Wilmington Savings Fund Society FSB Has $666,000 Stock Position in Klaviyo, Inc. (NYSE:KVYO)

Wilmington Savings Fund Society FSB grew its stake in Klaviyo, Inc. (NYSE:KVYO) by 17,445.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,142 shares of the company’s stock after purchasing an additional 16,050 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Klaviyo were worth $666,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Renaissance Capital LLC lifted its holdings in Klaviyo by 56.4% during the 4th quarter. Renaissance Capital LLC now owns 122,646 shares of the company’s stock valued at $5,058,000 after purchasing an additional 44,245 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Klaviyo by 21.4% in the fourth quarter. SG Americas Securities LLC now owns 10,929 shares of the company’s stock valued at $451,000 after acquiring an additional 1,923 shares during the last quarter. Oak Ridge Investments LLC acquired a new position in shares of Klaviyo in the 4th quarter worth approximately $1,646,000. Capital Investment Advisors LLC bought a new stake in Klaviyo during the 4th quarter worth approximately $621,000. Finally, Barclays PLC increased its holdings in Klaviyo by 1,202.0% during the 3rd quarter. Barclays PLC now owns 12,825 shares of the company’s stock valued at $453,000 after purchasing an additional 11,840 shares in the last quarter. Institutional investors own 45.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Cantor Fitzgerald boosted their price objective on Klaviyo from $33.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Scotiabank increased their price objective on shares of Klaviyo from $35.00 to $45.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. Canaccord Genuity Group boosted their target price on shares of Klaviyo from $32.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Robert W. Baird increased their price target on shares of Klaviyo from $42.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus began coverage on shares of Klaviyo in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $45.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Klaviyo currently has an average rating of “Moderate Buy” and an average price target of $43.63.

Insider Transactions at Klaviyo

In other Klaviyo news, CFO Amanda Whalen sold 23,950 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $40.04, for a total transaction of $958,958.00. Following the sale, the chief financial officer now directly owns 395,616 shares in the company, valued at approximately $15,840,464.64. This trade represents a 5.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Landon Edmond sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $34.56, for a total transaction of $1,382,400.00. Following the completion of the transaction, the insider now owns 236,621 shares of the company’s stock, valued at $8,177,621.76. This trade represents a 14.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 174,072 shares of company stock valued at $6,778,517 over the last three months. 53.24% of the stock is currently owned by corporate insiders.

Klaviyo Price Performance

Klaviyo stock opened at $49.23 on Tuesday. Klaviyo, Inc. has a fifty-two week low of $21.26 and a fifty-two week high of $49.43. The firm has a market capitalization of $13.27 billion, a price-to-earnings ratio of -273.50 and a beta of 0.60. The company’s 50 day simple moving average is $42.17 and its 200 day simple moving average is $36.61.

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.