Klaviyo, Inc. (NYSE:KVYO) Shares Purchased by Legato Capital Management LLC

Legato Capital Management LLC increased its position in shares of Klaviyo, Inc. (NYSE:KVYO) by 21.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,032 shares of the company’s stock after purchasing an additional 7,142 shares during the period. Legato Capital Management LLC’s holdings in Klaviyo were worth $1,651,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. WCM Investment Management LLC acquired a new stake in Klaviyo during the fourth quarter worth about $12,781,000. Wilmington Savings Fund Society FSB increased its position in shares of Klaviyo by 17,445.7% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 16,142 shares of the company’s stock valued at $666,000 after acquiring an additional 16,050 shares during the last quarter. Renaissance Capital LLC increased its position in shares of Klaviyo by 56.4% during the fourth quarter. Renaissance Capital LLC now owns 122,646 shares of the company’s stock valued at $5,058,000 after acquiring an additional 44,245 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Klaviyo by 21.4% during the fourth quarter. SG Americas Securities LLC now owns 10,929 shares of the company’s stock valued at $451,000 after acquiring an additional 1,923 shares during the last quarter. Finally, Oak Ridge Investments LLC acquired a new stake in shares of Klaviyo during the fourth quarter valued at about $1,646,000. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Klaviyo Stock Down 3.2 %

Shares of Klaviyo stock opened at $47.59 on Wednesday. Klaviyo, Inc. has a 52-week low of $21.26 and a 52-week high of $49.55. The company has a 50 day moving average of $42.60 and a 200 day moving average of $36.91. The company has a market capitalization of $12.83 billion, a P/E ratio of -264.39 and a beta of 0.60.

Analyst Ratings Changes

A number of brokerages have weighed in on KVYO. Morgan Stanley lifted their price target on shares of Klaviyo from $38.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Macquarie reiterated a “neutral” rating and set a $36.00 price target on shares of Klaviyo in a research report on Friday, November 8th. Cantor Fitzgerald lifted their price target on shares of Klaviyo from $33.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Canaccord Genuity Group lifted their price target on shares of Klaviyo from $32.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Citigroup raised their price objective on shares of Klaviyo from $39.00 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.88.

Insider Buying and Selling

In other Klaviyo news, insider Landon Edmond sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $34.56, for a total transaction of $1,382,400.00. Following the sale, the insider now owns 236,621 shares of the company’s stock, valued at approximately $8,177,621.76. This trade represents a 14.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Amanda Whalen sold 15,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $45.85, for a total transaction of $687,750.00. Following the completion of the transaction, the chief financial officer now directly owns 376,820 shares in the company, valued at $17,277,197. This represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 174,072 shares of company stock worth $6,778,517 over the last 90 days. 53.24% of the stock is owned by insiders.

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.