Voya Investment Management LLC Lowers Stock Holdings in Klaviyo, Inc. $KVYO

Key Points

• Voya Investment Management LLC reduced its stake in Klaviyo, Inc. by 16.0%, owning approximately 0.52% of the company following the sale of 296,427 shares.
• Klaviyo reported a revenue increase of 31.9% year-over-year, with earnings per share (EPS) of $0.16, surpassing analyst expectations.
• Several large investors, including Lord Abbett & CO. LLC and Vanguard Group Inc., increased their holdings in Klaviyo, demonstrating strong institutional interest in the stock.

Voya Investment Management LLC trimmed its holdings in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) by 16.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,555,252 shares of the company's stock after selling 296,427 shares during the period. Voya Investment Management LLC owned approximately 0.52% of Klaviyo worth $47,062,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in KVYO. Lord Abbett & CO. LLC lifted its holdings in shares of Klaviyo by 105.6% during the first quarter. Lord Abbett & CO. LLC now owns 1,538,220 shares of the company's stock valued at $46,546,000 after purchasing an additional 790,146 shares during the last quarter. Vanguard Group Inc. raised its holdings in Klaviyo by 9.7% in the 1st quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company's stock worth $256,240,000 after acquiring an additional 746,078 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in Klaviyo by 38.7% in the 1st quarter. 1832 Asset Management L.P. now owns 2,248,800 shares of the company's stock worth $68,049,000 after acquiring an additional 627,500 shares during the last quarter. Two Sigma Investments LP raised its holdings in Klaviyo by 53.1% in the 4th quarter. Two Sigma Investments LP now owns 1,124,433 shares of the company's stock worth $46,372,000 after acquiring an additional 389,779 shares during the last quarter. Finally, Two Sigma Advisers LP raised its holdings in Klaviyo by 48.2% in the 4th quarter. Two Sigma Advisers LP now owns 997,900 shares of the company's stock worth $41,153,000 after acquiring an additional 324,400 shares during the last quarter. 45.43% of the stock is currently owned by hedge funds and other institutional investors.

Klaviyo Trading Down 1.9%

NYSE:KVYO opened at $31.19 on Friday. Klaviyo, Inc. has a 12 month low of $23.77 and a 12 month high of $49.55. The company has a market cap of $9.36 billion, a PE ratio of -124.76 and a beta of 1.36. The company has a 50 day simple moving average of $32.06 and a two-hundred day simple moving average of $32.23.

Klaviyo (NYSE:KVYO - Get Free Report) last issued 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 firm had revenue of $293.12 million during the quarter, compared to the consensus estimate of $275.97 million. During the same quarter in the previous year, the firm posted $0.15 EPS. 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. Research analysts forecast that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

Insider Activity

In related news, insider Landon Edmond sold 9,965 shares of Klaviyo 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 transaction, the insider owned 392,584 shares in the company, valued at approximately $12,350,692.64. The trade was a 2.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction on Friday, September 12th. The shares were sold at an average price of $31.50, for a total transaction of $472,500.00. Following the transaction, the chief financial officer owned 481,719 shares in the company, valued at approximately $15,174,148.50. This trade represents a 3.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,761,283 shares of company stock worth $151,454,336. Company insiders own 49.92% of the company's stock.

Wall Street Analysts Forecast Growth

KVYO has been the subject of a number of recent analyst reports. Wells Fargo & Company upgraded shares of 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 report on Friday, June 13th. Stifel Nicolaus decreased their price objective on shares of Klaviyo from $45.00 to $40.00 and set a "buy" rating for the company in a report on Tuesday, July 15th. Citigroup upgraded shares of Klaviyo from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $40.00 to $50.00 in a report on Thursday, August 7th. Wall Street Zen lowered shares of Klaviyo from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Finally, Piper Sandler lifted their target price on shares of Klaviyo from $40.00 to $55.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Eighteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.65.

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.

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