24,027 Shares in Klaviyo, Inc. $KVYO Purchased by CenterBook Partners LP

CenterBook Partners LP bought a new stake in Klaviyo, Inc. (NYSE:KVYO) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,027 shares of the company’s stock, valued at approximately $378,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Optiver Holding B.V. bought a new stake in Klaviyo during the 1st quarter worth approximately $39,000. EverSource Wealth Advisors LLC boosted its stake in Klaviyo by 2,085.1% in the first 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. State of Wyoming grew its holdings in shares of Klaviyo by 100.8% during the third quarter. State of Wyoming now owns 4,554 shares of the company’s stock worth $72,000 after purchasing an additional 2,286 shares during the last quarter. Nykredit A S bought a new stake in shares of Klaviyo during the second quarter worth $90,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Klaviyo in the third quarter valued at $101,000. 45.43% of the stock is owned by institutional investors and hedge funds.

Klaviyo Stock Performance

NYSE KVYO opened at $21.38 on Friday. The stock has a fifty day moving average of $18.17 and a 200-day moving average of $17.87. The stock has a market capitalization of $6.09 billion, a P/E ratio of 92.30 and a beta of 0.50. Klaviyo, Inc. has a 52 week low of $12.53 and a 52 week high of $33.35.

Klaviyo (NYSE:KVYO) last released its earnings results on Wednesday, November 4th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. Klaviyo had a return on equity of 6.73% and a net margin of 0.54%. The company had revenue of $387.21 million during the quarter, compared to the consensus estimate of $380.02 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The firm’s quarterly revenue was up 24.5% on a year-over-year basis. Equities research analysts forecast that Klaviyo, Inc. will post 0.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KVYO. Piper Sandler cut their price target on Klaviyo from $26.00 to $23.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Wells Fargo & Company increased their price objective on shares of Klaviyo from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. Truist Financial lowered their price objective on shares of Klaviyo from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Stephens boosted their target price on shares of Klaviyo from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Klaviyo in a research report on Wednesday, September 2nd. Sixteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.88.

Insider Transactions at Klaviyo

In other Klaviyo news, Director Ed Hallen sold 98,782 shares of the company’s stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $21.35, for a total transaction of $2,108,995.70. Following the transaction, the director directly owned 16,123 shares in the company, valued at approximately $344,226.05. This represents a 85.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Susan St. Ledger sold 2,328 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $15.93, for a total transaction of $37,085.04. Following the transaction, the director owned 23,433 shares in the company, valued at approximately $373,287.69. The trade was a 9.04% decrease in their ownership of the stock. 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 have sold 374,239 shares of company stock valued at $7,407,885 in the last three months. Company insiders own 37.42% of the company’s stock.

Klaviyo Company Profile

Klaviyo, Inc. provides a customer data and marketing automation platform that helps businesses manage customer relationships and communications. Its software brings together customer information to support personalized marketing and engagement. The platform offers tools for email and text-message marketing, mobile push notifications, automation, audience segmentation, analytics and customer service. Klaviyo also connects with other business applications, including e-commerce platforms, to help companies coordinate customer data and outreach.