Osterweis Capital Management Inc. Has $9.72 Million Position in Klaviyo, Inc. $KVYO

Key Points

• Osterweis Capital Management Inc. reduced its holdings in Klaviyo, Inc. by 3.7%, now owning 321,213 shares worth approximately $9.72 million.
• Various institutional investors, including D. E. Shaw & Co. and Ameriprise Financial Inc., increased their stakes significantly in Klaviyo during recent quarters, indicating robust investor interest.
• Research analysts maintain a consensus rating of "Moderate Buy" for Klaviyo stock, with target price estimates ranging from $40.00 to $55.00.

Osterweis Capital Management Inc. decreased its stake in Klaviyo, Inc. (NYSE:KVYO - Free Report) by 3.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 321,213 shares of the company's stock after selling 12,330 shares during the period. Osterweis Capital Management Inc. owned 0.12% of Klaviyo worth $9,720,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Capital Fund Management S.A. bought a new position in shares of Klaviyo in the 1st quarter valued at about $1,646,000. Quantbot Technologies LP bought a new position in shares of Klaviyo in the 1st quarter valued at about $3,705,000. Algert Global LLC bought a new position in shares of Klaviyo in the 1st quarter valued at about $1,606,000. Raymond James Financial Inc. grew its holdings in shares of Klaviyo by 85.4% in the 1st quarter. Raymond James Financial Inc. now owns 545,159 shares of the company's stock valued at $16,497,000 after acquiring an additional 251,104 shares in the last quarter. Finally, Cresset Asset Management LLC bought a new position in shares of Klaviyo in the 1st quarter valued at about $373,000. Institutional investors own 45.43% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Piper Sandler raised their price objective on Klaviyo from $40.00 to $55.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Barclays raised their target price on shares of Klaviyo from $35.00 to $38.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Benchmark raised their target price on shares of Klaviyo from $44.00 to $46.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Scotiabank set a $35.00 target price on shares of Klaviyo and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Finally, Citigroup upgraded shares of 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 research note on Thursday, August 7th. Eighteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $43.65.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, President Stephen Eric Rowland sold 7,105 shares of the business's 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 directly owned 445,726 shares in the company, valued at $14,022,539.96. The trade was a 1.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Landon Edmond sold 9,965 shares of the business's 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 $313,498.90. Following the transaction, the insider owned 392,584 shares of the company's stock, valued at approximately $12,350,692.64. This represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,087,383 shares of company stock valued at $136,183,878. 53.24% of the stock is currently owned by insiders.

Klaviyo Trading Down 2.7%

KVYO stock traded down $0.8980 during mid-day trading on Monday, hitting $31.8720. 447,362 shares of the company were exchanged, compared to its average volume of 1,899,598. The business has a 50 day simple moving average of $32.52 and a 200-day simple moving average of $33.57. The stock has a market capitalization of $9.56 billion, a PE ratio of -127.76 and a beta of 1.36. Klaviyo, Inc. has a 1-year low of $23.77 and a 1-year high of $49.55.

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

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.