Klaviyo (NYSE:KVYO) Director Ed Hallen Sells 1,300 Shares of Company Stock

Klaviyo, Inc. (NYSE:KVYO) Director Ed Hallen sold 1,300 shares of Klaviyo stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $17.02, for a total transaction of $22,126.00. Following the sale, the director directly owned 93,957 shares in the company, valued at approximately $1,599,148.14. This trade represents a 1.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ed Hallen also recently made the following trade(s):

• On Monday, August 31st, Ed Hallen sold 98,782 shares of Klaviyo stock. The shares were sold at an average price of $20.48, for a total transaction of $2,023,055.36.

Klaviyo Price Performance

KVYO stock opened at $15.79 on Friday. Klaviyo, Inc. has a 1 year low of $12.53 and a 1 year high of $33.35. The firm has a market capitalization of $4.50 billion, a PE ratio of 790.10 and a beta of 0.57. The business has a 50 day simple moving average of $17.74 and a 200-day simple moving average of $17.24.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $370.58 million for the quarter, compared to the consensus estimate of $362.08 million. Klaviyo had a return on equity of 5.67% and a net margin of 0.49%.The firm’s revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 earnings per share. On average, equities research analysts expect that Klaviyo, Inc. will post 0.2 EPS for the current year.

Hedge Funds Weigh In On Klaviyo

Hedge funds have recently bought and sold shares of the company. Whetstone Capital Advisors LLC acquired a new stake in shares of Klaviyo during the second quarter worth about $1,343,000. Engineers Gate Manager LP lifted its position in shares of Klaviyo by 559.9% during the 2nd quarter. Engineers Gate Manager LP now owns 131,709 shares of the company’s stock worth $1,989,000 after purchasing an additional 111,749 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Klaviyo by 1.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 435,481 shares of the company’s stock worth $6,576,000 after buying an additional 5,661 shares during the last quarter. Squarepoint Ops LLC lifted its stake in Klaviyo by 1,343.5% during the second quarter. Squarepoint Ops LLC now owns 962,136 shares of the company’s stock worth $14,528,000 after purchasing an additional 895,485 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Klaviyo by 7.1% during the 2nd quarter. Arizona State Retirement System now owns 38,579 shares of the company’s stock worth $583,000 after buying an additional 2,568 shares during the last quarter. Institutional investors and hedge funds own 45.43% of the company’s stock.

Analyst Upgrades and Downgrades

KVYO has been the topic of several recent research reports. Morgan Stanley set a $31.00 price target on shares of Klaviyo in a research report on Thursday, August 6th. Needham & Company LLC restated a “buy” rating on shares of Klaviyo in a research report on Wednesday, September 2nd. Barclays decreased their target price on shares of Klaviyo from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, August 6th. Robert W. Baird set a $25.00 price target on shares of Klaviyo in a research note on Thursday, August 6th. Finally, Benchmark downgraded shares of Klaviyo from a “buy” rating to a “hold” rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Klaviyo has an average rating of “Moderate Buy” and a consensus price target of $27.14.

About Klaviyo

Klaviyo, Inc is a technology company that provides a customer data and marketing automation platform for businesses. Its software helps brands collect, organize and analyze customer information, then use those insights to create targeted communications and personalized marketing campaigns.

The company’s platform supports marketing channels including email, SMS messaging, mobile push notifications and on-site experiences. Klaviyo also provides tools for customer segmentation, campaign automation, analytics and reporting, and integrates with e-commerce, payment and other business applications.

Klaviyo primarily serves consumer-focused businesses, including e-commerce brands, retailers and other companies seeking to build direct relationships with customers.