Summit Partners L P Decreases Holdings in Klaviyo, Inc. $KVYO

Key Points

• Summit Partners L P reduced its holdings in Klaviyo, Inc. by 20.6%, selling 8 million shares and maintaining approximately 10.38% ownership of the company valued at $1.035 billion.
• Klaviyo reported a 31.9% increase in quarterly revenue year-over-year, with earnings per share of $0.16, surpassing the consensus estimate of $0.13.
• Analyst ratings for Klaviyo are mixed, with 19 analysts rating it as a Buy and a consensus price target of $44.30.

Summit Partners L P cut its holdings in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) by 20.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,827,778 shares of the company's stock after selling 8,000,000 shares during the quarter. Klaviyo makes up about 73.0% of Summit Partners L P's investment portfolio, making the stock its biggest position. Summit Partners L P owned about 10.38% of Klaviyo worth $1,035,197,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of KVYO. Cetera Investment Advisers bought a new stake in Klaviyo during the fourth quarter valued at about $277,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Klaviyo by 76.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,178 shares of the company's stock valued at $4,338,000 after acquiring an additional 45,523 shares during the period. California State Teachers Retirement System raised its holdings in Klaviyo by 1.8% during the fourth quarter. California State Teachers Retirement System now owns 49,997 shares of the company's stock valued at $2,062,000 after acquiring an additional 864 shares during the period. SG Americas Securities LLC raised its holdings in Klaviyo by 27.3% during the first quarter. SG Americas Securities LLC now owns 13,918 shares of the company's stock valued at $421,000 after acquiring an additional 2,989 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH bought a new stake in Klaviyo during the first quarter valued at about $663,000. 45.43% of the stock is owned by institutional investors.

Klaviyo Price Performance

Shares of NYSE:KVYO opened at $31.64 on Friday. Klaviyo, Inc. has a 1 year low of $23.77 and a 1 year high of $49.55. The business has a 50 day simple moving average of $32.31 and a two-hundred day simple moving average of $32.05. The firm has a market capitalization of $9.49 billion, a PE ratio of -126.54 and a beta of 1.36.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its earnings results 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. 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 during the quarter, compared to analyst estimates of $275.97 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. The company'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. Equities research analysts expect that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other Klaviyo news, major shareholder Summit Partners L. P sold 4,000,000 shares of the business's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $31.87, for a total transaction of $127,480,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ed Hallen sold 89,748 shares of the business's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $31.71, for a total value of $2,845,909.08. Following the transaction, the director owned 177,776 shares of the company's stock, valued at $5,637,276.96. This trade represents a 33.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,288,771 shares of company stock worth $169,116,344 over the last three months. 49.92% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on KVYO shares. Cantor Fitzgerald raised Klaviyo to an "overweight" rating and set a $48.00 price target on the stock in a report on Tuesday, June 3rd. Macquarie reaffirmed a "neutral" rating and issued a $37.00 target price on shares of Klaviyo in a report on Wednesday, August 6th. Wall Street Zen cut Klaviyo from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Zacks Research upgraded Klaviyo to a "strong sell" rating in a research report on Friday, August 8th. Finally, Citigroup upgraded Klaviyo from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $40.00 to $50.00 in a research report on Thursday, August 7th. Nineteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $44.30.

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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