Mayflower Financial Advisors LLC Decreases Stake in Klaviyo, Inc. (NYSE:KVYO)

Mayflower Financial Advisors LLC decreased its holdings in Klaviyo, Inc. (NYSE:KVYO) by 37.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 431,429 shares of the company’s stock after selling 253,519 shares during the quarter. Klaviyo makes up 2.7% of Mayflower Financial Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. Mayflower Financial Advisors LLC owned approximately 0.16% of Klaviyo worth $17,792,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lisanti Capital Growth LLC acquired a new position in Klaviyo in the third quarter valued at $5,513,000. Pier 88 Investment Partners LLC bought a new stake in shares of Klaviyo during the third quarter worth about $966,000. SpiderRock Advisors LLC grew its position in Klaviyo by 1,571.7% in the 3rd quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company’s stock worth $17,743,000 after purchasing an additional 471,500 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Klaviyo in the 3rd quarter worth about $5,113,000. Finally, Barclays PLC grew its position in Klaviyo by 1,202.0% in the 3rd quarter. Barclays PLC now owns 12,825 shares of the company’s stock worth $453,000 after purchasing an additional 11,840 shares in the last quarter. Institutional investors and hedge funds own 45.43% of the company’s stock.

Insider Transactions at Klaviyo

In other news, President Stephen Eric Rowland sold 4,536 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.56, for a total value of $156,764.16. Following the completion of the sale, the president now directly owns 186,785 shares of the company’s stock, valued at $6,455,289.60. This represents a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Amanda Whalen sold 1,050 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $40.07, for a total transaction of $42,073.50. Following the transaction, the chief financial officer now owns 395,616 shares of the company’s stock, valued at approximately $15,852,333.12. This represents a 0.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 159,072 shares of company stock valued at $6,090,767 over the last three months. Corporate insiders own 53.24% of the company’s stock.

Klaviyo Price Performance

KVYO opened at $45.65 on Wednesday. The firm has a 50 day moving average price of $40.28 and a 200-day moving average price of $35.22. Klaviyo, Inc. has a twelve month low of $21.26 and a twelve month high of $47.49.

Klaviyo (NYSE:KVYO) last announced its earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. Klaviyo had a negative net margin of 5.23% and a positive return on equity of 0.86%. The business had revenue of $235.09 million during the quarter, compared to analysts’ expectations of $226.33 million. During the same period in the prior year, the company earned ($1.24) earnings per share. The firm’s revenue was up 33.7% on a year-over-year basis. Equities research analysts anticipate that Klaviyo, Inc. will post 0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on KVYO shares. William Blair reissued an “outperform” rating on shares of Klaviyo in a research report on Thursday, December 19th. Stifel Nicolaus initiated coverage on shares of Klaviyo in a research report on Tuesday, October 22nd. They set a “buy” rating and a $45.00 price objective on the stock. Canaccord Genuity Group increased their target price on shares of Klaviyo from $32.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Barclays raised their price target on shares of Klaviyo from $32.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Finally, KeyCorp raised their price target on shares of Klaviyo from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $42.29.

Klaviyo Company Profile

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.