WINTON GROUP Ltd Acquires New Holdings in Klaviyo, Inc. (NYSE:KVYO)

WINTON GROUP Ltd bought a new position in Klaviyo, Inc. (NYSE:KVYO) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 5,839 shares of the company’s stock, valued at approximately $241,000.

Several other large investors have also recently bought and sold shares of KVYO. Vanguard Group Inc. increased its holdings in shares of Klaviyo by 9.1% in 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 period. Whale Rock Capital Management LLC increased its stake in Klaviyo by 608.9% in the 3rd quarter. Whale Rock Capital Management LLC now owns 3,600,606 shares of the company’s stock worth $127,389,000 after acquiring an additional 3,092,725 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Klaviyo by 5.0% in the 4th quarter. Bank of New York Mellon Corp now owns 2,926,187 shares of the company’s stock valued at $120,676,000 after acquiring an additional 140,127 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Klaviyo by 41.9% during the 4th quarter. American Century Companies Inc. now owns 1,209,612 shares of the company’s stock valued at $49,884,000 after acquiring an additional 357,194 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Klaviyo by 45.1% during the third quarter. Geode Capital Management LLC now owns 786,186 shares of the company’s stock worth $27,827,000 after purchasing an additional 244,447 shares in the last quarter. 45.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Amanda Whalen sold 15,000 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $39.18, for a total transaction of $587,700.00. Following the transaction, the chief financial officer now owns 391,820 shares in the company, valued at $15,351,507.60. The trade was a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Summit Partners L. P sold 2,000,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $32.44, for a total transaction of $64,880,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,126,246 shares of company stock worth $69,799,958. 53.24% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KVYO. KeyCorp lifted their target price on shares of Klaviyo from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Piper Sandler lifted their price objective on shares of Klaviyo from $50.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Loop Capital upped their target price on shares of Klaviyo from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Canaccord Genuity Group raised their price target on Klaviyo from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Finally, Citigroup lifted their price target on Klaviyo from $39.00 to $48.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Klaviyo has a consensus rating of “Moderate Buy” and a consensus target price of $49.89.

Klaviyo Stock Down 5.9 %

NYSE:KVYO opened at $30.95 on Monday. The firm has a market capitalization of $8.45 billion, a P/E ratio of -171.93 and a beta of 0.86. The company has a fifty day moving average of $40.57 and a 200 day moving average of $38.88. Klaviyo, Inc. has a 52 week low of $21.26 and a 52 week high of $49.55.

Klaviyo (NYSE:KVYO) last posted its earnings results on Wednesday, February 19th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.12). The firm had revenue of $270.16 million for the quarter, compared to analysts’ expectations of $257.24 million. Klaviyo had a positive return on equity of 0.89% and a negative net margin of 4.92%. As a group, analysts anticipate that Klaviyo, Inc. will post 0.04 EPS for the current year.

Klaviyo 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.