Klaviyo, Inc. $KVYO Position Increased by Squarepoint Ops LLC

Squarepoint Ops LLC raised its stake in Klaviyo, Inc. (NYSE:KVYO - Free Report) by 1,343.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 962,136 shares of the company's stock after buying an additional 895,485 shares during the period. Squarepoint Ops LLC owned approximately 0.34% of Klaviyo worth $14,528,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of KVYO. Natixis Advisors LLC grew its holdings in shares of Klaviyo by 3.4% in the 3rd quarter. Natixis Advisors LLC now owns 11,397 shares of the company's stock worth $316,000 after acquiring an additional 372 shares during the last quarter. Pathstone Holdings LLC boosted its position in shares of Klaviyo by 0.5% in the 3rd quarter. Pathstone Holdings LLC now owns 173,931 shares of the company's stock valued at $4,816,000 after purchasing an additional 858 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in Klaviyo by 1,650.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company's stock worth $27,000 after purchasing an additional 908 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Klaviyo by 29.5% during the 4th quarter. Advisors Asset Management Inc. now owns 4,171 shares of the company's stock worth $135,000 after buying an additional 951 shares during the period. Finally, Orion Porfolio Solutions LLC lifted its stake in Klaviyo by 3.3% during the third quarter. Orion Porfolio Solutions LLC now owns 38,325 shares of the company's stock valued at $1,061,000 after buying an additional 1,236 shares in the last quarter. Institutional investors and hedge funds own 45.43% of the company's stock.

Klaviyo Price Performance

Shares of NYSE KVYO opened at $16.23 on Thursday. Klaviyo, Inc. has a one year low of $12.53 and a one year high of $36.22. The business's 50-day moving average price is $17.99 and its two-hundred day moving average price is $17.41. The company has a market capitalization of $4.62 billion, a P/E ratio of 812.16 and a beta of 0.57.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $370.58 million for the quarter, compared to analyst estimates of $362.08 million. Klaviyo had a net margin of 0.49% and a return on equity of 5.67%. Klaviyo's quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 EPS. On average, equities analysts anticipate that Klaviyo, Inc. will post 0.2 EPS for the current year.

Insiders Place Their Bets

In other news, Director Ed Hallen sold 98,782 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $20.48, for a total value of $2,023,055.36. Following the completion of the sale, the director directly owned 94,457 shares of the company's stock, valued at approximately $1,934,479.36. This represents a 51.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Summit Partners L. P sold 5,000,000 shares of the firm's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $17.71, for a total transaction of $88,550,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 5,188,358 shares of company stock worth $92,252,475 over the last quarter. 37.42% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on KVYO shares. Canaccord Genuity Group cut their price target on shares of Klaviyo from $32.00 to $29.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Weiss Ratings raised shares of Klaviyo from a "sell (d-)" rating to a "sell (d)" rating in a research note on Tuesday. BTIG Research lowered their price target on Klaviyo from $30.00 to $25.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Mizuho set a $28.00 price target on Klaviyo in a research report on Thursday, August 6th. Finally, Truist Financial decreased their price objective on Klaviyo from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Klaviyo has an average rating of "Moderate Buy" and an average target price of $27.14.

About Klaviyo

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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