Stifel has recently initiated Klaviyo Inc (KVYO) stock to Buy rating, as announced on October 22, 2024, according to Finviz. Earlier, on October 16, 2024, Wells Fargo had initiated the stock to Equal Weight, setting a price target of $37. The Benchmark Company also initiated Buy rating with a price target of $42. Additionally, KeyBanc Capital Markets raised Overweight rating on August 8, 2024, with a target price of $33. Barclays analysts, in their report published on June 12, 2024, also raised Overweight rating and set a price target of $25 for Klaviyo Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Klaviyo Inc (KVYO) Stock Trading Recap
On Wednesday, Klaviyo Inc (KVYO) stock saw a modest uptick, ending the day at $38.27 which represents a slight increase of $0.56 or 1.49% from the prior close of $37.71. The stock opened at $37.79 and touched a low of $37.16 during the day, reaching a high of $38.3. The volume of shares traded was 1.45 million exceeding the average volume of 1.11 million.
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KVYO Stock Performance and Moving Averages
In recent trading, Klaviyo Inc (KVYO) stock price has shown some volatility, fluctuating 3.10% over the last five trades and 10.86% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 67.19%, and it has gained 42.85% in the previous three months. Currently, KVYO is trading at 5.42%, 13.71%, and 40.56% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, KVYO, a Technology sector stock, is trading -0.60% below its 52-week high but remains 80.01% above its 52-week low. The Average True Range (ATR) (14 days) of 1.07 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Klaviyo Inc’s Profitability and Valuation Ratios
Klaviyo Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -46.28% and a profit margin of -42.15%, with a gross margin of 67.19%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Klaviyo Inc’s market capitalization stands at $10.21 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 65.76. Additionally, the Price-to-Sales Ratio is 12.61, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 10.42, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 82.92% of Klaviyo Inc (KVYO)’s shares, while financial institutions hold 20.32%.
Notable insider trades include Rowland Stephen Eric, President at Klaviyo Inc (KVYO), who sold 18114 shares on Oct 15 ’24, at $37.19 each, totaling $0.67 million. On Oct 04 ’24, Whalen Amanda, Chief Financial Officer, sold 10000 shares for $35.36 each, amounting to $0.35 million. Additionally, on Sep 16 ’24, Chaves Allen sold 130000 shares at $31.85 each, generating $4.14 million.
