Klaviyo, Inc. $KVYO Stock Holdings Lowered by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its holdings in Klaviyo, Inc. by 3.1%, selling 14,298 shares and now owning 450,161 shares with a total value of approximately $13.6 million.
• Analysts express a positive outlook for Klaviyo, with 18 rating it as a Buy and an average target price of $43.65, reflecting confidence in the company's growth potential.
• Despite its growth, Klaviyo posted a negative return on equity of 1.12% and a negative net margin of 6.19%, indicating challenges profitability-wise even while revenue grew by 31.9% year-over-year.

Charles Schwab Investment Management Inc. trimmed its position in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) by 3.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 450,161 shares of the company's stock after selling 14,298 shares during the period. Charles Schwab Investment Management Inc. owned about 0.16% of Klaviyo worth $13,622,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Klaviyo by 9.7% during the 1st quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company's stock valued at $256,240,000 after purchasing an additional 746,078 shares during the last quarter. Whale Rock Capital Management LLC grew its holdings in Klaviyo by 7.4% during the 4th 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. D. E. Shaw & Co. Inc. grew its stake in Klaviyo by 195.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,310,227 shares of the company's stock worth $54,034,000 after acquiring an additional 866,749 shares in the last quarter. Two Sigma Investments LP grew its stake in Klaviyo by 53.1% in the 4th quarter. Two Sigma Investments LP now owns 1,124,433 shares of the company's stock worth $46,372,000 after acquiring an additional 389,779 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in Klaviyo by 48.2% in the 4th quarter. Two Sigma Advisers LP now owns 997,900 shares of the company's stock worth $41,153,000 after acquiring an additional 324,400 shares in the last quarter. 45.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KVYO. Macquarie restated a "neutral" rating and issued a $37.00 target price on shares of Klaviyo in a research note on Wednesday, August 6th. Barclays increased their price objective on shares of Klaviyo from $35.00 to $38.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Needham & Company LLC dropped their price objective on shares of Klaviyo from $56.00 to $45.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Piper Sandler increased their price objective on shares of Klaviyo from $40.00 to $55.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group dropped their price objective on shares of Klaviyo from $51.00 to $44.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Eighteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $43.65.

Insider Activity at Klaviyo

In other Klaviyo news, insider Landon Edmond sold 9,965 shares of Klaviyo stock in a transaction dated 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. The trade was a 2.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Amanda Whalen sold 15,000 shares of the business's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $31.32, for a total transaction of $469,800.00. Following the completion of the transaction, the chief financial officer directly owned 485,515 shares of the company's stock, valued at approximately $15,206,329.80. This represents a 3.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,087,383 shares of company stock worth $136,183,878 over the last 90 days. 49.92% of the stock is currently owned by corporate insiders.

Klaviyo Trading Up 2.4%

Shares of NYSE KVYO traded up $0.78 during midday trading on Thursday, reaching $32.86. The company had a trading volume of 453,443 shares, compared to its average volume of 1,896,708. The business's 50-day simple moving average is $32.37 and its 200 day simple moving average is $33.44. The stock has a market cap of $9.86 billion, a P/E ratio of -131.42 and a beta of 1.36. Klaviyo, Inc. has a 1 year low of $23.77 and a 1 year high of $49.55.

Klaviyo (NYSE:KVYO - Get Free Report) last issued its quarterly earnings data 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 net margin of 6.19% and a negative return on equity of 1.12%. The business had revenue of $293.12 million during the quarter, compared to the consensus estimate of $275.97 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The company's 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. Analysts predict that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

Klaviyo 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.