inc. (NYSE:KVYO)

WINTON GROUP Ltd acquired a new position in shares of Klaviyo, Inc. (NYSE:KVYO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,839 shares of the company’s stock, valued at approximately $241,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Klaviyo by 9.1% during the fourth quarter. Vanguard Group Inc. now owns 7,721,855 shares of the company’s stock valued at $318,449,000 after purchasing an additional 646,628 shares during the last quarter. Whale Rock Capital Management LLC raised its stake in Klaviyo by 608.9% during the third quarter. Whale Rock Capital Management LLC now owns 3,600,606 shares of the company’s stock valued at $127,389,000 after buying an additional 3,092,725 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Klaviyo by 5.0% during the fourth 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 during the last quarter. American Century Companies Inc. boosted its holdings in Klaviyo by 41.9% in the fourth quarter. American Century Companies Inc. now owns 1,209,612 shares of the company’s stock worth $49,884,000 after acquiring an additional 357,194 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Klaviyo by 45.1% in the third quarter. Geode Capital Management LLC now owns 786,186 shares of the company’s stock worth $27,827,000 after acquiring an additional 244,447 shares during the last quarter. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KVYO. Cantor Fitzgerald upped their price target on shares of Klaviyo from $47.00 to $54.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Canaccord Genuity Group upped their target price on shares of Klaviyo from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Benchmark raised their price target on shares of Klaviyo from $40.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Loop Capital boosted their price objective on shares of Klaviyo from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, Piper Sandler increased their target price on Klaviyo from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $49.89.

Insider Activity at Klaviyo

In other Klaviyo news, CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $45.85, for a total value of $687,750.00. Following the completion of the transaction, the chief financial officer now directly owns 376,820 shares of the company’s stock, valued at $17,277,197. This trade represents a 3.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Landon Edmond sold 40,000 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $41.80, for a total transaction of $1,672,000.00. Following the sale, the insider now owns 298,607 shares in the company, valued at $12,481,772.60. This represents a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,126,246 shares of company stock valued at $69,799,958. Insiders own 53.24% of the company’s stock.

Klaviyo Trading Down 5.9 %

NYSE KVYO opened at $30.95 on Monday. Klaviyo, Inc. has a 12 month low of $21.26 and a 12 month high of $49.55. The stock has a market cap of $8.45 billion, a PE ratio of -171.93 and a beta of 0.86. The stock’s 50 day moving average is $40.57 and its 200 day moving average is $38.88.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings results on Wednesday, February 19th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.12). The company had revenue of $270.16 million during the quarter, compared to analysts’ expectations of $257.24 million. Klaviyo had a positive return on equity of 0.89% and a negative net margin of 4.92%. On average, analysts forecast that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

Klaviyo 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.