Clifford Group LLC Takes $417,000 Position in Klaviyo, Inc. $KVYO

Key Points

• Clifford Group LLC acquired a new stake in Klaviyo, Inc. valued at approximately $417,000, buying 13,783 shares in the first quarter of 2023.
• Klaviyo's quarterly earnings beat analysts' expectations with a revenue of $293.12 million, marking a year-over-year growth of 31.9%.
• Wall Street analysts have mixed ratings on Klaviyo, with a consensus of "Moderate Buy" and a target price of $43.65, amidst various changes in price objectives.

Clifford Group LLC purchased a new stake in Klaviyo, Inc. (NYSE:KVYO - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 13,783 shares of the company's stock, valued at approximately $417,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in KVYO. Wells Fargo & Company MN increased its stake in 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 acquiring an additional 1,920 shares during the period. Dimensional Fund Advisors LP increased its stake in 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 acquiring an additional 57,318 shares during the period. Tower Research Capital LLC TRC increased its stake in 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 acquiring an additional 818 shares during the period. Stifel Financial Corp bought a new position in Klaviyo during the fourth quarter valued at about $364,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Klaviyo by 862.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,485 shares of the company's stock valued at $2,413,000 after acquiring an additional 52,406 shares during the period. 45.43% of the stock is owned by institutional investors and hedge funds.

Klaviyo Price Performance

Shares of KVYO traded up $1.00 on Friday, hitting $32.15. The company's stock had a trading volume of 1,398,240 shares, compared to its average volume of 1,963,986. The company has a market capitalization of $9.64 billion, a PE ratio of -128.58 and a beta of 1.36. Klaviyo, Inc. has a fifty-two week low of $23.77 and a fifty-two week high of $49.55. The company has a 50 day moving average price of $32.22 and a 200 day moving average price of $32.57.

Klaviyo (NYSE:KVYO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.16 earnings per share for the quarter, topping 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 firm had revenue of $293.12 million during the quarter, compared to analysts' expectations of $275.97 million. During the same quarter in the previous year, the company posted $0.15 EPS. Klaviyo's revenue 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 analysts forecast that Klaviyo, Inc. will post 0.04 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Cantor Fitzgerald raised Klaviyo to an "overweight" rating and set a $48.00 price objective on the stock in a report on Tuesday, June 3rd. Macquarie reaffirmed a "neutral" rating and set a $37.00 price objective on shares of Klaviyo in a report on Wednesday, August 6th. Wells Fargo & Company raised Klaviyo from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $32.00 to $40.00 in a report on Friday, June 13th. Piper Sandler lifted their price objective on Klaviyo from $40.00 to $55.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Finally, Wall Street Zen downgraded Klaviyo from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Eighteen 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. Based on data from MarketBeat, Klaviyo currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.65.

Insider Transactions at Klaviyo

In related news, 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 value of $223,523.30. Following the completion of the transaction, the president owned 445,726 shares in the company, valued at $14,022,539.96. The trade was a 1.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Landon Edmond sold 9,965 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was 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 of the company's stock, valued at $12,350,692.64. This trade represents a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 537,389 shares of company stock worth $16,847,415 over the last ninety days. 49.92% of the stock is currently owned by insiders.

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.