Focus Partners Wealth Trims Holdings in Klaviyo, Inc. $KVYO

Key Points

• Focus Partners Wealth has reduced its holdings in Klaviyo, Inc. (NYSE:KVYO) by 2.6%, now owning approximately 917,613 shares valued at $27.77 million as of their latest filing.
• Klaviyo announced a quarterly earnings report showing $0.16 EPS, surpassing estimates, with revenue up 31.9% year-over-year, reaching $293.12 million.
• Recent analyst ratings for Klaviyo include a mix of downgrades and target price adjustments, with an average rating of "Moderate Buy" and a consensus price target of $43.65.

Focus Partners Wealth decreased its holdings in Klaviyo, Inc. (NYSE:KVYO - Free Report) by 2.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 917,613 shares of the company's stock after selling 24,910 shares during the period. Focus Partners Wealth owned about 0.31% of Klaviyo worth $27,767,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TFC Financial Management Inc. purchased a new stake in Klaviyo in the first quarter worth $27,000. CWM LLC increased its stake in shares of Klaviyo by 227.5% during the first quarter. CWM LLC now owns 930 shares of the company's stock valued at $28,000 after buying an additional 646 shares during the period. State of Wyoming purchased a new position in shares of Klaviyo during the first quarter valued at $42,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Klaviyo by 217.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,421 shares of the company's stock valued at $43,000 after buying an additional 974 shares during the period. Finally, KBC Group NV purchased a new position in shares of Klaviyo during the first quarter valued at $77,000. Hedge funds and other institutional investors own 45.43% of the company's stock.

Klaviyo Stock Up 2.0%

Klaviyo stock opened at $31.78 on Friday. Klaviyo, Inc. has a 52 week low of $23.77 and a 52 week high of $49.55. The company has a market capitalization of $9.53 billion, a price-to-earnings ratio of -127.12 and a beta of 1.36. The stock has a 50-day moving average price of $32.11 and a 200 day moving average price of $32.35.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $275.97 million. During the same period in the previous year, the company posted $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. Research analysts anticipate that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KVYO. Benchmark raised their price target on Klaviyo from $44.00 to $46.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen lowered Klaviyo from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Stifel Nicolaus cut their price target on Klaviyo from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Tuesday, July 15th. TD Cowen raised their price target on Klaviyo from $45.00 to $46.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, Cantor Fitzgerald upgraded Klaviyo to an "overweight" rating and set a $48.00 target price on the stock in a research note on Tuesday, June 3rd. Eighteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Klaviyo has an average rating of "Moderate Buy" and a consensus price target of $43.65.

Insiders Place Their Bets

In related news, insider Carmel Galvin sold 11,155 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $31.67, for a total transaction of $353,278.85. Following the completion of the sale, the insider directly owned 675,833 shares in the company, valued at approximately $21,403,631.11. The trade was a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $31.46, for a total value of $223,523.30. Following the sale, the president owned 445,726 shares of the company's stock, valued at $14,022,539.96. The trade was a 1.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,742,870 shares of company stock valued at $150,871,937. 49.92% of the stock is 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.

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