Osterweis Capital Management Inc. Sells 12,330 Shares of Klaviyo, Inc. $KVYO

Key Points

• Osterweis Capital Management Inc. reduced its stake in Klaviyo, Inc. by 3.7%, selling 12,330 shares and currently owning 321,213 shares valued at approximately $9.72 million.
• Klaviyo's stock has seen significant activity from institutional investors, with Acadian Asset Management increasing its stake by 162% and owning 495,729 shares valued at $14.99 million after a recent purchase.
• The stock currently has a market capitalization of $9.53 billion and a price-to-earnings ratio of -127.12, alongside a range of analyst ratings from "overweight" to "hold."

Osterweis Capital Management Inc. reduced its stake in Klaviyo, Inc. (NYSE:KVYO - Free Report) by 3.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 321,213 shares of the company's stock after selling 12,330 shares during the quarter. Osterweis Capital Management Inc. owned about 0.11% of Klaviyo worth $9,720,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Acadian Asset Management LLC boosted its position in shares of Klaviyo by 162.0% in the 1st quarter. Acadian Asset Management LLC now owns 495,729 shares of the company's stock worth $14,986,000 after purchasing an additional 306,496 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Klaviyo by 40.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,158 shares of the company's stock valued at $4,483,000 after acquiring an additional 42,980 shares in the last quarter. Woodline Partners LP lifted its position in Klaviyo by 54.5% in the 1st quarter. Woodline Partners LP now owns 12,419 shares of the company's stock valued at $376,000 after acquiring an additional 4,379 shares in the last quarter. Voleon Capital Management LP bought a new position in Klaviyo in the 1st quarter valued at approximately $683,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Klaviyo in the 1st quarter valued at approximately $749,000. 45.43% of the stock is owned by institutional investors.

Klaviyo Price Performance

NYSE KVYO opened at $31.78 on Friday. The business's fifty day moving average price is $32.11 and its 200-day moving average price is $32.35. The stock has a market capitalization of $9.53 billion, a price-to-earnings ratio of -127.12 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 posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The firm had revenue of $293.12 million during the quarter, compared to analyst estimates of $275.97 million. Klaviyo had a negative return on equity of 1.12% and a negative net margin of 6.19%.Klaviyo's revenue was up 31.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 EPS. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts anticipate that Klaviyo, Inc. will post 0.04 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KVYO shares. Wells Fargo & Company raised Klaviyo from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $32.00 to $40.00 in a research report on Friday, June 13th. Wall Street Zen cut Klaviyo from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Macquarie reaffirmed a "neutral" rating and issued a $37.00 price objective on shares of Klaviyo in a research report on Wednesday, August 6th. Cantor Fitzgerald raised Klaviyo to an "overweight" rating and set a $48.00 price objective on the stock in a research report on Tuesday, June 3rd. Finally, Stifel Nicolaus lowered their price objective on Klaviyo from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Tuesday, July 15th. Eighteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.65.

Insider Transactions at Klaviyo

In other news, major shareholder Summit Partners L. P sold 4,000,000 shares of the company's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $31.87, for a total value of $127,480,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Bialecki sold 220,481 shares of the company's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $31.96, for a total value of $7,046,572.76. The disclosure for this sale can be found here. Insiders sold a total of 4,742,870 shares of company stock worth $150,871,937 over the last three months. 49.92% of the stock is currently owned by insiders.

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.

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