Klaviyo (NYSE:KVYO) Director Ed Hallen Sells 98,782 Shares

Key Points

• Klaviyo Director Ed Hallen sold 98,782 shares for approximately $2.02 million under a pre-arranged Rule 10b5-1 trading plan, reducing his ownership by 51.12% to 94,457 shares.
• Klaviyo shares recently traded at $20.62, near their 52-week range of $12.53 to $36.22. The company reported quarterly revenue of $370.58 million, up 26.4% year over year, while EPS of $0.19 matched analyst expectations.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and a $27.14 target price, although several firms recently lowered their price objectives. Institutional investors own 45.43% of the stock.

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) Director Ed Hallen sold 98,782 shares of the company's stock in a transaction on Monday, August 31st. The shares were 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 owned 94,457 shares of the company's stock, valued at $1,934,479.36. The trade was a 51.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Klaviyo Stock Up 0.2%

KVYO traded up $0.04 during trading on Tuesday, reaching $20.62. 10,719,926 shares of the company's stock were exchanged, compared to its average volume of 6,885,645. The company has a market capitalization of $5.87 billion, a P/E ratio of 1,031.52 and a beta of 0.57. The business has a 50 day moving average price of $17.57 and a 200 day moving average price of $17.40. Klaviyo, Inc. has a fifty-two week low of $12.53 and a fifty-two week high of $36.22.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KVYO. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Klaviyo during the 2nd quarter worth about $488,000. California State Teachers Retirement System increased its position in Klaviyo by 1,429.1% in the 2nd quarter. California State Teachers Retirement System now owns 2,376,514 shares of the company's stock valued at $35,885,000 after acquiring an additional 2,221,092 shares in the last quarter. AXQ Capital LP bought a new position in shares of Klaviyo in the second quarter worth about $371,000. Nykredit A S acquired a new position in shares of Klaviyo during the second quarter worth approximately $90,000. Finally, Kerrisdale Advisers LLC acquired a new position in shares of Klaviyo during the second quarter worth approximately $1,376,000. 45.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Barclays decreased their price objective on Klaviyo from $25.00 to $22.00 and set an "overweight" rating on the stock in a report on Thursday, August 6th. KeyCorp cut their target price on Klaviyo from $35.00 to $29.00 and set an "overweight" rating for the company in a research report on Thursday, August 6th. Truist Financial decreased their price target on Klaviyo from $35.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Wall Street Zen cut Klaviyo from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Robert W. Baird set a $25.00 price objective on Klaviyo in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.14.

About Klaviyo

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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