Caption Management LLC Acquires New Holdings in Klaviyo, Inc. $KVYO

Key Points

• Caption Management LLC acquired 13,962 shares of Klaviyo, Inc. valued at approximately $422,000 in the first quarter, indicating increased institutional investment in the company.
• Klaviyo's shares opened at $32.43, with a market cap of $9.73 billion and a PE ratio of -129.74, suggesting investors should be cautious about its valuation.
• Despite facing challenges such as a negative net margin of 6.19%, Klaviyo reported a 31.9% increase in quarterly revenue year-over-year, totaling $293.12 million.

Caption Management LLC bought a new stake in Klaviyo, Inc. (NYSE:KVYO - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,962 shares of the company's stock, valued at approximately $422,000.

A number of other large investors also recently made changes to their positions in KVYO. Wells Fargo & Company MN lifted its position in shares of Klaviyo by 45.2% during the fourth quarter. Wells Fargo & Company MN now owns 6,171 shares of the company's stock valued at $254,000 after purchasing an additional 1,920 shares in the last quarter. Barclays PLC lifted its position in shares of Klaviyo by 128.2% during the fourth quarter. Barclays PLC now owns 29,263 shares of the company's stock valued at $1,207,000 after purchasing an additional 16,438 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Klaviyo by 369.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 72,816 shares of the company's stock valued at $3,004,000 after purchasing an additional 57,318 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Klaviyo by 77.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company's stock valued at $77,000 after purchasing an additional 818 shares in the last quarter. Finally, Stifel Financial Corp bought a new position in shares of Klaviyo during the fourth quarter valued at about $364,000. 45.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Andrew Bialecki sold 223,304 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $31.00, for a total value of $6,922,424.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Stephen Eric Rowland sold 7,105 shares of the business's stock in a transaction that occurred 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 directly owned 445,726 shares in the company, valued at approximately $14,022,539.96. This trade represents a 1.57% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 537,389 shares of company stock valued at $16,847,415. Corporate insiders own 49.92% of the company's stock.

Klaviyo Trading Up 3.2%

Shares of NYSE:KVYO traded up $1.00 during mid-day trading on Friday, reaching $32.15. The company had a trading volume of 1,398,240 shares, compared to its average volume of 1,963,986. The firm has a market cap of $9.64 billion, a price-to-earnings ratio of -128.58 and a beta of 1.36. The company's 50-day moving average price is $32.22 and its 200-day moving average price is $32.67. Klaviyo, Inc. has a one year low of $23.77 and a one year high of $49.55.

Klaviyo (NYSE:KVYO - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $275.97 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The company's quarterly revenue was up 31.9% compared to the same quarter last year. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts anticipate that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on KVYO. Citigroup raised shares of Klaviyo from a "neutral" rating to a "buy" rating and raised their price target for the company from $40.00 to $50.00 in a research report on Thursday, August 7th. Cantor Fitzgerald raised shares of Klaviyo to an "overweight" rating and set a $48.00 price target on the stock in a research report on Tuesday, June 3rd. Zacks Research raised shares of Klaviyo to a "strong sell" rating in a research report on Friday, August 8th. Stifel Nicolaus reduced their target price on shares of Klaviyo from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Tuesday, July 15th. Finally, Piper Sandler raised their price target on shares of Klaviyo from $40.00 to $55.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Eighteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $43.65.

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.