2 weeks Ago By ABMN Staff
JPMorgan Chase & Co. cut its stake in shares of Klaviyo, Inc. ( NYSE:KVYO – Free Report ) by 82.
0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,144 shares of the company’s stock after selling 383,733 shares during the period. JPMorgan Chase & Co.
’s holdings in Klaviyo were worth $3,470,000 at the end of the most recent quarter. Several other hedge funds have also bought and sold shares of KVYO. Vanguard Group Inc.
lifted its position in shares of Klaviyo by 9.1% during the 4th quarter. Vanguard Group Inc.
now owns 7,721,855 shares of the company’s stock valued at $318,449,000 after buying an additional 646,628 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Klaviyo by 5.0% in the fourth quarter.
Bank of New York Mellon Corp now owns 2,926,187 shares of the company’s stock worth $120,676,000 after purchasing an additional 140,127 shares during the period. American Century Companies Inc. increased its stake in shares of Klaviyo by 41.
9% in the fourth quarter. American Century Companies Inc. now owns 1,209,612 shares of the company’s stock worth $49,884,000 after purchasing an additional 357,194 shares in the last quarter.
Geode Capital Management LLC raised its position in shares of Klaviyo by 45.1% during the 3rd quarter. Geode Capital Management LLC now owns 786,186 shares of the company’s stock valued at $27,827,000 after purchasing an additional 244,447 shares during the period.
Finally, Charles Schwab Investment Management Inc. boosted its holdings in Klaviyo by 9.5% in the 4th quarter.
Charles Schwab Investment Management Inc. now owns 464,459 shares of the company’s stock worth $19,154,000 after buying an additional 40,102 shares during the period. Institutional investors own 45.
43% of the company’s stock. Wall Street Analyst Weigh In A number of equities research analysts have commented on the company. Robert W.
Baird raised their price target on Klaviyo from $52.00 to $54.00 and gave the company an “outperform” rating in a report on Thursday, February 20th.
Wells Fargo & Company decreased their target price on Klaviyo from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 20th.
William Blair restated an “outperform” rating on shares of Klaviyo in a research note on Thursday, February 20th. Scotiabank lifted their price objective on shares of Klaviyo from $35.00 to $45.
00 and gave the company a “sector perform” rating in a research report on Wednesday, January 29th. Finally, Needham & Company LLC upped their target price on shares of Klaviyo from $46.00 to $56.
00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Klaviyo has an average rating of “Moderate Buy” and a consensus target price of $47.
05. Insider Activity at Klaviyo In related news, major shareholder Jeff Fagnan purchased 3,900 shares of Klaviyo stock in a transaction that occurred on Wednesday, April 9th. The shares were bought at an average price of $25.
77 per share, with a total value of $100,503.00. Following the purchase, the insider now directly owns 3,900 shares of the company’s stock, valued at approximately $100,503.
This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, CFO Amanda Whalen sold 15,000 shares of the business’s stock in a transaction dated Monday, February 3rd.
The shares were sold at an average price of $45.85, for a total transaction of $687,750.00.
Following the completion of the sale, the chief financial officer now directly owns 376,820 shares of the company’s stock, valued at approximately $17,277,197. This trade represents a 3.83 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . In the last ninety days, insiders have sold 2,088,770 shares of company stock worth $67,947,356. Insiders own 53.
24% of the company’s stock. Klaviyo Stock Performance Shares of Klaviyo stock opened at $24.69 on Tuesday.
The stock has a 50 day moving average price of $33.98 and a 200-day moving average price of $38.00.
Klaviyo, Inc. has a one year low of $21.26 and a one year high of $49.
55. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of -137.
17 and a beta of 1.39. Klaviyo ( NYSE:KVYO – Get Free Report ) last posted its quarterly earnings data 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 positive return on equity of 0.89% and a negative net margin of 4.
92%. The firm had revenue of $270.16 million for the quarter, compared to analysts’ expectations of $257.
24 million. Sell-side analysts predict that Klaviyo, Inc. will post 0.
04 earnings per share for the current fiscal year. Klaviyo Profile ( Free Report ) 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.
See Also Want to see what other hedge funds are holding KVYO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Klaviyo, Inc. ( NYSE:KVYO – Free Report ).
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