Jump Financial LLC Takes $3.25 Million Position in Klaviyo, Inc. $KVYO

Key Points

• Jump Financial LLC has acquired a new position in Klaviyo, Inc., purchasing 107,356 shares valued at approximately $3.25 million.
• Klaviyo, Inc. reported Q2 earnings with an EPS of $0.16, exceeding analysts' expectations, and a revenue of $293.12 million, a 31.9% increase year-over-year.
• Analyst ratings for the stock are predominantly positive, with a consensus rating of "Moderate Buy" and a target price averaging $43.65.

Jump Financial LLC bought a new position in Klaviyo, Inc. (NYSE:KVYO - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 107,356 shares of the company's stock, valued at approximately $3,249,000.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Klaviyo by 9.7% during the 1st quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company's stock worth $256,240,000 after purchasing an additional 746,078 shares during the last quarter. Whale Rock Capital Management LLC increased its stake in Klaviyo by 7.4% during the fourth quarter. Whale Rock Capital Management LLC now owns 3,868,451 shares of the company's stock valued at $159,535,000 after acquiring an additional 267,845 shares during the period. 1832 Asset Management L.P. increased its stake in Klaviyo by 38.7% during the first quarter. 1832 Asset Management L.P. now owns 2,248,800 shares of the company's stock valued at $68,049,000 after acquiring an additional 627,500 shares during the period. Lord Abbett & CO. LLC increased its stake in Klaviyo by 105.6% during the first quarter. Lord Abbett & CO. LLC now owns 1,538,220 shares of the company's stock valued at $46,546,000 after acquiring an additional 790,146 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its stake in Klaviyo by 195.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,310,227 shares of the company's stock valued at $54,034,000 after acquiring an additional 866,749 shares during the period. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Klaviyo

In other news, CFO Amanda Whalen sold 15,000 shares of the firm'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 sale, the chief financial officer owned 485,515 shares in the company, valued at $15,206,329.80. This trade represents a 3.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Stephen Eric Rowland sold 7,105 shares of Klaviyo stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $31.46, for a total transaction of $223,523.30. Following the completion of the transaction, the president owned 445,726 shares of the company's stock, valued at $14,022,539.96. This represents a 1.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,314,085 shares of company stock worth $143,324,991 over the last 90 days. Corporate insiders own 49.92% of the company's stock.

Klaviyo Price Performance

Shares of KVYO stock traded down $0.08 on Friday, reaching $32.43. 1,388,053 shares of the company were exchanged, compared to its average volume of 2,705,445. Klaviyo, Inc. has a one year low of $23.77 and a one year high of $49.55. The company has a market cap of $9.73 billion, a price-to-earnings ratio of -129.74 and a beta of 1.36. The company has a 50-day moving average of $32.35 and a 200-day moving average of $33.12.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.16 earnings per share 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 analysts' expectations of $275.97 million. Klaviyo had a negative net margin of 6.19% and a negative return on equity of 1.12%. The firm's revenue for the quarter was up 31.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 EPS. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts predict that Klaviyo, Inc. will post 0.04 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on KVYO. Wells Fargo & Company raised Klaviyo from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $32.00 to $40.00 in a research note on Friday, June 13th. Piper Sandler raised their price objective on Klaviyo from $40.00 to $55.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Needham & Company LLC dropped their price objective on Klaviyo from $56.00 to $45.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Stifel Nicolaus dropped their price objective on Klaviyo from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Tuesday, July 15th. Finally, The Goldman Sachs Group lowered their target price on Klaviyo from $51.00 to $44.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Eighteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Klaviyo currently has a consensus rating of "Moderate Buy" and a consensus price target 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.