21,926 Shares in Klaviyo, Inc. (NYSE:KVYO) Acquired by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH purchased a new position in shares of Klaviyo, Inc. (NYSE:KVYOFree Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,926 shares of the company’s stock, valued at approximately $663,000.

A number of other institutional investors and hedge funds have also modified their holdings of KVYO. SG Americas Securities LLC increased its stake in Klaviyo by 27.3% in the first quarter. SG Americas Securities LLC now owns 13,918 shares of the company’s stock valued at $421,000 after purchasing an additional 2,989 shares in the last quarter. California State Teachers Retirement System increased its stake in Klaviyo by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 49,997 shares of the company’s stock valued at $2,062,000 after purchasing an additional 864 shares in the last quarter. Alpha Wealth Funds LLC bought a new stake in Klaviyo in the fourth quarter valued at approximately $209,000. Total Wealth Planning & Management Inc. bought a new stake in Klaviyo in the fourth quarter valued at approximately $397,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Klaviyo by 76.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,178 shares of the company’s stock valued at $4,338,000 after purchasing an additional 45,523 shares in the last quarter. 45.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Klaviyo news, major shareholder Summit Partners L. P sold 4,000,000 shares of the company’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $33.00, for a total transaction of $132,000,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Jeff Fagnan acquired 3,900 shares of the company’s stock in a transaction dated Wednesday, April 9th. The stock was bought at an average cost of $25.77 per share, for a total transaction of $100,503.00. Following the completion of the transaction, the insider now directly owns 3,900 shares of the company’s stock, valued at approximately $100,503. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 8,087,320 shares of company stock valued at $268,247,195. 49.92% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on KVYO. Cantor Fitzgerald raised shares of Klaviyo to an “overweight” rating and set a $48.00 target price for the company in a research note on Tuesday, June 3rd. Truist Financial reduced their price target on shares of Klaviyo from $55.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Piper Sandler upped their price target on shares of Klaviyo from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, May 7th. William Blair reiterated an “outperform” rating on shares of Klaviyo in a report on Thursday, February 20th. Finally, The Goldman Sachs Group reduced their price target on shares of Klaviyo from $51.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $43.21.

Get Our Latest Analysis on Klaviyo

Klaviyo Trading Down 0.6%

Shares of KVYO opened at $33.40 on Friday. Klaviyo, Inc. has a 12 month low of $21.26 and a 12 month high of $49.55. The firm has a fifty day simple moving average of $31.55 and a 200 day simple moving average of $36.87. The stock has a market capitalization of $9.92 billion, a price-to-earnings ratio of -185.56 and a beta of 1.44.

Klaviyo (NYSE:KVYOGet Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. The firm had revenue of $279.83 million for the quarter, compared to analyst estimates of $267.79 million. During the same period in the prior year, the firm posted $0.13 earnings per share. The company’s quarterly revenue was up 33.3% compared to the same quarter last year. As a group, research analysts predict that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

Klaviyo Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Klaviyo (NYSE:KVYO)

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