Swiss National Bank Increases Stock Position in Klaviyo, Inc. $KVYO

Key Points

• The Swiss National Bank increased its holdings in Klaviyo, Inc. ($KVYO) by 22.4%, acquiring an additional 25,600 shares, bringing its total ownership to approximately 139,800 shares valued at $4.23 million.
• Multiple analysts have revised their price targets for Klaviyo, with Piper Sandler raising its target from $40 to $55 and others adjusting their views, resulting in a consensus target price of $43.65.
• Klaviyo's recent earnings report showed a quarterly revenue of $293.12 million, exceeding estimates, with an earnings per share (EPS) of $0.16, which was above the consensus estimate of $0.13.

Swiss National Bank grew its holdings in Klaviyo, Inc. (NYSE:KVYO - Free Report) by 22.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,800 shares of the company's stock after purchasing an additional 25,600 shares during the period. Swiss National Bank owned approximately 0.05% of Klaviyo worth $4,230,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TFC Financial Management Inc. bought a new stake in Klaviyo during the 1st quarter worth approximately $27,000. CWM LLC increased its holdings in Klaviyo by 227.5% during the 1st quarter. CWM LLC now owns 930 shares of the company's stock worth $28,000 after acquiring an additional 646 shares during the period. Tower Research Capital LLC TRC increased its holdings in Klaviyo by 77.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company's stock worth $77,000 after acquiring an additional 818 shares during the period. KBC Group NV bought a new stake in Klaviyo during the 1st quarter worth approximately $77,000. Finally, Alpha Wealth Funds LLC bought a new stake in Klaviyo during the 4th quarter worth approximately $209,000. Institutional investors own 45.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. TD Cowen upped their target price on shares of Klaviyo from $45.00 to $46.00 and gave the stock 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 target price for the stock from $40.00 to $50.00 in a report on Thursday, August 7th. The Goldman Sachs Group decreased their target price on shares of Klaviyo from $51.00 to $44.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Barclays upped their target price on shares of Klaviyo from $35.00 to $38.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Finally, Stifel Nicolaus decreased their price target on shares of Klaviyo from $45.00 to $40.00 and set a "buy" rating on the stock in a 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 given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $43.65.

Klaviyo Stock Down 3.5%

Shares of Klaviyo stock traded down $1.1510 during trading on Monday, reaching $31.6190. The company's stock had a trading volume of 1,114,540 shares, compared to its average volume of 2,717,519. Klaviyo, Inc. has a 52-week low of $23.77 and a 52-week high of $49.55. The company has a market cap of $9.49 billion, a price-to-earnings ratio of -126.48 and a beta of 1.36. The firm's 50-day moving average is $32.46 and its two-hundred day 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 analysts' consensus estimates 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 company had revenue of $293.12 million during the quarter, compared to analysts' expectations of $275.97 million. During the same quarter in the prior year, the company earned $0.15 EPS. The firm's revenue was up 31.9% on a year-over-year basis. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts anticipate that Klaviyo, Inc. will post 0.04 EPS for the current year.

Insider Buying and Selling

In other Klaviyo news, insider Carmel Galvin sold 11,155 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $31.67, for a total transaction of $353,278.85. Following the completion of the sale, the insider owned 675,833 shares of the company's stock, valued at $21,403,631.11. This represents a 1.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Landon Edmond sold 9,965 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $31.46, for a total transaction of $313,498.90. Following the sale, the insider directly owned 392,584 shares of the company's stock, valued at $12,350,692.64. The trade was a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,087,383 shares of company stock worth $136,183,878 in the last ninety days. 53.24% of the stock is currently owned by insiders.

About Klaviyo

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.