Klaviyo, Inc. $KVYO Shares Acquired by Oak Ridge Investments LLC

Key Points

• Oak Ridge Investments LLC increased its position in Klaviyo, Inc. by 28.1% in the first quarter, owning 51,147 shares valued at $1.548 million after purchasing an additional 11,228 shares.
• Klaviyo's stock rose 3.8% recently, with a market cap of $9.35 billion, while the company reported earnings of $0.16 EPS, exceeding analysts' expectations.
• Insider activity revealed that 8 million shares valued at $268 million were sold in the last quarter, indicating significant changes in ownership among major shareholders.

Oak Ridge Investments LLC grew its holdings in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) by 28.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,147 shares of the company's stock after purchasing an additional 11,228 shares during the quarter. Oak Ridge Investments LLC's holdings in Klaviyo were worth $1,548,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Encompass More Asset Management bought a new position in Klaviyo during the first quarter worth about $549,000. WCM Investment Management LLC lifted its holdings in shares of Klaviyo by 27.7% in the first quarter. WCM Investment Management LLC now owns 390,119 shares of the company's stock worth $12,101,000 after buying an additional 84,715 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Klaviyo by 8.4% in the fourth quarter. Bank of America Corp DE now owns 276,697 shares of the company's stock worth $11,411,000 after buying an additional 21,425 shares in the last quarter. Whale Rock Capital Management LLC lifted its holdings in shares of Klaviyo by 7.4% in 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. Finally, Stifel Financial Corp purchased a new stake in shares of Klaviyo in the fourth quarter worth about $364,000. Institutional investors own 45.43% of the company's stock.

Insiders Place Their Bets

In other Klaviyo news, CFO Amanda Whalen sold 15,000 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $31.66, for a total value of $474,900.00. Following the sale, the chief financial officer owned 517,831 shares in the company, valued at $16,394,529.46. This trade represents a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Summit Partners L. P sold 4,000,000 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $33.35, for a total value of $133,400,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,044,158 shares of company stock worth $134,823,776 over the last quarter. Company insiders own 53.24% of the company's stock.

Klaviyo Stock Down 1.6%

KVYO traded down $0.52 during trading on Tuesday, reaching $31.50. The company had a trading volume of 556,347 shares, compared to its average volume of 1,900,304. The stock has a market cap of $9.45 billion, a P/E ratio of -126.00 and a beta of 1.36. The business has a 50 day simple moving average of $32.67 and a 200-day simple moving average of $34.01. 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 released 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. Klaviyo had a negative return on equity of 1.12% and a negative net margin of 6.19%.The business had revenue of $293.12 million for the quarter, compared to analyst estimates of $275.97 million. During the same quarter last year, the firm posted $0.15 earnings per share. The business's revenue 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. As a group, equities research analysts expect that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KVYO shares. Needham & Company LLC lowered their price target on shares of Klaviyo from $56.00 to $45.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. 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. Cantor Fitzgerald raised shares of Klaviyo to an "overweight" rating and set a $48.00 target price on the stock in a research note on Tuesday, June 3rd. 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, Macquarie reaffirmed a "neutral" rating and issued a $37.00 target price on shares of Klaviyo in a research note on Wednesday, August 6th. Eighteen equities 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.