B. Metzler seel. Sohn & Co. AG Invests $1.93 Million in Klaviyo, Inc. (NYSE:KVYO)

B. Metzler seel. Sohn & Co. AG bought a new position in shares of Klaviyo, Inc. (NYSE:KVYO) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 46,885 shares of the company’s stock, valued at approximately $1,934,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bank Julius Baer & Co. Ltd Zurich grew its position in Klaviyo by 8.0% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,836 shares of the company’s stock worth $220,000 after purchasing an additional 359 shares during the period. Victory Capital Management Inc. grew its holdings in Klaviyo by 10.3% during the fourth quarter. Victory Capital Management Inc. now owns 6,469 shares of the company’s stock worth $267,000 after acquiring an additional 604 shares during the period. Arizona State Retirement System raised its position in Klaviyo by 4.0% during the fourth quarter. Arizona State Retirement System now owns 16,854 shares of the company’s stock valued at $695,000 after acquiring an additional 648 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Klaviyo by 169.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company’s stock valued at $72,000 after acquiring an additional 1,102 shares during the period. Finally, SG Americas Securities LLC boosted its position in Klaviyo by 21.4% in the 4th quarter. SG Americas Securities LLC now owns 10,929 shares of the company’s stock worth $451,000 after purchasing an additional 1,923 shares in the last quarter. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Klaviyo news, major shareholder Summit Partners L. P sold 2,000,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $32.44, for a total transaction of $64,880,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Landon Edmond sold 40,000 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $41.80, for a total value of $1,672,000.00. Following the completion of the transaction, the insider now directly owns 298,607 shares in the company, valued at approximately $12,481,772.60. This trade represents a 11.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,126,246 shares of company stock valued at $69,799,958 in the last three months. 53.24% of the stock is currently owned by insiders.

Klaviyo Trading Up 1.3 %

Shares of NYSE KVYO opened at $31.40 on Thursday. The stock has a market cap of $8.58 billion, a PE ratio of -174.44 and a beta of 0.86. Klaviyo, Inc. has a 12-month low of $21.26 and a 12-month high of $49.55. The company has a 50-day moving average of $39.94 and a 200 day moving average of $38.81.

Klaviyo (NYSE:KVYO) last posted 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). Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. The company had revenue of $270.16 million during the quarter, compared to analyst estimates of $257.24 million. On average, sell-side analysts forecast that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KVYO. Piper Sandler boosted their target price on shares of Klaviyo from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. The Goldman Sachs Group increased their target price on shares of Klaviyo from $45.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. KeyCorp lifted their price target on Klaviyo from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Wells Fargo & Company lowered their price target on Klaviyo from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 20th. Finally, Needham & Company LLC boosted their price objective on Klaviyo from $46.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.89.

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.