Klaviyo (NYSE:KVYO) Insider Landon Edmond Sells 53,473 Shares of Stock

Key Points

• Klaviyo insider Landon Edmond sold 53,473 shares at an average price of $20.01, generating approximately $1.07 million. The transaction occurred under a pre-arranged Rule 10b5-1 trading plan, leaving Edmond with 485,969 shares.
• Klaviyo shares traded at $20.62, while the company recently reported 26.4% year-over-year revenue growth to $370.58 million and quarterly earnings of $0.19 per share, in line with analyst expectations.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $27.14. Institutional investors own 45.43% of the company, and several major funds increased their positions.

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) insider Landon Edmond sold 53,473 shares of Klaviyo stock in a transaction on Friday, August 28th. The shares were sold at an average price of $20.01, for a total transaction of $1,069,994.73. Following the completion of the sale, the insider owned 485,969 shares in the company, valued at approximately $9,724,239.69. This represents a 9.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Landon Edmond also recently made the following trade(s):

• On Monday, August 31st, Landon Edmond sold 8,103 shares of Klaviyo stock. The shares were sold at an average price of $20.44, for a total transaction of $165,625.32.

Klaviyo Trading Up 0.2%

Shares of KVYO traded up $0.04 during trading hours on Tuesday, reaching $20.62. 10,719,926 shares of the company traded hands, compared to its average volume of 6,885,645. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 102.90 and a beta of 0.57. Klaviyo, Inc. has a 12-month low of $12.53 and a 12-month high of $36.22. The stock's fifty day moving average price is $17.57 and its 200 day moving average price is $17.40.

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

Institutional Trading of Klaviyo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KVYO. Capital International Investors acquired a new position in shares of Klaviyo in the fourth quarter worth about $415,254,000. Morgan Stanley boosted its stake in shares of Klaviyo by 36.1% during the 4th quarter. Morgan Stanley now owns 14,547,090 shares of the company's stock worth $472,344,000 after acquiring an additional 3,855,160 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Klaviyo during the 4th quarter worth about $92,675,000. California State Teachers Retirement System grew its position in shares of Klaviyo by 1,429.1% during 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 during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Klaviyo by 86.8% in the 4th quarter. JPMorgan Chase & Co. now owns 3,564,743 shares of the company's stock valued at $115,747,000 after purchasing an additional 1,656,912 shares in the last quarter. Institutional investors and hedge funds own 45.43% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on KVYO. Canaccord Genuity Group cut their target price on Klaviyo from $32.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Scotiabank set a $32.00 price target on shares of Klaviyo in a report on Wednesday, June 17th. Wells Fargo & Company set a $29.00 price objective on Klaviyo in a research note on Thursday, August 6th. Robert W. Baird set a $25.00 price objective on Klaviyo in a report on Thursday, August 6th. Finally, Wall Street Zen downgraded Klaviyo from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $27.14.

Klaviyo Company 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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