3G Capital Partners LP Makes New $3.03 Million Investment in Klaviyo, Inc. $KVYO

Key Points

• 3G Capital Partners LP has acquired 100,000 shares in Klaviyo, Inc. for approximately $3.03 million, making it the firm's 15th largest holding.
• Klaviyo reported a 31.9% increase in revenue year-over-year with earnings per share of $0.16, surpassing expectations.
• Investment analysts have a "Moderate Buy" rating for Klaviyo, with an average price target of $43.65, reflecting positive market sentiment.

3G Capital Partners LP bought a new stake in Klaviyo, Inc. (NYSE:KVYO - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 100,000 shares of the company's stock, valued at approximately $3,026,000. Klaviyo comprises about 0.9% of 3G Capital Partners LP's holdings, making the stock its 15th largest position.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position 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 buying an additional 746,078 shares during the last quarter. Encompass More Asset Management purchased a new position in shares of Klaviyo in the 1st quarter valued at $549,000. Raymond James Financial Inc. grew its position in shares of Klaviyo by 85.4% in the 1st quarter. Raymond James Financial Inc. now owns 545,159 shares of the company's stock valued at $16,497,000 after buying an additional 251,104 shares during the last quarter. WCM Investment Management LLC grew its position in shares of Klaviyo by 27.7% in the 1st quarter. WCM Investment Management LLC now owns 390,119 shares of the company's stock valued at $12,101,000 after buying an additional 84,715 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in Klaviyo during the 1st quarter worth $3,249,000. 45.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Klaviyo

In related news, insider Carmel Galvin sold 11,155 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $31.67, for a total value of $353,278.85. Following the completion of the transaction, the insider owned 675,833 shares in the company, valued at $21,403,631.11. This represents a 1.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Amanda Whalen sold 15,000 shares of the company's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $31.66, for a total transaction of $474,900.00. Following the completion of the sale, the chief financial officer directly owned 517,831 shares of the company's stock, valued at $16,394,529.46. The trade was a 2.82% 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 worth $16,847,415 over the last ninety days. Insiders own 49.92% of the company's stock.

Analyst Ratings Changes

KVYO has been the topic of several research reports. Cantor Fitzgerald raised shares of Klaviyo to an "overweight" rating and set a $48.00 price objective on the stock in a research report on Tuesday, June 3rd. Wells Fargo & Company upgraded shares of Klaviyo from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $32.00 to $40.00 in a research note on Friday, June 13th. Wall Street Zen cut shares of Klaviyo from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. TD Cowen raised their target price on shares of Klaviyo from $45.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, 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. 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 company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.65.

Klaviyo Trading Up 3.2%

KVYO traded up $1.00 on Friday, reaching $32.15. The company had a trading volume of 1,398,240 shares, compared to its average volume of 1,963,986. The company has a fifty day moving average of $32.22 and a 200-day moving average of $32.67. The company has a market capitalization of $9.64 billion, a P/E ratio of -128.58 and a beta of 1.36. Klaviyo, Inc. has a one year low of $23.77 and a one year high of $49.55.

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