Klaviyo, Inc. $KVYO Position Lessened by Dakota Wealth Management

Key Points

• Dakota Wealth Management reduced its stake in Klaviyo, Inc. by 70.9% during the 2nd quarter, leaving them with 12,942 shares valued at approximately $435,000.
• Other hedge funds, including Vanguard Group Inc. and Lord Abbett & CO. LLC, increased their holdings in Klaviyo during the first quarter, with Vanguard owning over 8.4 million shares worth $256 million.
• Klaviyo reported a positive earnings surprise for the last quarter with an EPS of $0.16, surpassing the expected $0.13, and its revenue increased by 31.9% year-over-year.

Dakota Wealth Management trimmed its position in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) by 70.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,942 shares of the company's stock after selling 31,493 shares during the period. Dakota Wealth Management's holdings in Klaviyo were worth $435,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Klaviyo by 9.7% during the first quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company's stock worth $256,240,000 after acquiring an additional 746,078 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Klaviyo by 0.6% during the first quarter. Alliancebernstein L.P. now owns 4,019,280 shares of the company's stock worth $121,623,000 after acquiring an additional 23,064 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in shares of Klaviyo by 38.7% during the first quarter. 1832 Asset Management L.P. now owns 2,248,800 shares of the company's stock worth $68,049,000 after acquiring an additional 627,500 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of Klaviyo by 105.6% during the first quarter. Lord Abbett & CO. LLC now owns 1,538,220 shares of the company's stock worth $46,546,000 after acquiring an additional 790,146 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of Klaviyo by 85.4% during the first quarter. Raymond James Financial Inc. now owns 545,159 shares of the company's stock worth $16,497,000 after acquiring an additional 251,104 shares in the last quarter. 45.43% of the stock is currently owned by hedge funds and other institutional investors.

Klaviyo Stock Performance

Shares of NYSE:KVYO opened at $31.64 on Monday. The company has a market cap of $9.49 billion, a P/E ratio of -126.54 and a beta of 1.36. The stock's 50-day moving average is $32.31 and its 200-day moving average is $32.03. Klaviyo, Inc. has a 52-week low of $23.77 and a 52-week high of $49.55.

Klaviyo (NYSE:KVYO - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $293.12 million for the quarter, compared to the consensus estimate of $275.97 million. Klaviyo had a negative return on equity of 1.12% and a negative net margin of 6.19%.The firm's revenue was up 31.9% compared to the same quarter last year. During the same period last year, the business posted $0.15 earnings per share. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts predict that Klaviyo, Inc. will post 0.04 EPS for the current year.

Insider Buying and Selling

In related news, CFO Amanda Whalen sold 15,000 shares of the business's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $31.50, for a total transaction of $472,500.00. Following the transaction, the chief financial officer directly owned 481,719 shares in the company, valued at $15,174,148.50. The trade was a 3.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ledger Susan St. sold 3,413 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $32.20, for a total value of $109,898.60. Following the completion of the transaction, the director directly owned 10,939 shares of the company's stock, valued at approximately $352,235.80. This trade represents a 23.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,288,771 shares of company stock valued at $169,116,344 in the last quarter. Insiders own 53.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Needham & Company LLC restated a "buy" rating and set a $45.00 target price on shares of Klaviyo in a report on Friday. Stifel Nicolaus cut their target price on Klaviyo from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Tuesday, July 15th. Citigroup upgraded Klaviyo from a "neutral" rating to a "buy" rating and raised their target price for the company from $40.00 to $50.00 in a report on Thursday, August 7th. Zacks Research upgraded Klaviyo to a "strong sell" rating in a report on Friday, August 8th. Finally, Morgan Stanley upgraded Klaviyo from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $40.00 to $50.00 in a report on Friday, September 19th. Nineteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $44.30.

Klaviyo Company 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.

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