Klaviyo (NYSE:KVYO) Price Target Raised to $48.00

Klaviyo (NYSE:KVYO) had its target price upped by equities research analysts at Citigroup from $39.00 to $48.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price target suggests a potential upside of 1.05% from the company’s previous close.

Other equities analysts have also issued reports about the company. Piper Sandler lifted their price objective on Klaviyo from $45.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. 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. Macquarie reiterated a “neutral” rating and set a $36.00 price objective on shares of Klaviyo in a research note on Friday, November 8th. Needham & Company LLC raised their target price on shares of Klaviyo from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley upped their price target on shares of Klaviyo from $38.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $44.29.

Klaviyo Trading Down 0.1 %

Shares of Klaviyo stock opened at $47.50 on Tuesday. The business’s fifty day moving average price is $42.60 and its 200 day moving average price is $36.91. Klaviyo has a twelve month low of $21.26 and a twelve month high of $49.55. The stock has a market capitalization of $12.81 billion, a P/E ratio of -263.87 and a beta of 0.60.

Insiders Place Their Bets

In other news, CFO Amanda Whalen sold 15,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.56, for a total value of $518,400.00. Following the sale, the chief financial officer now owns 395,616 shares in the company, valued at approximately $13,672,488.96. This represents a 3.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Landon Edmond sold 40,000 shares of Klaviyo stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.56, for a total value of $1,382,400.00. Following the completion of the transaction, the insider now owns 236,621 shares of the company’s stock, valued at $8,177,621.76. This trade represents a 14.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 174,072 shares of company stock worth $6,778,517 in the last three months. 53.24% of the stock is owned by insiders.

Institutional Trading of Klaviyo

Several institutional investors and hedge funds have recently bought and sold shares of KVYO. Bryce Point Capital LLC bought a new stake in shares of Klaviyo in the 4th quarter valued at approximately $877,000. Geode Capital Management LLC boosted its holdings in Klaviyo by 12.2% in the fourth quarter. Geode Capital Management LLC now owns 882,460 shares of the company’s stock worth $36,409,000 after purchasing an additional 96,274 shares during the period. Franklin Resources Inc. increased its stake in Klaviyo by 48.6% during the fourth quarter. Franklin Resources Inc. now owns 1,943,523 shares of the company’s stock valued at $80,151,000 after purchasing an additional 635,962 shares during the last quarter. B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Klaviyo during the fourth quarter worth $1,934,000. Finally, Pier 88 Investment Partners LLC lifted its position in shares of Klaviyo by 41.8% in the 4th quarter. Pier 88 Investment Partners LLC now owns 38,700 shares of the company’s stock worth $1,596,000 after buying an additional 11,400 shares during the last quarter. Institutional investors and hedge funds own 45.43% of the company’s stock.

Klaviyo Company 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.