Acadian Asset Management LLC Purchases 306,496 Shares of Klaviyo, Inc. $KVYO

Key Points

• Acadian Asset Management LLC increased its stake in Klaviyo, Inc. by 162.0% during Q1, acquiring an additional 306,496 shares to own a total of 495,729 shares worth approximately $14.99 million.
• Insider trading activity has seen CEO Andrew Bialecki sell 220,481 shares of Klaviyo, sparking a total of 4.74 million shares sold by insiders in the last three months.
• Analysts have issued varied ratings for Klaviyo, with 18 analysts giving it a Buy rating and a consensus price target of $43.65, reflecting a potential upside from its current trading price of approximately $31.78.

Acadian Asset Management LLC boosted its stake in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) by 162.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 495,729 shares of the company's stock after acquiring an additional 306,496 shares during the period. Acadian Asset Management LLC owned 0.17% of Klaviyo worth $14,986,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in KVYO. The Manufacturers Life Insurance Company increased its stake in Klaviyo by 5.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 14,285 shares of the company's stock worth $589,000 after acquiring an additional 677 shares during the period. Northern Trust Corp boosted its holdings in shares of Klaviyo by 16.2% in the 4th quarter. Northern Trust Corp now owns 187,888 shares of the company's stock valued at $7,749,000 after purchasing an additional 26,143 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Klaviyo by 8.4% in the 4th quarter. Bank of America Corp DE now owns 276,697 shares of the company's stock valued at $11,411,000 after purchasing an additional 21,425 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of Klaviyo in the 4th quarter valued at $277,000. Finally, Deutsche Bank AG increased its stake in shares of Klaviyo by 7,134.8% in the 4th quarter. Deutsche Bank AG now owns 94,921 shares of the company's stock valued at $3,915,000 after purchasing an additional 93,609 shares during the last quarter. Institutional investors own 45.43% of the company's stock.

Insider Transactions at Klaviyo

In other Klaviyo news, CEO Andrew Bialecki sold 220,481 shares of the company's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $31.96, for a total value of $7,046,572.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Landon Edmond sold 9,965 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 $313,498.90. Following the completion of the sale, the insider owned 392,584 shares in the company, valued at $12,350,692.64. This trade represents a 2.48% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,742,870 shares of company stock worth $150,871,937. 49.92% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Macquarie reiterated a "neutral" rating and issued a $37.00 price target on shares of Klaviyo in a research note on Wednesday, August 6th. Stifel Nicolaus decreased their price target on Klaviyo from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Tuesday, July 15th. Piper Sandler lifted their price target on Klaviyo from $40.00 to $55.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Wells Fargo & Company upgraded Klaviyo from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $32.00 to $40.00 in a research note on Friday, June 13th. Finally, Zacks Research upgraded Klaviyo to a "strong sell" rating in a research note on Friday, August 8th. Eighteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Klaviyo presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.65.

Klaviyo Stock Up 2.0%

NYSE KVYO opened at $31.78 on Friday. Klaviyo, Inc. has a twelve month low of $23.77 and a twelve month high of $49.55. The company has a market cap of $9.53 billion, a price-to-earnings ratio of -127.12 and a beta of 1.36. The business's fifty day moving average is $32.11 and its 200 day moving average is $32.35.

Klaviyo (NYSE:KVYO - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.16 earnings per share 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 company had revenue of $293.12 million for the quarter, compared to the consensus estimate of $275.97 million. During the same quarter last year, the business posted $0.15 EPS. Klaviyo's revenue for the quarter was up 31.9% on a year-over-year basis. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts anticipate 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.

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