Ballentine Partners LLC Takes $345,000 Position in Klaviyo, Inc. $KVYO

Key Points

• Ballentine Partners LLC has acquired a new position in Klaviyo, Inc., purchasing 10,262 shares valued at approximately $345,000 in the second quarter.
• Several institutional investors have increased their stakes in Klaviyo, with total institutional ownership now at 45.43%.
• Analysts have raised their price targets for Klaviyo, with recent targets ranging from $46.00 to $50.00, reflecting a consensus rating of "Moderate Buy."

Ballentine Partners LLC acquired a new stake in Klaviyo, Inc. (NYSE:KVYO - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,262 shares of the company's stock, valued at approximately $345,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Counterpoint Mutual Funds LLC acquired a new position in shares of Klaviyo in the second quarter valued at approximately $731,000. Moody National Bank Trust Division bought a new stake in Klaviyo in the second quarter valued at approximately $1,182,000. Wealth Enhancement Advisory Services LLC bought a new stake in Klaviyo in the second quarter valued at approximately $256,000. Parallel Advisors LLC boosted its holdings in Klaviyo by 17,273.3% in the second quarter. Parallel Advisors LLC now owns 2,606 shares of the company's stock valued at $88,000 after acquiring an additional 2,591 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Klaviyo by 162.0% in the first quarter. Acadian Asset Management LLC now owns 495,729 shares of the company's stock valued at $14,986,000 after acquiring an additional 306,496 shares during the last quarter. Institutional investors and hedge funds own 45.43% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Benchmark upped their target price on Klaviyo from $44.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Cantor Fitzgerald upgraded Klaviyo to an "overweight" rating and set a $48.00 target price on the stock in a report on Tuesday, June 3rd. Citigroup upgraded Klaviyo from a "neutral" rating to a "buy" rating and upped their target price for the company from $40.00 to $50.00 in a report on Thursday, August 7th. Morgan Stanley upgraded Klaviyo from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $40.00 to $50.00 in a report on Friday, September 19th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $50.00 target price (down from $55.00) on shares of Klaviyo in a report on Friday. Nineteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Klaviyo has a consensus rating of "Moderate Buy" and an average price target of $44.30.

Insider Transactions at Klaviyo

In other news, CEO Andrew Bialecki sold 226,702 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $31.50, for a total transaction of $7,141,113.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Amanda Whalen sold 15,000 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $31.32, for a total value of $469,800.00. Following the transaction, the chief financial officer directly owned 485,515 shares in the company, valued at $15,206,329.80. The trade was a 3.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,288,771 shares of company stock valued at $169,116,344 over the last ninety days. Company insiders own 53.24% of the company's stock.

Klaviyo Stock Performance

Klaviyo stock opened at $31.64 on Monday. The stock has a market capitalization of $9.49 billion, a price-to-earnings ratio of -126.54 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 50 day moving average price is $32.31 and its two-hundred day moving average price is $32.03.

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

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