Bienville Capital Management LLC Cuts Holdings in Klaviyo, Inc. $KVYO

Key Points

• Bienville Capital Management cut its Klaviyo position by 23.6% in the second quarter, selling 289,509 shares and retaining 938,354 shares worth approximately $14.2 million. Institutional investors and hedge funds collectively own 45.43% of Klaviyo.
• Klaviyo insiders sold heavily over the past 90 days, disposing of 5.19 million shares valued at about $92.3 million. Two reported August 31 transactions included sales by insider Landon Edmond and director Ed Hallen under pre-arranged Rule 10b5-1 plans.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $27.14, despite recent target reductions. Klaviyo shares opened at $16.23, while the company reported 26.4% year-over-year revenue growth to $370.6 million in its latest quarter.

Bienville Capital Management LLC lowered its position in Klaviyo, Inc. (NYSE:KVYO - Free Report) by 23.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 938,354 shares of the company's stock after selling 289,509 shares during the quarter. Klaviyo accounts for 1.9% of Bienville Capital Management LLC's investment portfolio, making the stock its 16th biggest position. Bienville Capital Management LLC owned 0.33% of Klaviyo worth $14,169,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in shares of Klaviyo by 59.4% in the 1st quarter. Royal Bank of Canada now owns 10,008 shares of the company's stock valued at $303,000 after purchasing an additional 3,730 shares in the last quarter. Amundi increased its position in Klaviyo by 109.7% during the 1st quarter. Amundi now owns 14,361 shares of the company's stock worth $400,000 after purchasing an additional 7,514 shares in the last quarter. AQR Capital Management LLC purchased a new position in Klaviyo in the first quarter valued at approximately $359,000. Woodline Partners LP lifted its position in Klaviyo by 54.5% during the first quarter. Woodline Partners LP now owns 12,419 shares of the company's stock valued at $376,000 after buying an additional 4,379 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Klaviyo by 40.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,158 shares of the company's stock valued at $4,483,000 after acquiring an additional 42,980 shares in the last quarter. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Landon Edmond sold 8,103 shares of the business's stock in a transaction on Monday, August 31st. The shares were sold at an average price of $20.44, for a total transaction of $165,625.32. Following the completion of the transaction, the insider owned 477,866 shares of the company's stock, valued at approximately $9,767,581.04. The trade was a 1.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ed Hallen sold 98,782 shares of the company's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $20.48, for a total transaction of $2,023,055.36. Following the transaction, the director owned 94,457 shares of the company's stock, valued at $1,934,479.36. This represents a 51.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 5,188,358 shares of company stock valued at $92,252,475. 37.42% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KVYO has been the subject of a number of recent analyst reports. Wells Fargo & Company set a $29.00 price target on shares of Klaviyo in a report on Thursday, August 6th. KeyCorp decreased their target price on Klaviyo from $35.00 to $29.00 and set an "overweight" rating for the company in a research report on Thursday, August 6th. Stifel Nicolaus dropped their price target on Klaviyo from $24.00 to $22.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Jefferies Financial Group restated a "buy" rating and set a $21.00 price objective on shares of Klaviyo in a research note on Thursday, August 6th. Finally, Piper Sandler decreased their price objective on shares of Klaviyo from $26.00 to $23.00 and set an "overweight" rating for the company in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $27.14.

Klaviyo Trading Down 9.3%

NYSE:KVYO opened at $16.23 on Thursday. The firm has a market capitalization of $4.62 billion, a PE ratio of 812.16 and a beta of 0.57. The stock has a 50 day moving average of $17.99 and a 200-day moving average of $17.41. Klaviyo, Inc. has a 52 week low of $12.53 and a 52 week high of $36.22.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Klaviyo had a return on equity of 5.67% and a net margin of 0.49%.The business had revenue of $370.58 million for the quarter, compared to the consensus estimate of $362.08 million. During the same quarter last year, the business posted $0.16 EPS. The business's revenue was up 26.4% on a year-over-year basis. As a group, analysts predict that Klaviyo, Inc. will post 0.2 EPS for the current fiscal 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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