Swiss National Bank Purchases 25,600 Shares of 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 increased its position in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) by 22.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 139,800 shares of the company's stock after acquiring an additional 25,600 shares during the quarter. Swiss National Bank owned about 0.05% of Klaviyo worth $4,230,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in KVYO. TFC Financial Management Inc. acquired a new position in shares of Klaviyo during the first quarter valued at $27,000. CWM LLC lifted its stake in shares of Klaviyo by 227.5% during the first quarter. CWM LLC now owns 930 shares of the company's stock valued at $28,000 after acquiring an additional 646 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Klaviyo by 77.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company's stock valued at $77,000 after acquiring an additional 818 shares during the period. KBC Group NV acquired a new position in shares of Klaviyo during the first quarter valued at $77,000. Finally, US Bancorp DE lifted its stake in shares of Klaviyo by 40.6% during the first quarter. US Bancorp DE now owns 6,792 shares of the company's stock valued at $206,000 after acquiring an additional 1,960 shares during the period. Institutional investors and hedge funds own 45.43% of the company's stock.

Klaviyo Trading Up 2.4%

Shares of NYSE KVYO traded up $0.7680 during mid-day trading on Friday, reaching $32.7480. 1,658,338 shares of the company's stock were exchanged, compared to its average volume of 2,683,349. The firm has a market capitalization of $9.82 billion, a price-to-earnings ratio of -130.99 and a beta of 1.36. The business has a fifty day simple moving average of $32.52 and a 200 day simple moving average of $33.67. Klaviyo, Inc. has a twelve month low of $23.77 and a twelve month high of $49.55.

Klaviyo (NYSE:KVYO - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The company had revenue of $293.12 million for the quarter, compared to analyst estimates of $275.97 million. Klaviyo had a negative return on equity of 1.12% and a negative net margin of 6.19%.Klaviyo's revenue was up 31.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 earnings per share. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts predict that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KVYO. Benchmark upped their price target on Klaviyo from $44.00 to $46.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Scotiabank set a $35.00 target price on Klaviyo and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Macquarie reissued a "neutral" rating and issued a $37.00 target price on shares of Klaviyo in a research note on Wednesday, August 6th. Cantor Fitzgerald raised Klaviyo to an "overweight" rating and set a $48.00 target price on the stock in a research note on Tuesday, June 3rd. Finally, The Goldman Sachs Group cut their target price on Klaviyo from $51.00 to $44.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Eighteen investment 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.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $43.65.

Insider Activity at Klaviyo

In other news, CFO Amanda Whalen sold 15,000 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $31.32, for a total transaction of $469,800.00. Following the sale, the chief financial officer owned 485,515 shares of the company's stock, valued at $15,206,329.80. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Summit Partners L. P sold 4,000,000 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $33.35, for a total value of $133,400,000.00. 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 90 days. Insiders own 49.92% of the company's stock.

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.