Fox Run Management L.L.C. Takes $640,000 Position in Klaviyo, Inc. $KVYO

Key Points

• Fox Run Management L.L.C. acquired a new position in Klaviyo, Inc. by purchasing 21,149 shares valued at approximately $640,000 during the 1st quarter.
• Several other institutional investors, including WCM Investment Management LLC and Bank of America Corp DE, have also increased their holdings in Klaviyo, with institutional investors owning 45.43% of the company's stock.
• Insiders, including CFO Amanda Whalen and President Stephen Eric Rowland, have sold shares recently, with over 8 million shares sold by insiders in the last ninety days, totaling nearly $267 million in value.

Fox Run Management L.L.C. 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 21,149 shares of the company's stock, valued at approximately $640,000.

Several other institutional investors and hedge funds have also modified their holdings of KVYO. CWM LLC boosted its stake in Klaviyo by 227.5% in the first quarter. CWM LLC now owns 930 shares of the company's stock worth $28,000 after purchasing an additional 646 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Klaviyo by 5.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 14,285 shares of the company's stock valued at $589,000 after buying an additional 677 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Klaviyo by 77.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company's stock worth $77,000 after buying an additional 818 shares in the last quarter. Cabot Wealth Management Inc. lifted its position in Klaviyo by 1.0% during the 1st quarter. Cabot Wealth Management Inc. now owns 90,126 shares of the company's stock worth $2,727,000 after buying an additional 854 shares in the last quarter. Finally, California State Teachers Retirement System grew its holdings in Klaviyo by 1.8% during the 4th quarter. California State Teachers Retirement System now owns 49,997 shares of the company's stock worth $2,062,000 after acquiring an additional 864 shares during the last quarter. 45.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on KVYO. Stifel Nicolaus dropped their target price on shares of Klaviyo from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday, July 15th. Barclays boosted their price objective on shares of Klaviyo from $35.00 to $38.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Needham & Company LLC lowered their target price on Klaviyo from $56.00 to $45.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Cantor Fitzgerald upgraded Klaviyo to an "overweight" rating and set a $48.00 target price for the company in a research report on Tuesday, June 3rd. Finally, Scotiabank set a $35.00 price target on Klaviyo and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Eighteen equities 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 company. Based on data from MarketBeat, Klaviyo has a consensus rating of "Moderate Buy" and a consensus target price of $43.65.

Klaviyo Stock Performance

NYSE KVYO traded up $0.7220 during trading hours on Friday, hitting $32.7020. 669,808 shares of the company traded hands, compared to its average volume of 1,902,587. Klaviyo, Inc. has a twelve month low of $23.77 and a twelve month high of $49.55. The business's 50-day moving average is $32.53 and its 200-day moving average is $33.87. The stock has a market capitalization of $9.81 billion, a price-to-earnings ratio of -130.32 and a beta of 1.36.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $293.12 million during the quarter, compared to analysts' expectations of $275.97 million. During the same quarter last year, the company posted $0.15 earnings per share. The company's revenue for the quarter was up 31.9% compared to the same quarter last year. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts predict that Klaviyo, Inc. will post 0.04 EPS for the current year.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, CFO Amanda Whalen sold 15,000 shares of the company's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $31.66, for a total value of $474,900.00. Following the transaction, the chief financial officer directly owned 517,831 shares in the company, valued at $16,394,529.46. The trade was a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Landon Edmond sold 9,965 shares of the stock in a transaction dated 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 transaction, the insider directly owned 392,584 shares in the company, valued at $12,350,692.64. The trade was a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,087,383 shares of company stock worth $136,183,878 in the last three months. 49.92% of the stock is owned by insiders.

About Klaviyo

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.