Night Squared LP Purchases Shares of 210,366 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 acquired a new position in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 210,366 shares of the company's stock, valued at approximately $6,366,000. Klaviyo makes up 3.8% of Night Squared LP's holdings, making the stock its 8th largest position. Night Squared LP owned about 0.08% of Klaviyo as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased 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 buying an additional 746,078 shares in the last quarter. Whale Rock Capital Management LLC increased its holdings in shares of Klaviyo by 7.4% during the fourth quarter. Whale Rock Capital Management LLC now owns 3,868,451 shares of the company's stock worth $159,535,000 after buying an additional 267,845 shares in the last quarter. 1832 Asset Management L.P. increased 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 buying an additional 627,500 shares in the last quarter. Lord Abbett & CO. LLC increased 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 buying an additional 790,146 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of Klaviyo by 195.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,310,227 shares of the company's stock valued at $54,034,000 after purchasing an additional 866,749 shares in the last quarter. Institutional investors and hedge funds own 45.43% of the company's stock.

Analyst Upgrades and Downgrades

KVYO has been the subject of a number of research reports. Citigroup raised shares of Klaviyo from a "neutral" rating to a "buy" rating and raised their price target for the company from $40.00 to $50.00 in a report on Thursday, August 7th. Barclays raised their price target on shares of Klaviyo from $35.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Macquarie reissued a "neutral" rating and issued a $37.00 price target on shares of Klaviyo in a report on Wednesday, August 6th. Wall Street Zen lowered shares of Klaviyo from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Finally, Zacks Research raised shares of Klaviyo to a "strong sell" rating in a report on Friday, August 8th. Eighteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Klaviyo presently has an average rating of "Moderate Buy" and a consensus price target of $43.65.

Insider Activity at Klaviyo

In other news, President Stephen Eric Rowland sold 7,105 shares of Klaviyo stock in a transaction 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 transaction, the president directly owned 445,726 shares of the company's stock, valued at $14,022,539.96. This trade represents a 1.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Carmel Galvin sold 11,155 shares of Klaviyo stock in a transaction on Monday, August 18th. The stock was sold at an average price of $31.67, for a total transaction of $353,278.85. Following the transaction, the insider directly owned 675,833 shares in the company, 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. Over the last quarter, insiders sold 314,085 shares of company stock valued at $9,924,991. 53.24% of the stock is owned by corporate insiders.

Klaviyo Price Performance

Shares of NYSE KVYO traded up $0.50 during midday trading on Wednesday, reaching $31.25. 1,246,510 shares of the stock were exchanged, compared to its average volume of 1,892,099. The business has a 50-day simple moving average of $32.30 and a two-hundred day simple moving average of $32.90. The company has a market capitalization of $9.37 billion, a price-to-earnings ratio of -124.98 and a beta of 1.36. Klaviyo, Inc. has a 12 month low of $23.77 and a 12 month high of $49.55.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly 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 company had revenue of $293.12 million for the quarter, compared to analysts' expectations of $275.97 million. Klaviyo had a negative net margin of 6.19% and a negative return on equity of 1.12%. The business's quarterly revenue was up 31.9% compared to the same quarter last year. During the same period last year, the firm posted $0.15 earnings per share. 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 fiscal 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.