16,690 Shares in Klaviyo, Inc. $KVYO Acquired by FORA Capital LLC

Key Points

• FORA Capital LLC acquired a new stake in Klaviyo, Inc., purchasing 16,690 shares valued at approximately $505,000 in the first quarter.
• Analysts have mixed ratings for Klaviyo, with Zacks Research designating it a "strong sell" while other firms like Piper Sandler have increased their price targets significantly.
• Klaviyo reported a revenue increase of 31.9% year-over-year, reaching $293.12 million for the quarter ending August 5th, surpassing analyst expectations.

FORA Capital LLC purchased a new stake in Klaviyo, Inc. (NYSE:KVYO - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,690 shares of the company's stock, valued at approximately $505,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. TFC Financial Management Inc. acquired a new stake in shares of Klaviyo in the first quarter valued at approximately $27,000. CWM LLC boosted its position in shares of Klaviyo by 227.5% during the 1st quarter. CWM LLC now owns 930 shares of the company's stock worth $28,000 after acquiring an additional 646 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Klaviyo by 217.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,421 shares of the company's stock worth $43,000 after acquiring an additional 974 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Klaviyo by 77.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company's stock worth $77,000 after acquiring an additional 818 shares in the last quarter. Finally, KBC Group NV acquired a new stake in shares of Klaviyo during the 1st quarter worth approximately $77,000. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Klaviyo Trading Down 4.8%

Shares of NYSE KVYO traded down $1.55 during midday trading on Tuesday, reaching $30.90. The company had a trading volume of 945,749 shares, compared to its average volume of 1,890,902. The business's 50-day simple moving average is $32.35 and its 200 day simple moving average is $32.91. The stock has a market cap of $9.27 billion, a P/E ratio of -123.39 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 released its quarterly earnings data on Tuesday, August 5th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The business had revenue of $293.12 million for the quarter, compared to the consensus estimate of $275.97 million. Klaviyo had a negative net margin of 6.19% and a negative return on equity of 1.12%. The business's revenue for the quarter was up 31.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS. 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.

Insider Activity

In other news, insider Carmel Galvin sold 11,155 shares of the 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 transaction, the insider owned 675,833 shares in the company, valued at $21,403,631.11. This trade represents a 1.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew Bialecki sold 226,702 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $31.50, for a total value of $7,141,113.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,314,085 shares of company stock worth $143,324,991. 53.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

KVYO has been the subject of several research analyst reports. Wall Street Zen downgraded Klaviyo from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Macquarie reiterated a "neutral" rating and set a $37.00 price objective on shares of Klaviyo in a research report on Wednesday, August 6th. Zacks Research upgraded shares of Klaviyo to a "strong sell" rating in a research report on Friday, August 8th. Stifel Nicolaus lowered their price objective 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, Needham & Company LLC lowered their price objective on shares of Klaviyo from $56.00 to $45.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Eighteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Klaviyo has a consensus rating of "Moderate Buy" and a consensus target price of $43.65.

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.