13,249 Shares in Klaviyo, Inc. $KVYO Purchased by Magnetar Financial LLC

Key Points

• Magnetar Financial LLC has acquired 13,249 shares of Klaviyo, Inc. ($KVYO), valued at about $401,000, during the first quarter.
• Analysts have given Klaviyo a consensus rating of "Moderate Buy" with target prices ranging from $38.00 to $50.00.
• Klaviyo reported a 31.9% year-over-year revenue increase, with quarterly revenue of $293.12 million surpassing estimates, alongside an EPS of $0.16.

Magnetar Financial LLC bought a new position in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 13,249 shares of the company's stock, valued at approximately $401,000.

Other hedge funds have also modified their holdings of the company. TFC Financial Management Inc. bought a new position in Klaviyo in the 1st quarter worth approximately $27,000. CWM LLC boosted its position in Klaviyo by 227.5% in the 1st quarter. CWM LLC now owns 930 shares of the company's stock valued at $28,000 after buying an additional 646 shares during the last quarter. State of Wyoming acquired a new stake in shares of Klaviyo in the 1st quarter valued at $42,000. Caitong International Asset Management Co. Ltd raised its position in shares of Klaviyo by 217.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,421 shares of the company's stock worth $43,000 after acquiring an additional 974 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Klaviyo by 77.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company's stock worth $77,000 after acquiring an additional 818 shares during the last quarter. 45.43% of the stock is owned by institutional investors.

Insider Activity at Klaviyo

In other news, CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $31.32, for a total transaction of $469,800.00. Following the transaction, the chief financial officer owned 485,515 shares in the company, valued at $15,206,329.80. The trade was a 3.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Carmel Galvin sold 11,155 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $31.67, for a total value of $353,278.85. Following the sale, the insider directly owned 675,833 shares of the company's stock, valued at approximately $21,403,631.11. The trade was a 1.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 537,389 shares of company stock valued at $16,847,415 over the last 90 days. Insiders own 53.24% of the company's stock.

Klaviyo Price Performance

KVYO traded up $1.00 during mid-day trading on Friday, hitting $32.15. The stock had a trading volume of 1,398,240 shares, compared to its average volume of 1,935,468. The stock's fifty day simple moving average is $32.22 and its 200-day simple moving average is $32.49. The firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of -128.58 and a beta of 1.36. Klaviyo, Inc. has a 1-year low of $23.77 and a 1-year 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 (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. Klaviyo had a negative net margin of 6.19% and a negative return on equity of 1.12%. The company had revenue of $293.12 million during the quarter, compared to analyst estimates of $275.97 million. During the same quarter in the previous year, the business earned $0.15 EPS. The firm's revenue was up 31.9% on a year-over-year basis. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts expect that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KVYO. Macquarie reiterated a "neutral" rating and issued a $37.00 price target on shares of Klaviyo in a report on Wednesday, August 6th. Stifel Nicolaus cut their target price on shares of Klaviyo from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Tuesday, July 15th. Benchmark raised their target price on shares of Klaviyo from $44.00 to $46.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Zacks Research upgraded shares of Klaviyo to a "strong sell" rating in a research report on Friday, August 8th. Finally, TD Cowen increased their price objective on shares of Klaviyo from $45.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Eighteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Klaviyo currently has a consensus rating of "Moderate Buy" and an average target price of $43.65.

Klaviyo 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.