Klaviyo, Inc. (NYSE:KVYO - Get Free Report) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 6,630,000 shares, a growth of 9.4% from the December 31st total of 6,060,000 shares. Approximately 12.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,270,000 shares, the days-to-cover ratio is currently 5.2 days.
In related news, President Stephen Eric Rowland sold 4,536 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $34.56, for a total transaction of $156,764.16. Following the sale, the president now directly owns 186,785 shares in the company, valued at $6,455,289.60. This represents a 2.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Landon Edmond sold 40,000 shares of Klaviyo stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $41.80, for a total value of $1,672,000.00. Following the completion of the transaction, the insider now owns 298,607 shares of the company's stock, valued at approximately $12,481,772.60. The trade was a 11.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 159,072 shares of company stock worth $6,090,767 in the last 90 days. 53.24% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Whale Rock Capital Management LLC raised 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 valued at $127,389,000 after purchasing an additional 3,092,725 shares during the period. SpiderRock Advisors LLC lifted its position in Klaviyo by 1,571.7% in the third quarter. SpiderRock Advisors LLC now owns 501,500 shares of the company's stock worth $17,743,000 after buying an additional 471,500 shares during the last quarter. Mayflower Financial Advisors LLC boosted its stake in Klaviyo by 181.4% during the third quarter. Mayflower Financial Advisors LLC now owns 684,948 shares of the company's stock worth $24,233,000 after buying an additional 441,500 shares during the period. Two Sigma Advisers LP increased its position in Klaviyo by 121.5% during the third quarter. Two Sigma Advisers LP now owns 673,500 shares of the company's stock valued at $23,828,000 after acquiring an additional 369,400 shares during the last quarter. Finally, WCM Investment Management LLC purchased a new stake in shares of Klaviyo in the fourth quarter valued at $12,781,000. Hedge funds and other institutional investors own 45.43% of the company's stock.
KVYO stock opened at $45.94 on Friday. Klaviyo has a 52-week low of $21.26 and a 52-week high of $47.96. The company has a market capitalization of $12.39 billion, a PE ratio of -255.21 and a beta of 0.57. The stock's 50 day moving average is $41.11 and its two-hundred day moving average is $35.75.
Klaviyo (NYSE:KVYO - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.04. The business had revenue of $235.09 million during the quarter, compared to analysts' expectations of $226.33 million. Klaviyo had a negative net margin of 5.23% and a positive return on equity of 0.86%. Klaviyo's revenue was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.24) earnings per share. As a group, sell-side analysts anticipate that Klaviyo will post 0.03 EPS for the current year.
Several research firms recently issued reports on KVYO. Piper Sandler raised their price target on Klaviyo from $45.00 to $50.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Macquarie reissued a "neutral" rating and set a $36.00 price target on shares of Klaviyo in a research note on Friday, November 8th. Wells Fargo & Company raised their price objective on shares of Klaviyo from $37.00 to $41.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 7th. Benchmark dropped their target price on shares of Klaviyo from $42.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Finally, KeyCorp lifted their price objective on Klaviyo from $42.00 to $45.00 and gave the stock an "overweight" rating in a research note on Friday, December 13th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Klaviyo presently has a consensus rating of "Moderate Buy" and an average target price of $43.18.
View Our Latest Research Report on Klaviyo
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.
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