Voya Investment Management LLC Boosts Stock Holdings in Klaviyo, Inc. (NYSE:KVYO)

Voya Investment Management LLC grew its position in Klaviyo, Inc. (NYSE:KVYO) by 47.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,851,679 shares of the company’s stock after acquiring an additional 592,884 shares during the quarter. Voya Investment Management LLC’s holdings in Klaviyo were worth $76,363,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. CIBC Private Wealth Group LLC lifted its holdings in Klaviyo by 169.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company’s stock valued at $72,000 after purchasing an additional 1,102 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Klaviyo by 77.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company’s stock worth $77,000 after buying an additional 818 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Klaviyo during the fourth quarter worth about $196,000. US Bancorp DE purchased a new stake in Klaviyo during the 4th quarter valued at about $199,000. Finally, Bank Julius Baer & Co. Ltd Zurich raised its holdings in Klaviyo by 8.0% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,836 shares of the company’s stock valued at $220,000 after acquiring an additional 359 shares during the last quarter. 45.43% of the stock is owned by institutional investors and hedge funds.

Klaviyo Trading Up 10.3 %

Shares of NYSE KVYO opened at $28.95 on Friday. The stock has a market capitalization of $7.91 billion, a PE ratio of -160.83 and a beta of 1.39. Klaviyo, Inc. has a twelve month low of $21.26 and a twelve month high of $49.55. The stock has a fifty day simple moving average of $32.73 and a 200-day simple moving average of $37.78.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings results on Wednesday, February 19th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.12). Klaviyo had a positive return on equity of 0.89% and a negative net margin of 4.92%. The business had revenue of $270.16 million for the quarter, compared to analysts’ expectations of $257.24 million. On average, equities analysts predict that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KVYO. Cantor Fitzgerald upped their price target on Klaviyo from $47.00 to $54.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Stephens began coverage on Klaviyo in a research note on Wednesday, March 19th. They issued an “overweight” rating and a $43.00 target price for the company. Barclays lowered their price target on shares of Klaviyo from $51.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday. Scotiabank cut their price objective on shares of Klaviyo from $45.00 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday. Finally, The Goldman Sachs Group boosted their target price on shares of Klaviyo from $45.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.47.

Insider Buying and Selling at Klaviyo

In other news, major shareholder Jeff Fagnan purchased 3,900 shares of the firm’s stock in a transaction that occurred on Wednesday, April 9th. The stock was bought at an average price of $25.77 per share, for a total transaction of $100,503.00. Following the completion of the purchase, the insider now directly owns 3,900 shares of the company’s stock, valued at $100,503. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Amanda Whalen sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $45.85, for a total transaction of $687,750.00. Following the transaction, the chief financial officer now owns 376,820 shares of the company’s stock, valued at $17,277,197. This trade represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,088,770 shares of company stock valued at $67,947,356 in the last 90 days. Company insiders own 53.24% of the company’s stock.

About Klaviyo

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.