Klaviyo, Inc. $KVYO Shares Purchased by PDT Partners LLC

Key Points

• PDT Partners LLC has increased its position in Klaviyo, Inc. by 27.8%, now holding 142,992 shares worth approximately $4.3 million.
• Wall Street analysts have mixed opinions on Klaviyo's stock, with a consensus rating of "Moderate Buy" and an average price target of $43.65.
• Insider activity is notable, with CFO Amanda Whalen and CEO Andrew Bialecki both selling significant amounts of their shares recently, totaling over $7.6 million.

PDT Partners LLC grew its stake in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) by 27.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 142,992 shares of the company's stock after buying an additional 31,093 shares during the period. PDT Partners LLC owned 0.05% of Klaviyo worth $4,327,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake 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 valued at $256,240,000 after buying an additional 746,078 shares during the period. Whale Rock Capital Management LLC increased its holdings in Klaviyo by 7.4% in the 4th quarter. Whale Rock Capital Management LLC now owns 3,868,451 shares of the company's stock valued at $159,535,000 after purchasing an additional 267,845 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in Klaviyo by 38.7% in the 1st quarter. 1832 Asset Management L.P. now owns 2,248,800 shares of the company's stock valued at $68,049,000 after purchasing an additional 627,500 shares in the last quarter. Lord Abbett & CO. LLC increased its holdings in Klaviyo by 105.6% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,538,220 shares of the company's stock valued at $46,546,000 after purchasing an additional 790,146 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its holdings in Klaviyo by 195.4% in the 4th 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. 45.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KVYO has been the subject of several recent research reports. Macquarie reiterated a "neutral" rating and issued a $37.00 price target on shares of Klaviyo in a report on Wednesday, August 6th. TD Cowen increased their price target on Klaviyo from $45.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Citigroup raised shares of Klaviyo from a "neutral" rating to a "buy" rating and upped their price objective for the company from $40.00 to $50.00 in a research report on Thursday, August 7th. Stifel Nicolaus decreased their price objective on shares of Klaviyo from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Tuesday, July 15th. Finally, Piper Sandler upped their price objective on shares of Klaviyo from $40.00 to $55.00 and gave the company an "overweight" rating in a research report 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. According to MarketBeat, Klaviyo has a consensus rating of "Moderate Buy" and a consensus price target of $43.65.

Insider Buying and Selling at Klaviyo

In other news, CFO Amanda Whalen sold 15,000 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $31.66, for a total transaction of $474,900.00. Following the transaction, the chief financial officer owned 517,831 shares of the company's stock, valued at approximately $16,394,529.46. This trade represents a 2.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Stephen Eric Rowland sold 7,105 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $31.46, for a total transaction of $223,523.30. Following the sale, the president owned 445,726 shares in the company, valued at approximately $14,022,539.96. This trade represents a 1.57% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 537,389 shares of company stock valued at $16,847,415. Corporate insiders own 49.92% of the company's stock.

Klaviyo Stock Performance

Shares of KVYO stock traded up $1.00 during trading hours on Friday, hitting $32.15. 1,398,240 shares of the company were exchanged, compared to its average volume of 1,963,986. Klaviyo, Inc. has a one year low of $23.77 and a one year high of $49.55. The business's 50-day simple moving average is $32.22 and its two-hundred day simple moving average is $32.67. The stock has a market capitalization of $9.64 billion, a price-to-earnings ratio of -128.58 and a beta of 1.36.

Klaviyo (NYSE:KVYO - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. Klaviyo had a negative net margin of 6.19% and a negative return on equity of 1.12%. The business had revenue of $293.12 million for the quarter, compared to analysts' expectations of $275.97 million. During the same quarter last year, the company posted $0.15 earnings per share. The company's quarterly 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, analysts anticipate that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

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.