Klaviyo (NYSE:KVYO) Stock Price Expected to Rise, Citigroup Analyst Says

Klaviyo (NYSE:KVYO) had its price target raised by equities researchers at Citigroup from $39.00 to $48.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective suggests a potential upside of 1.05% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. KeyCorp boosted their target price on Klaviyo from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Stifel Nicolaus began coverage on Klaviyo in a report on Tuesday, October 22nd. They set a “buy” rating and a $45.00 price objective on the stock. Robert W. Baird raised their target price on Klaviyo from $42.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Macquarie restated a “neutral” rating and set a $36.00 target price on shares of Klaviyo in a research report on Friday, November 8th. Finally, Piper Sandler increased their price target on shares of Klaviyo from $45.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.29.

Klaviyo Stock Down 0.1 %

Shares of NYSE:KVYO opened at $47.50 on Tuesday. The company has a market cap of $12.81 billion, a price-to-earnings ratio of -263.87 and a beta of 0.60. Klaviyo has a fifty-two week low of $21.26 and a fifty-two week high of $49.55. The firm’s 50-day simple moving average is $42.60 and its 200-day simple moving average is $36.91.

Insider Activity at Klaviyo

In related news, CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction dated Monday, February 3rd. The stock was 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 owns 376,820 shares in the company, valued at approximately $17,277,197. This trade represents a 3.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Stephen Eric Rowland sold 4,536 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $40.04, for a total transaction of $181,621.44. Following the completion of the transaction, the president now owns 260,403 shares in the company, valued at approximately $10,426,536.12. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 174,072 shares of company stock valued at $6,778,517. 53.24% of the stock is owned by corporate insiders.

Institutional Trading of Klaviyo

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Klaviyo by 9.1% during the fourth quarter. Vanguard Group Inc. now owns 7,721,855 shares of the company’s stock worth $318,449,000 after purchasing an additional 646,628 shares during the last quarter. Whale Rock Capital Management LLC lifted its position in Klaviyo by 608.9% during the third quarter. Whale Rock Capital Management LLC now owns 3,600,606 shares of the company’s stock worth $127,389,000 after buying an additional 3,092,725 shares during the period. Bank of New York Mellon Corp lifted its position in Klaviyo by 5.0% during 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 buying an additional 140,127 shares during the period. Clearbridge Investments LLC boosted its stake in Klaviyo by 0.9% in the 4th quarter. Clearbridge Investments LLC now owns 2,168,336 shares of the company’s stock worth $89,422,000 after buying an additional 19,567 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Klaviyo by 48.6% in the 4th quarter. Franklin Resources Inc. now owns 1,943,523 shares of the company’s stock valued at $80,151,000 after buying an additional 635,962 shares during the period. 45.43% of the stock is owned by hedge funds and other institutional investors.

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.