1832 Asset Management L.P. Raises Holdings in Klaviyo, Inc. $KVYO

Key Points

• 1832 Asset Management L.P. increased its stake in Klaviyo, Inc. by 38.7% during Q1, owning approximately $68.05 million worth of shares after acquiring an additional 627,500 shares.
• Klaviyo reported a 31.9% year-over-year revenue growth of $293.12 million for the last quarter, exceeding analyst expectations and achieving earnings per share of $0.16.
• Major shareholder Summit Partners L. P. sold 4 million shares at an average price of $33.35, totaling $133.4 million, while insiders collectively sold over 4 million shares worth around $136.2 million in the last quarter.

1832 Asset Management L.P. lifted its stake in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) by 38.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,248,800 shares of the company's stock after acquiring an additional 627,500 shares during the period. 1832 Asset Management L.P. owned approximately 0.82% of Klaviyo worth $68,049,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in KVYO. Focus Partners Wealth bought a new stake in shares of Klaviyo during the 4th quarter worth $38,870,000. D. E. Shaw & Co. Inc. lifted its holdings in shares of Klaviyo by 195.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,310,227 shares of the company's stock worth $54,034,000 after acquiring an additional 866,749 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of Klaviyo by 105.6% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,538,220 shares of the company's stock worth $46,546,000 after acquiring an additional 790,146 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Klaviyo by 9.7% during the 1st quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company's stock worth $256,240,000 after acquiring an additional 746,078 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Klaviyo by 229.5% during the 4th quarter. Ameriprise Financial Inc. now owns 982,134 shares of the company's stock worth $40,507,000 after acquiring an additional 684,026 shares during the last quarter. 45.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Klaviyo news, President Stephen Eric Rowland sold 7,105 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $31.46, for a total value of $223,523.30. Following the sale, the president owned 445,726 shares in the company, valued at approximately $14,022,539.96. This represents a 1.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Summit Partners L. P sold 4,000,000 shares of the company's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $33.35, for a total transaction of $133,400,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,087,383 shares of company stock valued at $136,183,878. Insiders own 53.24% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on KVYO. Wells Fargo & Company raised shares of Klaviyo from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $32.00 to $40.00 in a research note on Friday, June 13th. TD Cowen boosted their price target on shares of Klaviyo from $45.00 to $46.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Macquarie reissued a "neutral" rating and issued a $37.00 price target on shares of Klaviyo in a research note on Wednesday, August 6th. Benchmark boosted their price target on shares of Klaviyo from $44.00 to $46.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Zacks Research raised shares of Klaviyo to a "strong sell" rating in a research note on Friday, August 8th. Eighteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $43.65.

Klaviyo Trading Up 1.9%

KVYO traded up $0.59 during midday trading on Wednesday, reaching $32.12. The company's stock had a trading volume of 1,055,958 shares, compared to its average volume of 1,904,719. The firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of -128.48 and a beta of 1.36. Klaviyo, Inc. has a 1 year low of $23.77 and a 1 year high of $49.55. The stock's 50-day moving average is $32.40 and its 200-day moving average is $33.45.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings data 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 business 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 revenue was up 31.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.15 earnings per share. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts forecast that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

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.