63,117 Shares in Klaviyo, Inc. (NYSE:KVYO) Purchased by Pursue Wealth Partners LLC

Pursue Wealth Partners LLC bought a new position in Klaviyo, Inc. (NYSE:KVYO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 63,117 shares of the company’s stock, valued at approximately $1,753,000. Klaviyo comprises about 1.1% of Pursue Wealth Partners LLC’s investment portfolio, making the stock its 26th biggest position.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP bought a new stake in shares of Klaviyo in the third quarter worth about $5,047,000. Hudson Bay Capital Management LP bought a new stake in Klaviyo during the 3rd quarter valued at approximately $690,000. Summit Partners L P bought a new stake in Klaviyo during the 3rd quarter valued at approximately $1,708,162,000. FMR LLC bought a new stake in Klaviyo during the 3rd quarter valued at approximately $34,203,000. Finally, Lord Abbett & CO. LLC bought a new stake in Klaviyo during the 3rd quarter valued at approximately $5,111,000. 45.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, insider Landon Edmond sold 3,545 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $24.15, for a total transaction of $85,611.75. Following the completion of the transaction, the insider now owns 167,127 shares of the company’s stock, valued at approximately $4,036,117.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analysts Set New Price Targets

KVYO has been the subject of several recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Klaviyo in a report on Wednesday, February 28th. Piper Sandler restated an “overweight” rating and issued a $38.00 price objective on shares of Klaviyo in a report on Wednesday, February 28th. Scotiabank initiated coverage on shares of Klaviyo in a report on Tuesday, April 2nd. They issued a “sector perform” rating and a $30.00 price objective for the company. KeyCorp began coverage on shares of Klaviyo in a report on Thursday, March 21st. They issued a “sector weight” rating for the company. Finally, Barclays decreased their target price on shares of Klaviyo from $37.00 to $32.00 and set an “equal weight” rating for the company in a research note on Friday, January 12th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.88.

Klaviyo Trading Up 2.6 %

Klaviyo stock traded up $0.59 during mid-day trading on Friday, hitting $23.61. The stock had a trading volume of 611,913 shares, compared to its average volume of 829,682. The firm’s 50 day moving average is $25.39 and its 200 day moving average is $27.31. Klaviyo, Inc. has a one year low of $22.12 and a one year high of $39.47.

Klaviyo (NYSE:KVYO) last issued its earnings results on Tuesday, February 27th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.02. The firm had revenue of $201.62 million during the quarter, compared to the consensus estimate of $196.02 million. On average, sell-side analysts anticipate that Klaviyo, Inc. will post -0.27 earnings per share for the current fiscal year.

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.