JPMorgan Chase & Co. Buys 214,977 Shares of Klaviyo, Inc. $KVYO

Key Points

• JPMorgan Chase & Co. increased its stake in Klaviyo by 12.7% in Q3, buying 214,977 shares to hold 1,907,831 shares (about 0.63% of the company) worth roughly $52.8 million.
• Several analysts have lowered price targets to $30, but the consensus remains a Moderate Buy with a $34.24 target and a breakdown of 19 Buys, 3 Holds and 1 Sell.
• Insiders have been net sellers recently — CEO Andrew Bialecki sold 206,827 shares and insiders sold about 1,592,230 shares (~$36.2M) in the last quarter, though insiders still own ~49.92% of the stock.

JPMorgan Chase & Co. grew its stake in Klaviyo, Inc. (NYSE:KVYO - Free Report) by 12.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,907,831 shares of the company's stock after purchasing an additional 214,977 shares during the period. JPMorgan Chase & Co. owned about 0.63% of Klaviyo worth $52,828,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd lifted its stake in shares of Klaviyo by 1,650.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company's stock valued at $27,000 after buying an additional 908 shares during the period. Quarry LP bought a new position in Klaviyo during the third quarter valued at about $44,000. Osaic Holdings Inc. raised its holdings in Klaviyo by 317.0% in the 2nd quarter. Osaic Holdings Inc. now owns 1,689 shares of the company's stock valued at $55,000 after acquiring an additional 1,284 shares in the last quarter. RiverPark Advisors LLC bought a new stake in shares of Klaviyo in the 3rd quarter worth approximately $69,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Klaviyo during the 2nd quarter worth approximately $89,000. Institutional investors own 45.43% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. TD Cowen restated a "buy" rating on shares of Klaviyo in a research note on Wednesday, February 11th. Wells Fargo & Company dropped their price objective on shares of Klaviyo from $40.00 to $30.00 and set an "overweight" rating for the company in a research note on Wednesday, February 11th. Piper Sandler reiterated an "overweight" rating and set a $30.00 target price on shares of Klaviyo in a research report on Wednesday, February 11th. Needham & Company LLC lowered their target price on shares of Klaviyo from $45.00 to $30.00 and set a "buy" rating on the stock in a research note on Wednesday, February 11th. Finally, Zacks Research lowered shares of Klaviyo from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 29th. Nineteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.24.

Klaviyo Trading Down 0.5%

Shares of Klaviyo stock opened at $18.57 on Friday. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of -154.77 and a beta of 1.28. Klaviyo, Inc. has a 1-year low of $15.53 and a 1-year high of $37.79. The firm's 50-day moving average price is $20.91 and its two-hundred day moving average price is $26.29.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its earnings results on Tuesday, February 10th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. The business had revenue of $350.20 million for the quarter, compared to the consensus estimate of $333.99 million. Klaviyo had a positive return on equity of 2.03% and a negative net margin of 2.57%.Klaviyo's revenue was up 29.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 EPS. As a group, equities research analysts predict that Klaviyo, Inc. will post 0.04 EPS for the current year.

Insider Buying and Selling

In other Klaviyo news, CEO Andrew Bialecki sold 206,827 shares of the business's stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $19.96, for a total value of $4,128,266.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders sold a total of 1,592,230 shares of company stock valued at $36,185,830 over the last quarter. 49.92% of the stock is currently owned by insiders.

Klaviyo Profile

Klaviyo, Inc is a cloud-based marketing automation platform that enables businesses to leverage customer data for targeted email and SMS campaigns. The company's platform centralizes first-party data from various sources—including e-commerce storefronts, websites, and CRM systems—to help organizations deliver personalized marketing across the customer lifecycle. Klaviyo's core offerings include segmented email marketing, automated messaging workflows, and performance analytics designed to drive customer engagement and revenue growth.

The platform provides a suite of tools for campaign creation and management, including drag-and-drop email and SMS builders, dynamic content rendering, and A/B testing capabilities.

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