Kerrisdale Advisers LLC Makes New Investment in Klaviyo, Inc. $KVYO

Key Points

• Kerrisdale Advisers acquired 91,120 Klaviyo shares worth approximately $1.38 million, while institutional investors overall own 45.43% of the company.
• Insiders sold roughly 5.03 million shares worth $89 million over the past 90 days, including a 5 million-share sale by major shareholder Summit Partners.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $27.14; Klaviyo recently reported $370.6 million in quarterly revenue, up 26.4% year over year, and met EPS expectations at $0.19.

Kerrisdale Advisers LLC acquired a new position in Klaviyo, Inc. (NYSE:KVYO - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 91,120 shares of the company's stock, valued at approximately $1,376,000.

Several other hedge funds also recently modified their holdings of KVYO. Morgan Stanley lifted its stake in Klaviyo by 36.1% during the 4th quarter. Morgan Stanley now owns 14,547,090 shares of the company's stock valued at $472,344,000 after acquiring an additional 3,855,160 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Klaviyo by 12.3% in the fourth quarter. Vanguard Group Inc. now owns 14,361,540 shares of the company's stock valued at $466,319,000 after purchasing an additional 1,573,812 shares during the last quarter. Capital International Investors purchased a new stake in shares of Klaviyo in the fourth quarter valued at about $415,254,000. Alliancebernstein L.P. lifted its position in shares of Klaviyo by 10.1% during the second quarter. Alliancebernstein L.P. now owns 4,424,249 shares of the company's stock valued at $148,566,000 after purchasing an additional 404,969 shares in the last quarter. Finally, Sands Capital Alternatives LLC lifted its position in shares of Klaviyo by 3.8% during the fourth quarter. Sands Capital Alternatives LLC now owns 3,649,678 shares of the company's stock valued at $118,505,000 after purchasing an additional 134,613 shares in the last quarter. Hedge funds and other institutional investors own 45.43% of the company's stock.

Insiders Place Their Bets

In related news, CFO Amanda Whalen sold 14,000 shares of the business's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $18.47, for a total transaction of $258,580.00. Following the sale, the chief financial officer directly owned 824,192 shares in the company, valued at approximately $15,222,826.24. The trade was a 1.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, major shareholder Summit Partners L. P sold 5,000,000 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $17.71, for a total value of $88,550,000.00. The disclosure for this sale is available in the SEC filing. Insiders sold 5,028,000 shares of company stock valued at $88,993,800 over the last ninety days. Corporate insiders own 37.42% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on KVYO. Scotiabank set a $32.00 price objective on shares of Klaviyo in a research note on Wednesday, June 17th. Citigroup lifted their price target on Klaviyo from $34.00 to $36.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Barclays cut their price objective on Klaviyo from $25.00 to $22.00 and set an "overweight" rating on the stock in a research report on Thursday, August 6th. Weiss Ratings downgraded Klaviyo from a "sell (d)" rating to a "sell (d-)" rating in a research note on Monday, August 24th. Finally, Wall Street Zen lowered Klaviyo from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Klaviyo presently has a consensus rating of "Moderate Buy" and an average price target of $27.14.

Klaviyo Stock Performance

Shares of Klaviyo stock opened at $20.13 on Monday. The stock has a market capitalization of $5.73 billion, a P/E ratio of 1,007.00 and a beta of 0.53. Klaviyo, Inc. has a 52-week low of $12.53 and a 52-week high of $36.22. The stock's 50-day simple moving average is $17.27 and its 200 day simple moving average is $17.40.

Klaviyo (NYSE:KVYO - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, hitting analysts' consensus estimates of $0.19. Klaviyo had a net margin of 0.49% and a return on equity of 5.67%. The firm had revenue of $370.58 million during the quarter, compared to analyst estimates of $362.08 million. During the same quarter last year, the business earned $0.16 earnings per share. The company's quarterly revenue was up 26.4% on a year-over-year basis. Equities research analysts forecast that Klaviyo, Inc. will post 0.2 EPS for the current fiscal year.

Klaviyo Company 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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