Klaviyo, Inc. $KVYO Holdings Lessened by Sands Capital Ventures LLC

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 reduced its stake in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) by 0.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,443,515 shares of the company's stock after selling 27,179 shares during the period. Klaviyo makes up approximately 25.5% of Sands Capital Ventures LLC's investment portfolio, making the stock its biggest holding. Sands Capital Ventures LLC owned 1.26% of Klaviyo worth $104,201,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. TFC Financial Management Inc. purchased a new position in Klaviyo during the 1st quarter worth approximately $27,000. CWM LLC boosted its holdings in Klaviyo by 227.5% in the first quarter. CWM LLC now owns 930 shares of the company's stock valued at $28,000 after purchasing an additional 646 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in Klaviyo by 217.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,421 shares of the company's stock worth $43,000 after purchasing an additional 974 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Klaviyo by 77.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company's stock valued at $77,000 after buying an additional 818 shares during the period. Finally, KBC Group NV acquired a new position in shares of Klaviyo in the 1st quarter valued at about $77,000. Hedge funds and other institutional investors own 45.43% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on KVYO shares. The Goldman Sachs Group decreased their price objective on Klaviyo from $51.00 to $44.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Macquarie reissued a "neutral" rating and issued a $37.00 price objective on shares of Klaviyo in a report on Wednesday, August 6th. Citigroup upgraded Klaviyo from a "neutral" rating to a "buy" rating and lifted their price target for the company from $40.00 to $50.00 in a research note on Thursday, August 7th. Cantor Fitzgerald upgraded Klaviyo to an "overweight" rating and set a $48.00 price objective for the company in a research note on Tuesday, June 3rd. Finally, Wells Fargo & Company upgraded Klaviyo from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $32.00 to $40.00 in a research note on Friday, June 13th. Eighteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $43.65.

Insider Transactions at Klaviyo

In related news, insider Landon Edmond sold 9,965 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $31.46, for a total value of $313,498.90. Following the transaction, the insider owned 392,584 shares of the company's stock, valued at $12,350,692.64. This represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Carmel Galvin sold 11,155 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $31.67, for a total value of $353,278.85. Following the transaction, the insider directly owned 675,833 shares in the company, valued at approximately $21,403,631.11. The trade was a 1.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,087,383 shares of company stock valued at $136,183,878 over the last ninety days. Company insiders own 49.92% of the company's stock.

Klaviyo Price Performance

Shares of NYSE KVYO traded down $0.26 during mid-day trading on Tuesday, hitting $31.32. The company had a trading volume of 645,099 shares, compared to its average volume of 1,895,798. The company has a market capitalization of $9.39 billion, a PE ratio of -125.19 and a beta of 1.36. Klaviyo, Inc. has a 1-year low of $23.77 and a 1-year high of $49.55. The business's 50-day simple moving average is $32.46 and its 200 day simple moving average is $33.46.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The business had revenue of $293.12 million for the quarter, compared to analysts' expectations of $275.97 million. Klaviyo had a negative return on equity of 1.12% and a negative net margin of 6.19%.The company's revenue for the quarter was up 31.9% compared to the same quarter last year. During the same period last year, the firm earned $0.15 earnings per share. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts expect that Klaviyo, Inc. will post 0.04 EPS for the current 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.