Klaviyo Sees Unusually High Options Volume (NYSE:KVYO)

Klaviyo, Inc. (NYSE:KVYO) was the recipient of some unusual options trading on Tuesday. Stock investors acquired 4,031 call options on the company. This is an increase of approximately 49% compared to the typical daily volume of 2,713 call options.

Wall Street Analyst Weigh In

KVYO has been the topic of a number of research reports. Wall Street Zen downgraded shares of Klaviyo from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Benchmark lowered shares of Klaviyo from a “buy” rating to a “hold” rating in a research note on Thursday, August 6th. Stifel Nicolaus set a $22.00 target price on shares of Klaviyo in a research note on Thursday, September 10th. KeyCorp reduced their price objective on Klaviyo from $35.00 to $29.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Finally, Citigroup restated a “buy” rating on shares of Klaviyo in a report on Tuesday, September 8th. Seventeen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Klaviyo currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.86.

Insider Buying and Selling

In related news, insider Landon Edmond sold 8,103 shares of Klaviyo stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $20.44, for a total transaction of $165,625.32. Following the sale, the insider directly owned 477,866 shares of the company’s stock, valued at approximately $9,767,581.04. The trade was a 1.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ed Hallen sold 97,482 shares of the business’s stock in a transaction on Wednesday, October 7th. The stock was sold at an average price of $17.40, for a total value of $1,696,186.80. Following the sale, the director owned 55,290 shares in the company, valued at $962,046. This represents a 63.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 5,275,468 shares of company stock worth $93,822,653 in the last quarter. Corporate insiders own 37.42% of the company’s stock.

Hedge Funds Weigh In On Klaviyo

Hedge funds have recently made changes to their positions in the business. Optiver Holding B.V. bought a new position in shares of Klaviyo during the first quarter worth $39,000. Rockefeller Capital Management L.P. increased its holdings in Klaviyo by 2,641.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,207 shares of the company’s stock valued at $104,000 after acquiring an additional 3,090 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Klaviyo by 2,085.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,802 shares of the company’s stock worth $74,000 after purchasing an additional 3,628 shares in the last quarter. Nykredit A S purchased a new stake in Klaviyo in the 2nd quarter worth $90,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Klaviyo during the 3rd quarter valued at about $101,000. Institutional investors own 45.43% of the company’s stock.

Klaviyo Stock Performance

Shares of KVYO traded up $1.65 on Tuesday, hitting $19.17. 4,988,113 shares of the stock traded hands, compared to its average volume of 5,602,934. Klaviyo has a one year low of $12.53 and a one year high of $33.35. The business has a 50 day simple moving average of $17.41 and a 200 day simple moving average of $16.96. The company has a market capitalization of $5.46 billion, a PE ratio of 959.23 and a beta of 0.67.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting 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 net margin of 0.49% and a return on equity of 5.67%. The business’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 EPS. On average, equities analysts expect that Klaviyo will post 0.20 earnings per share for the current year.

Klaviyo Company Profile

Klaviyo, Inc (NYSE: KVYO) provides a customer data and marketing automation platform designed primarily for businesses that sell online. Its software helps organizations collect, organize and analyze customer information, then use those insights to create personalized marketing and customer engagement campaigns.

The company’s platform supports communication across channels including email, SMS and mobile push notifications. Its products provide tools for audience segmentation, campaign orchestration, automation, analytics and reporting, with capabilities intended to help businesses improve customer acquisition, engagement and retention.