Night Squared LP Takes Position in Klaviyo, Inc. $KVYO

Key Points

• Night Squared LP acquired 210,366 shares of Klaviyo, valued at approximately $6.37 million, making it the 8th largest holding in their investment portfolio.
• Klaviyo recently reported Q2 earnings of $0.16 EPS, surpassing analysts' estimates, with revenue growth of 31.9% year-over-year.
• Several large institutional investors, including Vanguard Group, have increased their stakes in Klaviyo, indicating notable interest in the company, which has a current market cap of $9.73 billion.

Night Squared LP purchased a new position in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 210,366 shares of the company's stock, valued at approximately $6,366,000. Klaviyo comprises about 3.8% of Night Squared LP's investment portfolio, making the stock its 8th biggest position. Night Squared LP owned about 0.08% of Klaviyo at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Klaviyo by 9.7% during the 1st quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company's stock worth $256,240,000 after purchasing an additional 746,078 shares during the last quarter. Encompass More Asset Management acquired a new position in shares of Klaviyo during the 1st quarter worth approximately $549,000. Raymond James Financial Inc. increased its position in shares of Klaviyo by 85.4% during the 1st quarter. Raymond James Financial Inc. now owns 545,159 shares of the company's stock worth $16,497,000 after purchasing an additional 251,104 shares during the last quarter. WCM Investment Management LLC increased its position in shares of Klaviyo by 27.7% during the 1st quarter. WCM Investment Management LLC now owns 390,119 shares of the company's stock worth $12,101,000 after purchasing an additional 84,715 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Klaviyo during the 1st quarter worth approximately $3,249,000. Institutional investors and hedge funds own 45.43% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on KVYO shares. The Goldman Sachs Group decreased their target price on Klaviyo from $51.00 to $44.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Wall Street Zen lowered Klaviyo from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Zacks Research raised Klaviyo to a "strong sell" rating in a report on Friday, August 8th. Wells Fargo & Company raised Klaviyo from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $32.00 to $40.00 in a report on Friday, June 13th. Finally, Macquarie reissued a "neutral" rating and set a $37.00 target price on shares of Klaviyo in a report on Wednesday, August 6th. Eighteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.65.

Klaviyo Price Performance

KVYO traded down $0.35 during trading on Thursday, hitting $30.88. The stock had a trading volume of 482,730 shares, compared to its average volume of 1,883,605. The company has a 50 day moving average price of $32.27 and a 200-day moving average price of $32.89. The firm has a market cap of $9.26 billion, a price-to-earnings ratio of -123.58 and a beta of 1.36. Klaviyo, Inc. has a one year low of $23.77 and a one year high of $49.55.

Klaviyo (NYSE:KVYO - Get Free Report) last released 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 business had revenue of $293.12 million during 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 quarterly revenue was up 31.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 EPS. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts predict that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Andrew Bialecki sold 226,702 shares of the business's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $31.50, for a total value of $7,141,113.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Stephen Eric Rowland sold 7,105 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $31.46, for a total value of $223,523.30. Following the sale, the president owned 445,726 shares of the company's stock, valued at approximately $14,022,539.96. The trade was a 1.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 314,085 shares of company stock worth $9,924,991 over the last three months. 49.92% of the stock is currently owned by corporate insiders.

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.