Adage Capital Partners GP L.L.C. Trims Stock Holdings in Klaviyo, Inc. $KVYO

Adage Capital Partners GP L.L.C. lessened its stake in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) by 70.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 75,000 shares of the company's stock after selling 175,000 shares during the period. Adage Capital Partners GP L.L.C.'s holdings in Klaviyo were worth $2,270,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. CWM LLC grew its holdings in Klaviyo by 227.5% during the first quarter. CWM LLC now owns 930 shares of the company's stock valued at $28,000 after purchasing an additional 646 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Klaviyo by 5.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 14,285 shares of the company's stock valued at $589,000 after purchasing an additional 677 shares during the period. Cabot Wealth Management Inc. grew its holdings in Klaviyo by 1.0% during the first quarter. Cabot Wealth Management Inc. now owns 90,126 shares of the company's stock valued at $2,727,000 after purchasing an additional 854 shares during the period. California State Teachers Retirement System boosted its stake in shares of Klaviyo by 1.8% in the fourth 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 period. Finally, TFC Financial Management Inc. bought a new position in shares of Klaviyo in the first quarter worth about $27,000. Institutional investors own 45.43% of the company's stock.

Klaviyo Stock Performance

KVYO stock traded down $0.58 during midday trading on Friday, reaching $31.22. 961,598 shares of the company traded hands, compared to its average volume of 1,891,999. Klaviyo, Inc. has a 52-week low of $23.77 and a 52-week high of $49.55. The business has a 50 day moving average of $32.11 and a 200-day moving average of $32.35. The firm has a market capitalization of $9.36 billion, a price-to-earnings ratio of -125.04 and a beta of 1.36.

Klaviyo (NYSE:KVYO - Get Free Report) last issued its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $275.97 million. During the same period in the prior year, the business posted $0.15 earnings per share. 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. Research analysts anticipate that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Carmel Galvin sold 11,155 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $31.67, for a total value of $353,278.85. Following the completion of the sale, the insider directly owned 675,833 shares in the company, valued at $21,403,631.11. This trade represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Landon Edmond sold 9,965 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was 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 approximately $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 4,742,870 shares of company stock valued at $150,871,937 over the last 90 days. 49.92% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

KVYO has been the subject of several recent analyst reports. Citigroup upgraded Klaviyo from a "neutral" rating to a "buy" rating and upped their price target for the stock from $40.00 to $50.00 in a research note on Thursday, August 7th. TD Cowen upped their price target on Klaviyo from $45.00 to $46.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Macquarie restated a "neutral" rating and issued a $37.00 price target on shares of Klaviyo in a research note on Wednesday, August 6th. Piper Sandler upped their price target on Klaviyo from $40.00 to $55.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Finally, Stifel Nicolaus dropped their price target on Klaviyo from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday, July 15th. Eighteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $43.65.

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.