B. Metzler seel. Sohn & Co. AG Purchases New Shares in Klaviyo, Inc. (NYSE:KVYO)

B. Metzler seel. Sohn & Co. AG acquired a new position in Klaviyo, Inc. (NYSE:KVYO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 46,885 shares of the company’s stock, valued at approximately $1,934,000.

A number of other large investors have also recently made changes to their positions in KVYO. CIBC Private Wealth Group LLC grew its position in Klaviyo by 169.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,752 shares of the company’s stock worth $72,000 after acquiring an additional 1,102 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Klaviyo in the 4th quarter worth approximately $196,000. US Bancorp DE bought a new position in shares of Klaviyo during the 4th quarter valued at approximately $199,000. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Klaviyo by 8.0% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,836 shares of the company’s stock valued at $220,000 after buying an additional 359 shares during the period. Finally, Keybank National Association OH bought a new stake in Klaviyo in the fourth quarter worth $203,000. 45.43% of the stock is currently owned by institutional investors.

Klaviyo Stock Performance

KVYO stock opened at $31.40 on Thursday. The firm has a 50-day simple moving average of $39.94 and a two-hundred day simple moving average of $38.81. Klaviyo, Inc. has a one year low of $21.26 and a one year high of $49.55. The firm has a market cap of $8.58 billion, a price-to-earnings ratio of -174.44 and a beta of 0.86.

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

Insider Activity at Klaviyo

In other Klaviyo news, major shareholder Summit Partners L. P sold 2,000,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $32.44, for a total transaction of $64,880,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Landon Edmond sold 40,000 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $41.80, for a total transaction of $1,672,000.00. Following the completion of the transaction, the insider now directly owns 298,607 shares of the company’s stock, valued at approximately $12,481,772.60. This represents a 11.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,126,246 shares of company stock valued at $69,799,958 in the last ninety days. Corporate insiders own 53.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KVYO. Stephens started coverage on shares of Klaviyo in a research note on Wednesday, March 19th. They issued an “overweight” rating and a $43.00 target price on the stock. Needham & Company LLC increased their price objective 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. William Blair restated an “outperform” rating on shares of Klaviyo in a research report on Thursday, February 20th. Canaccord Genuity Group increased their price target on Klaviyo from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Finally, Citigroup boosted their price objective on Klaviyo from $39.00 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $49.89.

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.