Voleon Capital Management LP Invests $683,000 in Klaviyo, Inc. $KVYO

Key Points

• Voleon Capital Management LP has made a new investment of approximately $683,000 in Klaviyo, Inc., acquiring 22,564 shares of the stock in the first quarter of the year.
• Insiders at Klaviyo, including Carmel Galvin and Landon Edmond, sold a total of 21,120 shares on August 18th for over $666,000, indicating a decrease in their stock positions.
• Several analysts have upgraded their ratings on Klaviyo, with Citigroup raising its target price from $40.00 to $50.00 and Wells Fargo increasing theirs from $32.00 to $40.00.

Voleon Capital Management LP purchased a new stake in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,564 shares of the company's stock, valued at approximately $683,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. grew its stake in Klaviyo by 22.7% during the 1st quarter. Advisors Asset Management Inc. now owns 2,731 shares of the company's stock worth $83,000 after buying an additional 506 shares during the last quarter. CWM LLC grew its stake in Klaviyo by 227.5% during the 1st quarter. CWM LLC now owns 930 shares of the company's stock worth $28,000 after buying an additional 646 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Klaviyo by 5.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 14,285 shares of the company's stock worth $589,000 after buying an additional 677 shares during the last quarter. Cabot Wealth Management Inc. grew its stake in Klaviyo by 1.0% during the 1st quarter. Cabot Wealth Management Inc. now owns 90,126 shares of the company's stock worth $2,727,000 after buying an additional 854 shares during the last quarter. Finally, California State Teachers Retirement System grew its stake in Klaviyo by 1.8% during the 4th quarter. California State Teachers Retirement System now owns 49,997 shares of the company's stock worth $2,062,000 after buying an additional 864 shares during the last quarter. 45.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Klaviyo

In other news, major shareholder Summit Partners L. P sold 4,000,000 shares of the business's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $31.87, for a total value of $127,480,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew Bialecki sold 226,702 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $31.50, for a total value of $7,141,113.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,761,283 shares of company stock valued at $151,454,336. Insiders own 49.92% of the company's stock.

Klaviyo Trading Down 1.9%

KVYO stock traded down $0.61 during mid-day trading on Friday, hitting $31.19. The stock had a trading volume of 1,668,466 shares, compared to its average volume of 1,744,327. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of -124.76 and a beta of 1.36. The company has a fifty day moving average of $32.06 and a 200 day moving average of $32.29. Klaviyo, Inc. has a 1-year low of $23.77 and a 1-year high of $49.55.

Klaviyo (NYSE:KVYO - Get Free Report) last released its earnings results 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. The firm 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%.The company's revenue was up 31.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 EPS. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts expect that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

KVYO has been the subject of several recent analyst reports. Wells Fargo & Company raised Klaviyo from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $32.00 to $40.00 in a research note on Friday, June 13th. Benchmark increased their price target on Klaviyo from $44.00 to $46.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. TD Cowen increased their price target on Klaviyo from $45.00 to $46.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Macquarie reissued a "neutral" rating and issued a $37.00 price target on shares of Klaviyo in a research note on Wednesday, August 6th. Finally, Stifel Nicolaus decreased their price target on Klaviyo from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday, July 15th. Eighteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Klaviyo presently has an average rating of "Moderate Buy" and an average target price of $43.65.

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.