American Century Companies Inc. Cuts Stock Position in Klaviyo, Inc. $KVYO

Key Points

• American Century Companies cut its stake in Klaviyo by 21.1% in Q3, selling 566,503 shares and finishing the period with 2,118,977 shares (~0.71% of the company) valued at about $58.7 million.
• Corporate insiders have been net sellers recently — including CEO Andrew Bialecki (200,000 shares at $16.76) and Director Ed Hallen (117,550 shares at $30.36) — with insiders selling 1,565,555 shares worth $42.2 million in the last 90 days, though insiders still own ~49.9% of the company.
• Analysts have trimmed targets but the stock maintains a consensus Moderate Buy rating with an average price target of $34.24, while Klaviyo recently reported a revenue beat ($350.2M, +29.6% YoY) and the shares trade near $19.44.

American Century Companies Inc. cut its stake in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) by 21.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,118,977 shares of the company's stock after selling 566,503 shares during the period. American Century Companies Inc. owned about 0.71% of Klaviyo worth $58,675,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Klaviyo during the second quarter worth about $31,000. First Horizon Advisors Inc. purchased a new position in Klaviyo in the 2nd quarter valued at about $37,000. Osaic Holdings Inc. boosted its holdings in Klaviyo by 317.0% in the 2nd quarter. Osaic Holdings Inc. now owns 1,689 shares of the company's stock worth $55,000 after buying an additional 1,284 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in Klaviyo during the 2nd quarter worth approximately $89,000. Finally, Lazard Asset Management LLC purchased a new stake in Klaviyo during the 2nd quarter worth approximately $124,000. Institutional investors and hedge funds own 45.43% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on KVYO shares. Macquarie Infrastructure decreased their target price on Klaviyo from $37.00 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 11th. Truist Financial reduced their price objective on Klaviyo from $45.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, February 11th. TD Cowen restated a "buy" rating on shares of Klaviyo in a report on Wednesday, February 11th. Cantor Fitzgerald lowered their target price on shares of Klaviyo from $40.00 to $35.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 11th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $30.00 target price on shares of Klaviyo in a research report on Wednesday, February 11th. Nineteen 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 stock. Based on data from MarketBeat, Klaviyo currently has a consensus rating of "Moderate Buy" and an average price target of $34.24.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, Director Ed Hallen sold 117,550 shares of the company's stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $30.36, for a total value of $3,568,818.00. Following the transaction, the director owned 133,624 shares of the company's stock, valued at $4,056,824.64. This represents a 46.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andrew Bialecki sold 200,000 shares of the company's stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $16.76, for a total transaction of $3,352,000.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,565,555 shares of company stock worth $42,214,025. Corporate insiders own 49.92% of the company's stock.

Klaviyo Price Performance

Shares of NYSE KVYO opened at $19.44 on Thursday. The company has a market capitalization of $5.92 billion, a P/E ratio of -161.99 and a beta of 1.28. The company has a 50 day simple moving average of $23.57 and a 200-day simple moving average of $27.29. Klaviyo, Inc. has a 1 year low of $15.53 and a 1 year high of $40.60.

Klaviyo (NYSE:KVYO - Get Free Report) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $350.20 million during the quarter, compared to analyst estimates of $333.99 million. Klaviyo had a positive return on equity of 2.03% and a negative net margin of 2.57%.The firm's revenue for the quarter was up 29.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 earnings per share. As a group, research analysts expect that Klaviyo, Inc. will post 0.04 EPS for the current year.

Klaviyo Company Profile

Klaviyo, Inc is a cloud-based marketing automation platform that enables businesses to leverage customer data for targeted email and SMS campaigns. The company's platform centralizes first-party data from various sources—including e-commerce storefronts, websites, and CRM systems—to help organizations deliver personalized marketing across the customer lifecycle. Klaviyo's core offerings include segmented email marketing, automated messaging workflows, and performance analytics designed to drive customer engagement and revenue growth.

The platform provides a suite of tools for campaign creation and management, including drag-and-drop email and SMS builders, dynamic content rendering, and A/B testing capabilities.

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