Lord Abbett & CO. LLC Raises Holdings in Klaviyo, Inc. $KVYO

Key Points

• Lord Abbett & CO. LLC increased its holdings in Klaviyo, Inc. by 105.6% in the first quarter, bringing their total ownership to approximately $46.5 million.
• Several large investors, such as Caitong International Asset Management and Russell Investments Group, have also significantly increased their stakes in Klaviyo during the same period.
• Klaviyo reported quarterly earnings surpassing expectations, with revenue of $293.12 million, reflecting a 31.9% year-over-year increase.

Lord Abbett & CO. LLC increased its position in Klaviyo, Inc. (NYSE:KVYO - Free Report) by 105.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,538,220 shares of the company's stock after buying an additional 790,146 shares during the period. Lord Abbett & CO. LLC owned 0.56% of Klaviyo worth $46,546,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KVYO. TFC Financial Management Inc. acquired a new position in Klaviyo during the 1st quarter worth approximately $27,000. CWM LLC increased its holdings in shares of Klaviyo by 227.5% during the first quarter. CWM LLC now owns 930 shares of the company's stock valued at $28,000 after acquiring an additional 646 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Klaviyo by 217.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,421 shares of the company's stock worth $43,000 after purchasing an additional 974 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Klaviyo by 77.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company's stock worth $77,000 after purchasing an additional 818 shares during the period. Finally, KBC Group NV bought a new position in shares of Klaviyo in the 1st quarter worth $77,000. 45.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Klaviyo news, insider Landon Edmond sold 9,965 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $31.46, for a total value of $313,498.90. Following the completion of the transaction, the insider owned 392,584 shares in the company, valued at $12,350,692.64. This represents a 2.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Carmel Galvin sold 11,155 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $31.67, for a total value of $353,278.85. Following the sale, the insider directly owned 675,833 shares of the company's stock, valued at approximately $21,403,631.11. This represents a 1.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,087,383 shares of company stock valued at $136,183,878. 49.92% of the stock is currently owned by insiders.

Klaviyo Stock Performance

NYSE:KVYO traded down $0.3390 on Wednesday, hitting $31.2610. The stock had a trading volume of 1,824,121 shares, compared to its average volume of 2,574,324. Klaviyo, Inc. has a 1 year low of $23.77 and a 1 year high of $49.55. The firm's fifty day simple moving average is $32.56 and its two-hundred day simple moving average is $33.97. The stock has a market cap of $9.38 billion, a P/E ratio of -125.04 and a beta of 1.36.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The firm 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 company's revenue was up 31.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 EPS. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts predict that Klaviyo, Inc. will post 0.04 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Stifel Nicolaus decreased their price target on shares of Klaviyo from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday, July 15th. Piper Sandler lifted their price objective on shares of Klaviyo from $40.00 to $55.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Zacks Research raised shares of Klaviyo to a "strong sell" rating in a research report on Friday, August 8th. Barclays upped their target price on shares of Klaviyo from $35.00 to $38.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Finally, Wall Street Zen cut shares of Klaviyo from a "buy" rating to a "hold" rating in a research report on Sunday. Eighteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $43.65.

About Klaviyo

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.