Klaviyo (NYSE:KVYO) sets new 1-year high at $35.77

VaselineSeptember 30, 2024

0 3 minutes read

Klaviyo, Inc. (NYSE:KVYO – Get Your Free Report ) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $35.77 and last traded at $35.74 with a volume of 18400 shares. Shares previously closed at $35.20.

Analysts on Wall Street are forecasting an increase

Several equities analysts have weighed in on KVYO shares. Barclays lifted their price target on Klaviyo from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Piper Sandler boosted their price target on Klaviyo from $30.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Cantor Fitzgerald boosted their price target on Klaviyo from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Klaviyo in a report on Wednesday, September 4th. Finally, KeyCorp upgraded Klaviyo from a “sector weight” rating to an “overweight” rating and set a $33.00 price target for the company in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Klaviyo presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.00, according to MarketBeat.com.

Read our latest review on KVYO

Performance of Klaviyo actions

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The firm has a fifty day moving average price of $30.17 and a 200 day moving average price of $26.07.

Klaviyo (NYSE:KVYO – Get Your Free Report ) last announced its earnings results on Wednesday, August 7th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.10 by $0.05. The company had revenue of $222.21 million for the quarter, compared to analysts’ expectations of $212.34 million. Klaviyo had a negative return on equity of 32.19% and a negative net margin of 42.15%. The company’s revenue for the quarter was up 35.0% year-over-year. In the same quarter last year, the company earned $0.09 per share. On average, research analysts expect that Klaviyo, Inc. to record -0.01 EPS for the current fiscal year.

Inside activity at Klaviyo

In other Klaviyo news, CTO Allen Chaves sold 130,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $31.85, for a total value of $4,140,500.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, major shareholder Jeff Fagnan purchased 9,485 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were purchased at an average price of $26.43 per share, with a total value of $250,688.55. Following the completion of the purchase, the insider now owns 9,485 shares of the company’s stock, valued at approximately $250,688.55. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Allen Chaves sold 130,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $31.85, for a total value of $4,140,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold a total of 843,363 shares of company stock worth $26,583,602. Insiders own 53.24% of the company’s shares.

Institutional investors are stepping in on Klaviyo

Hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC purchased a new stake in shares of Klaviyo in the first quarter worth about $662,000. Swiss National Bank acquired a new stake in shares of Klaviyo in the 1st quarter worth about $1,776,000. Claro Advisors LLC purchased a new stake in shares of Klaviyo in the 1st quarter worth approximately $23,510,000. Norges Bank acquired a new stake in shares of Klaviyo in the fourth quarter valued at approximately $21,258,000. Finally, Blair William & Co. IL grew its position in shares of Klaviyo by 1,234.0% in the first quarter. Blair William & Co. IL now owns 175,531 shares of the company’s stock worth $4,473,000 after buying an additional 162,373 shares during the period. Institutional investors and hedge funds own 45.43% of the company’s shares.

Klaviyo Company Profile

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Klaviyo, Inc, a technology company, provides a software-as-a-service platform in the United States, other Americas, Asia-Pacific, Europe, Middle East and Africa. The company offers Klaviyo, a cloud-native platform for data warehouse, segmentation engine, campaigns and feeds, and messaging infrastructure.