Klaviyo, Inc. $KVYO is Sands Capital Ventures LLC's Largest Position

Key Points

• Sands Capital Ventures LLC reduced its stake in Klaviyo, Inc. by 0.8%, retaining about 3.44 million shares, which constitutes 25.5% of its investment portfolio.
• Several institutional investors, including Wells Fargo and Barclays, significantly increased their positions in Klaviyo during the fourth quarter, indicating growing institutional interest.
• Klaviyo reported strong earnings, exceeding analyst expectations with $0.16 EPS and $293.12 million in revenue, marking a 31.9% increase year-over-year.

Sands Capital Ventures LLC lowered its holdings in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) by 0.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,443,515 shares of the company's stock after selling 27,179 shares during the period. Klaviyo accounts for 25.5% of Sands Capital Ventures LLC's investment portfolio, making the stock its largest holding. Sands Capital Ventures LLC owned 1.26% of Klaviyo worth $104,201,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Klaviyo by 9.7% in the 1st quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company's stock worth $256,240,000 after acquiring an additional 746,078 shares during the period. Whale Rock Capital Management LLC lifted its stake in shares of Klaviyo by 7.4% in the 4th quarter. Whale Rock Capital Management LLC now owns 3,868,451 shares of the company's stock worth $159,535,000 after acquiring an additional 267,845 shares during the period. Voya Investment Management LLC lifted its stake in shares of Klaviyo by 47.1% in the 4th quarter. Voya Investment Management LLC now owns 1,851,679 shares of the company's stock worth $76,363,000 after acquiring an additional 592,884 shares during the period. Lord Abbett & CO. LLC lifted its stake in shares of Klaviyo by 105.6% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,538,220 shares of the company's stock worth $46,546,000 after acquiring an additional 790,146 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of Klaviyo by 195.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,310,227 shares of the company's stock worth $54,034,000 after acquiring an additional 866,749 shares during the period. Institutional investors and hedge funds own 45.43% of the company's stock.

Klaviyo Stock Up 2.4%

Shares of NYSE KVYO traded up $0.7680 during midday trading on Friday, hitting $32.7480. The company had a trading volume of 1,658,338 shares, compared to its average volume of 2,683,349. Klaviyo, Inc. has a twelve month low of $23.77 and a twelve month high of $49.55. The business has a 50-day simple moving average of $32.52 and a two-hundred day simple moving average of $33.67. The firm has a market capitalization of $9.82 billion, a price-to-earnings ratio of -130.99 and a beta of 1.36.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.16 EPS for the quarter, beating 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 firm had revenue of $293.12 million during the quarter, compared to analysts' expectations of $275.97 million. During the same quarter last year, the business earned $0.15 earnings per share. The business's revenue for the quarter 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. On average, equities analysts forecast that Klaviyo, Inc. will post 0.04 EPS for the current year.

Insider Activity

In other Klaviyo news, insider Landon Edmond sold 9,965 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $31.46, for a total transaction of $313,498.90. Following the completion of the transaction, the insider directly owned 392,584 shares in the company, valued at approximately $12,350,692.64. This trade represents a 2.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Amanda Whalen sold 15,000 shares of the firm's 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 $16,394,529.46. This trade represents a 2.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,087,383 shares of company stock worth $136,183,878 in the last three months. Company insiders own 49.92% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on KVYO shares. The Goldman Sachs Group reduced their target price on shares of Klaviyo from $51.00 to $44.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Barclays raised their target price on shares of Klaviyo from $35.00 to $38.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Piper Sandler raised their target price on shares of Klaviyo from $40.00 to $55.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Scotiabank set a $35.00 target price on shares of Klaviyo and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. Finally, Citigroup upgraded shares of Klaviyo from a "neutral" rating to a "buy" rating and raised their price objective for the company from $40.00 to $50.00 in a research note on Thursday, August 7th. 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.65.

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.