AlphaQuest LLC Takes Position in Klaviyo, Inc. $KVYO

Key Points

• AlphaQuest LLC invested approximately $659,000 in Klaviyo by acquiring 21,766 shares during the 1st quarter.
• Insider selling activity has been notable, with CFO Amanda Whalen and President Stephen Eric Rowland both reducing their stakes in the company.
• Klaviyo's stock has seen price target adjustments from various analysts, with Stifel Nicolaus reducing it from $45.00 to $40.00 while maintaining a "buy" rating.

AlphaQuest LLC bought a new stake in Klaviyo, Inc. (NYSE:KVYO - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,766 shares of the company's stock, valued at approximately $659,000.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Klaviyo by 9.7% in the first 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 in the last quarter. Encompass More Asset Management purchased a new position in Klaviyo in the first quarter valued at about $549,000. WCM Investment Management LLC increased its holdings in Klaviyo by 27.7% in the first 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 in the last quarter. Bank of America Corp DE grew its position in shares of Klaviyo by 8.4% in the fourth 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. Finally, Whale Rock Capital Management LLC grew its position in shares of Klaviyo by 7.4% in the fourth quarter. Whale Rock Capital Management LLC now owns 3,868,451 shares of the company's stock valued at $159,535,000 after purchasing an additional 267,845 shares during the last quarter. 45.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wall Street Zen lowered shares of Klaviyo from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Zacks Research upgraded shares of Klaviyo to a "strong sell" rating in a research report on Friday, August 8th. Stifel Nicolaus lowered their price target on shares of Klaviyo from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Tuesday, July 15th. Needham & Company LLC lowered their price target on shares of Klaviyo from $56.00 to $45.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Finally, Macquarie reiterated a "neutral" rating and issued a $37.00 price target on shares of Klaviyo in a research report on Wednesday, August 6th. Eighteen 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, the company presently has a consensus rating of "Moderate Buy" and an average target price of $43.65.

Insider Buying and Selling

In other Klaviyo news, CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction on Friday, July 11th. The shares were sold at an average price of $31.66, for a total value of $474,900.00. Following the transaction, the chief financial officer owned 517,831 shares in the company, valued at $16,394,529.46. This trade represents a 2.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Landon Edmond sold 9,965 shares of Klaviyo stock in a transaction on Monday, August 18th. The shares were sold at an average price of $31.46, for a total transaction of $313,498.90. Following the completion of the transaction, the insider owned 392,584 shares in the company, valued at approximately $12,350,692.64. This trade represents a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,314,085 shares of company stock worth $143,324,991 over the last 90 days. Company insiders own 49.92% of the company's stock.

Klaviyo Stock Performance

NYSE KVYO traded down $0.08 during mid-day trading on Friday, reaching $32.43. 1,388,053 shares of the stock were exchanged, compared to its average volume of 1,896,814. Klaviyo, Inc. has a 1-year low of $23.77 and a 1-year high of $49.55. The business's fifty day simple moving average is $32.34 and its 200 day simple moving average is $33.32. The stock has a market capitalization of $9.73 billion, a PE ratio of -129.74 and a beta of 1.36.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.16 earnings per share for the quarter, beating 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 net margin of 6.19% and a negative return on equity of 1.12%. Klaviyo's revenue for the quarter was up 31.9% on a year-over-year basis. During the same quarter last year, the business earned $0.15 EPS. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts anticipate that Klaviyo, Inc. will post 0.04 EPS for the current year.

About Klaviyo

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.