Alliancebernstein L.P. Buys 23,064 Shares of Klaviyo, Inc. $KVYO

Key Points

• Alliancebernstein L.P. has increased its stake in Klaviyo, Inc. by 0.6% to a total of approximately $121.6 million, owning around 4 million shares.
• Insider trading activity included CFO Amanda Whalen selling 15,000 shares and CEO Andrew Bialecki selling 223,304 shares, indicating possible changes in management confidence.
• Klaviyo reported a better-than-expected quarterly earnings result of $0.16 per share, surpassing analyst estimates and showing a revenue growth of 31.9% year-over-year.

Alliancebernstein L.P. increased its stake in Klaviyo, Inc. (NYSE:KVYO - Free Report) by 0.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,019,280 shares of the company's stock after purchasing an additional 23,064 shares during the period. Alliancebernstein L.P. owned approximately 1.47% of Klaviyo worth $121,623,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Klaviyo by 9.7% during the 1st quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company's stock worth $256,240,000 after buying an additional 746,078 shares during the last quarter. Whale Rock Capital Management LLC boosted its position in shares of Klaviyo by 7.4% during the 4th quarter. Whale Rock Capital Management LLC now owns 3,868,451 shares of the company's stock worth $159,535,000 after acquiring an additional 267,845 shares in the last quarter. 1832 Asset Management L.P. boosted its position in 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 buying an additional 627,500 shares in the last quarter. Lord Abbett & CO. LLC boosted its position in Klaviyo by 105.6% in the first quarter. Lord Abbett & CO. LLC now owns 1,538,220 shares of the company's stock valued at $46,546,000 after buying an additional 790,146 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of Klaviyo by 195.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,310,227 shares of the company's stock worth $54,034,000 after purchasing an additional 866,749 shares during the period. 45.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KVYO has been the subject of a number of analyst reports. TD Cowen lifted their target price on shares of Klaviyo from $45.00 to $46.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Cantor Fitzgerald upgraded shares of Klaviyo to an "overweight" rating and set a $48.00 price objective for the company in a report on Tuesday, June 3rd. Citigroup upgraded shares of Klaviyo from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $40.00 to $50.00 in a report on Thursday, August 7th. Stifel Nicolaus cut their price target on shares of Klaviyo from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Tuesday, July 15th. Finally, Wall Street Zen cut shares of Klaviyo from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.65.

Klaviyo Price Performance

Shares of Klaviyo stock traded up $1.00 during trading on Friday, reaching $32.15. The company's stock had a trading volume of 1,398,240 shares, compared to its average volume of 1,935,468. Klaviyo, Inc. has a 52-week low of $23.77 and a 52-week high of $49.55. The firm's 50-day moving average is $32.22 and its two-hundred day moving average is $32.57.

Klaviyo (NYSE:KVYO - Get Free Report) last announced 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 net margin of 6.19% and a negative return on equity of 1.12%. The company had revenue of $293.12 million during the quarter, compared to analysts' expectations of $275.97 million. During the same quarter in the prior year, the company earned $0.15 EPS. The firm's revenue was up 31.9% on a year-over-year basis. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts expect that Klaviyo, Inc. will post 0.04 EPS for the current year.

Insider Buying and Selling

In other Klaviyo news, President Stephen Eric Rowland sold 7,105 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $31.46, for a total transaction of $223,523.30. Following the completion of the sale, the president owned 445,726 shares of the company's stock, valued at $14,022,539.96. This represents a 1.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew Bialecki sold 223,304 shares of the stock in a transaction on Tuesday, September 2nd. The shares were 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. Insiders have sold 537,389 shares of company stock worth $16,847,415 in the last ninety days. 53.24% of the stock is currently owned by insiders.

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.