Klaviyo Inc (NYSE: KVYO) stock jumped 2.53% on Friday to $27.53 against a previous-day closing price of $26.85. With 0.59 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.36 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $28.15 whereas the lowest price it dropped to was $26.95. The 52-week range on KVYO shows that it touched its highest point at $39.47 and its lowest point at $24.35 during that stretch. It currently has a 1-year price target of $38.45.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of KVYO was up-trending over the past week, with a rise of 8.81%, but this was down by -8.23% over a month.
Float and Shares Shorts:
At present, 258.30 million KVYO shares are outstanding with a float of 26.47 million shares on hand for trading. On Oct 30, 2023, short shares totaled 4.72 million, which was 0.74% higher than short shares on Sep 28, 2023. In addition to Mr. Andrew Bialecki as the firm’s Co-Founder, CEO & Chairperson, Mr. Edward Hallen serves as its Co-Founder, Chief Product Officer & Director.
Institutional Ownership:
Other institutions hold 68.55% of KVYO, in contrast to 46.63% held by mutual funds. Shares owned by individuals account for 2.28%. As the largest shareholder in KVYO with 9.71% of the stake, ClearBridge Investments LLC holds 1,864,233 shares worth 1,864,233. A second-largest stockholder of KVYO, AllianceBernstein LP, holds 1,571,685 shares, controlling over 8.19% of the firm’s shares. T. Rowe Price Associates, Inc. is the third largest shareholder in KVYO, holding 1,538,897 shares or 8.02% stake. With a 5.14% stake in KVYO, the American Funds Growth Fund of Ame is the largest stakeholder. A total of 986,296 shares are owned by the mutual fund manager. The American Funds New Economy Fund, which owns about 3.53% of KVYO stock, is the second-largest Mutual Fund holder. It holds 677,100 shares valued at 19.29 million. BlackRock Global Funds – Next Gen holds 3.32% of the stake in KVYO, owning 638,256 shares worth 18.18 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KVYO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With KVYO analysts setting a high price target of $42.00 and a low target of $33.00, the average target price over the next 12 months is $38.45. Based on these targets, KVYO could surge 52.56% to reach the target high and rise by 19.87% to reach the target low. Reaching the average price target will result in a growth of 39.67% from current levels.
Summary of Insider Activity:
Insiders traded KVYO stock several times over the past three months with 1 Buys and 4 Sells. In these transactions, 4,919,165 shares were bought while 7,518,121 shares were sold. The number of buy transactions has increased to 1 while that of sell transactions has risen to 4 over the past year. The total number of shares bought during that period was 4,919,165 while 7,518,121 shares were sold.
