24,767 Shares in Klaviyo, Inc. $KVYO Bought by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd has acquired 24,767 shares of Klaviyo, Inc. valued at approximately $749,000, signaling institutional interest in the stock.
• Several hedge funds, including Vanguard Group Inc. and Lord Abbett & CO. LLC, have increased their stakes in Klaviyo, contributing to a strong institutional ownership of 45.43% in the company.
• Klaviyo recently reported better-than-expected quarterly earnings with a revenue increase of 31.9% year-over-year, while the stock has seen varied analyst ratings, including a "buy" and an average price target of $43.65.

Dynamic Technology Lab Private Ltd acquired a new stake in Klaviyo, Inc. (NYSE:KVYO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,767 shares of the company's stock, valued at approximately $749,000.

Several other hedge funds also recently made changes to their positions in KVYO. Vanguard Group Inc. lifted its holdings in shares of Klaviyo by 9.7% in the 1st quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company's stock valued at $256,240,000 after purchasing an additional 746,078 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Klaviyo by 0.6% in the first quarter. Alliancebernstein L.P. now owns 4,019,280 shares of the company's stock valued at $121,623,000 after buying an additional 23,064 shares during the last quarter. Whale Rock Capital Management LLC boosted its holdings in shares of Klaviyo by 7.4% in the fourth quarter. Whale Rock Capital Management LLC now owns 3,868,451 shares of the company's stock valued at $159,535,000 after acquiring an additional 267,845 shares during the period. 1832 Asset Management L.P. boosted its holdings in shares of Klaviyo by 38.7% in the first quarter. 1832 Asset Management L.P. now owns 2,248,800 shares of the company's stock valued at $68,049,000 after acquiring an additional 627,500 shares during the period. Finally, Lord Abbett & CO. LLC grew its position in shares of Klaviyo by 105.6% during the first 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. Hedge funds and other institutional investors own 45.43% of the company's stock.

Wall Street Analysts Forecast Growth

KVYO has been the subject of a number of recent research reports. Stifel Nicolaus decreased their price target 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. Macquarie reiterated a "neutral" rating and set a $37.00 target price on shares of Klaviyo in a research note on Wednesday, August 6th. Piper Sandler boosted their price target on Klaviyo from $40.00 to $55.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Zacks Research raised Klaviyo to a "strong sell" rating in a research note on Friday, August 8th. Finally, Wells Fargo & Company upgraded Klaviyo from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $32.00 to $40.00 in a research note on Friday, June 13th. 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's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $43.65.

Klaviyo Trading Up 2.9%

Shares of KVYO opened at $33.14 on Tuesday. The stock's 50 day moving average is $32.21 and its two-hundred day moving average is $32.43. Klaviyo, Inc. has a twelve month low of $23.77 and a twelve month high of $49.55. The firm has a market capitalization of $9.94 billion, a PE ratio of -132.54 and a beta of 1.36.

Klaviyo (NYSE:KVYO - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. Klaviyo had a negative return on equity of 1.12% and a negative net margin of 6.19%.The business had revenue of $293.12 million during the quarter, compared to analysts' expectations of $275.97 million. During the same period last year, the firm earned $0.15 EPS. The company's quarterly revenue 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. On average, sell-side analysts predict that Klaviyo, Inc. will post 0.04 EPS for the current year.

Insider Activity at Klaviyo

In related news, President Stephen Eric Rowland sold 7,105 shares of the firm'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 completion of the sale, the president owned 445,726 shares in the company, valued at $14,022,539.96. This trade 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 is available at this link. Also, CEO Andrew Bialecki sold 223,304 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $31.00, for a total transaction of $6,922,424.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 537,389 shares of company stock worth $16,847,415. 53.24% of the stock is currently 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.

Want to see what other hedge funds are holding KVYO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Klaviyo, Inc. (NYSE:KVYO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.