Quantbot Technologies LP Acquires New Stake in Klaviyo, Inc. $KVYO

Key Points

• Quantbot Technologies LP acquired 122,432 shares of Klaviyo, Inc. (NYSE:KVYO), valued at approximately $3.7 million, during the first quarter.
• Institutional investors own around 45.43% of Klaviyo's stock, with Vanguard Group Inc. increasing its stake by 9.7%.
• Klaviyo reported a 31.9% increase in revenue year-over-year, with quarterly earnings topping analyst estimates at $0.16 EPS.

Quantbot Technologies LP acquired a new position in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 122,432 shares of the company's stock, valued at approximately $3,705,000.

Other hedge funds also recently modified their holdings of the company. TFC Financial Management Inc. acquired a new stake in shares of Klaviyo during the first quarter worth approximately $27,000. CWM LLC increased its holdings in shares of Klaviyo by 227.5% during the first quarter. CWM LLC now owns 930 shares of the company's stock worth $28,000 after buying an additional 646 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Klaviyo by 217.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,421 shares of the company's stock valued at $43,000 after purchasing an additional 974 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Klaviyo by 77.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company's stock valued at $77,000 after purchasing an additional 818 shares in the last quarter. Finally, KBC Group NV acquired a new stake in shares of Klaviyo in the first quarter valued at approximately $77,000. Institutional investors and hedge funds own 45.43% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on KVYO shares. TD Cowen raised their price target on shares of Klaviyo from $45.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Barclays raised their price target on shares of Klaviyo from $35.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Scotiabank set a $35.00 price target on shares of Klaviyo and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Stifel Nicolaus lowered their price target on shares of Klaviyo from $45.00 to $40.00 and set a "buy" rating for the company in a report on Tuesday, July 15th. Finally, Wells Fargo & Company raised shares of Klaviyo from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $32.00 to $40.00 in a report on Friday, June 13th. Eighteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $43.65.

Insiders Place Their Bets

In related news, major shareholder Summit Partners L. P sold 4,000,000 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $33.35, for a total value of $133,400,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Landon Edmond sold 9,965 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $31.46, for a total transaction of $313,498.90. Following the completion of the sale, the insider directly owned 392,584 shares in the company, valued at $12,350,692.64. This represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,087,383 shares of company stock worth $136,183,878 in the last ninety days. 53.24% of the stock is owned by insiders.

Klaviyo Price Performance

Shares of NYSE KVYO traded down $0.4850 during midday trading on Monday, reaching $32.2850. 295,613 shares of the stock were exchanged, compared to its average volume of 1,898,641. The business has a 50-day simple moving average of $32.52 and a two-hundred day simple moving average of $33.57. The company has a market capitalization of $9.68 billion, a price-to-earnings ratio of -129.28 and a beta of 1.36. Klaviyo, Inc. has a 12 month low of $23.77 and a 12 month high of $49.55.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The company had revenue of $293.12 million for the quarter, compared to analysts' expectations of $275.97 million. Klaviyo had a negative net margin of 6.19% and a negative return on equity of 1.12%. The business's quarterly revenue was up 31.9% compared to the same quarter last year. During the same period last year, the firm posted $0.15 earnings per share. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts expect that Klaviyo, Inc. will post 0.04 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.