Whetstone Capital Advisors LLC Purchases New Stake in Klaviyo, Inc. $KVYO

Whetstone Capital Advisors LLC acquired a new stake in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 88,946 shares of the company's stock, valued at approximately $1,343,000.

Other hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in shares of Klaviyo by 59.4% during the first quarter. Royal Bank of Canada now owns 10,008 shares of the company's stock worth $303,000 after purchasing an additional 3,730 shares during the last quarter. Amundi raised its stake in Klaviyo by 109.7% during the first quarter. Amundi now owns 14,361 shares of the company's stock valued at $400,000 after buying an additional 7,514 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Klaviyo during the first quarter valued at approximately $359,000. Woodline Partners LP lifted its holdings in Klaviyo by 54.5% during the 1st quarter. Woodline Partners LP now owns 12,419 shares of the company's stock worth $376,000 after buying an additional 4,379 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Klaviyo by 40.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,158 shares of the company's stock worth $4,483,000 after buying an additional 42,980 shares during the last quarter. 45.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group lowered their price target on Klaviyo from $32.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Scotiabank set a $32.00 price objective on Klaviyo in a research note on Wednesday, June 17th. Robert W. Baird set a $25.00 price objective on shares of Klaviyo in a report on Thursday, August 6th. Needham & Company LLC reiterated a "buy" rating on shares of Klaviyo in a research note on Wednesday, September 2nd. Finally, Benchmark cut shares of Klaviyo from a "buy" rating to a "hold" rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $27.14.

Insiders Place Their Bets

In other Klaviyo news, insider Landon Edmond sold 8,103 shares of the business's stock in a transaction on Monday, August 31st. The stock was sold at an average price of $20.44, for a total transaction of $165,625.32. Following the completion of the transaction, the insider owned 477,866 shares in the company, valued at approximately $9,767,581.04. The trade was a 1.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ed Hallen sold 98,782 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $20.48, for a total value of $2,023,055.36. Following the completion of the transaction, the director directly owned 94,457 shares of the company's stock, valued at approximately $1,934,479.36. The trade was a 51.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,188,358 shares of company stock valued at $92,252,475 in the last quarter. 37.42% of the stock is owned by insiders.

Klaviyo Stock Performance

Klaviyo stock opened at $16.23 on Thursday. The company has a 50-day simple moving average of $17.99 and a 200-day simple moving average of $17.41. The firm has a market capitalization of $4.62 billion, a P/E ratio of 812.16 and a beta of 0.57. Klaviyo, Inc. has a one year low of $12.53 and a one year high of $36.22.

Klaviyo (NYSE:KVYO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The firm had revenue of $370.58 million for the quarter, compared to the consensus estimate of $362.08 million. Klaviyo had a net margin of 0.49% and a return on equity of 5.67%. Klaviyo's quarterly revenue was up 26.4% compared to the same quarter last year. During the same period last year, the firm posted $0.16 EPS. As a group, sell-side analysts forecast that Klaviyo, Inc. will post 0.2 earnings per share for the current year.

Klaviyo Profile

Klaviyo, Inc is a cloud-based marketing automation platform that enables businesses to leverage customer data for targeted email and SMS campaigns. The company's platform centralizes first-party data from various sources—including e-commerce storefronts, websites, and CRM systems—to help organizations deliver personalized marketing across the customer lifecycle. Klaviyo's core offerings include segmented email marketing, automated messaging workflows, and performance analytics designed to drive customer engagement and revenue growth.

The platform provides a suite of tools for campaign creation and management, including drag-and-drop email and SMS builders, dynamic content rendering, and A/B testing capabilities.

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