53,070 Shares in Klaviyo, Inc. $KVYO Acquired by Algert Global LLC

Key Points

• Algert Global LLC invested approximately $1.61 million in Klaviyo, Inc., purchasing 53,070 shares during the first quarter.
• Several institutional investors, including Vanguard Group Inc. and D. E. Shaw & Co. Inc., have significantly increased their holdings in Klaviyo, contributing to 45.43% of the company's stock being held by institutional investors.
• Klaviyo recently reported an earnings per share (EPS) of $0.16, exceeding analyst expectations, and achieved revenue growth of 31.9% year-over-year.

Algert Global LLC purchased a new stake in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 53,070 shares of the company's stock, valued at approximately $1,606,000.

Other large investors have also recently bought and sold shares of the company. TFC Financial Management Inc. acquired a new position in Klaviyo during the first quarter valued at approximately $27,000. CWM LLC boosted its position 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 last quarter. Caitong International Asset Management Co. Ltd boosted its position in Klaviyo by 217.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,421 shares of the company's stock valued at $43,000 after purchasing an additional 974 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Klaviyo by 77.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company's stock valued at $77,000 after purchasing an additional 818 shares during the last quarter. Finally, KBC Group NV acquired a new position in Klaviyo during the first quarter valued at approximately $77,000. 45.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on KVYO. The Goldman Sachs Group reduced their price target on Klaviyo from $51.00 to $44.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Zacks Research upgraded Klaviyo to a "strong sell" rating in a research note on Friday, August 8th. Piper Sandler upped their price objective on Klaviyo from $40.00 to $55.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Wall Street Zen lowered Klaviyo from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Finally, TD Cowen upped their price objective on Klaviyo from $45.00 to $46.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Eighteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Klaviyo has a consensus rating of "Moderate Buy" and an average target price of $43.65.

Insider Buying and Selling at Klaviyo

In related news, 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 transaction of $313,498.90. Following the sale, the insider owned 392,584 shares of the company's stock, valued at $12,350,692.64. This represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Stephen Eric Rowland sold 7,105 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 $223,523.30. Following the sale, the president directly owned 445,726 shares in the company, valued at $14,022,539.96. This represents a 1.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,087,383 shares of company stock valued at $136,183,878 over the last ninety days. 53.24% of the stock is owned by corporate insiders.

Klaviyo Stock Performance

Shares of NYSE KVYO traded up $0.41 during trading hours on Wednesday, reaching $31.94. 657,089 shares of the stock were exchanged, compared to its average volume of 1,903,364. The firm has a market capitalization of $9.58 billion, a price-to-earnings ratio of -127.60 and a beta of 1.36. Klaviyo, Inc. has a 52 week low of $23.77 and a 52 week high of $49.55. The stock's fifty day simple moving average is $32.40 and its 200 day simple moving average is $33.45.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The company had revenue of $293.12 million for the quarter, compared to analyst estimates of $275.97 million. Klaviyo had a negative return on equity of 1.12% and a negative net margin of 6.19%.The firm's quarterly revenue was up 31.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 earnings per share. 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 fiscal year.

Klaviyo Company 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.