Klaviyo, Inc. (NYSE:KVYO) Sees Significant Decline in Short Interest

Key Points

• Klaviyo experienced a sharp decline in short interest in March — a 34.3% decrease to 10,038,330 shares, equal to about 6.6% of shares short and a short-interest ratio of 3.3 days.
• Several analysts trimmed price targets in February/March, but the consensus remains a Moderate Buy with a mean target of $34.24 (19 Buys, 3 Holds, 1 Sell).
• Insiders have been selling (CEO Andrew Bialecki sold 206,827 shares; insiders sold ~1.8M shares in the last 90 days), and the stock was down 3.8% to $16.94, with a market cap of $5.16 billion and a P/E of 251.43.

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 10,038,330 shares, a decrease of 34.3% from the March 15th total of 15,272,956 shares. Approximately 6.6% of the shares of the stock are short sold. Based on an average trading volume of 3,044,569 shares, the short-interest ratio is presently 3.3 days.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on KVYO shares. William Blair reaffirmed an "outperform" rating on shares of Klaviyo in a research note on Monday, March 2nd. Barclays dropped their price objective on Klaviyo from $42.00 to $31.00 and set an "overweight" rating for the company in a research note on Wednesday, February 11th. Needham & Company LLC dropped their price objective on Klaviyo from $45.00 to $30.00 and set a "buy" rating for the company in a research note on Wednesday, February 11th. KeyCorp dropped their price objective on Klaviyo from $45.00 to $40.00 and set an "overweight" rating for the company in a research note on Wednesday, February 11th. Finally, Cantor Fitzgerald dropped their price objective on Klaviyo from $40.00 to $35.00 and set an "overweight" rating for the company in a research note on Wednesday, February 11th. Nineteen 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $34.24.

Klaviyo Stock Down 3.8%

Klaviyo stock traded down $0.66 during midday trading on Tuesday, reaching $16.94. 4,743,776 shares of the stock traded hands, compared to its average volume of 3,256,386. The stock's fifty day moving average is $18.82 and its 200-day moving average is $24.59. Klaviyo has a 12 month low of $15.53 and a 12 month high of $37.79. The stock has a market cap of $5.16 billion, a P/E ratio of 251.43 and a beta of 0.86.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. Klaviyo had a positive return on equity of 2.03% and a negative net margin of 2.57%.The company had revenue of $350.20 million during the quarter, compared to analyst estimates of $333.99 million. During the same period in the prior year, the company earned $0.07 earnings per share. The firm's revenue was up 29.6% on a year-over-year basis. On average, equities analysts predict that Klaviyo will post 0.04 EPS for the current fiscal year.

Insider Transactions at Klaviyo

In other news, insider Landon Edmond sold 15,093 shares of the company's stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $20.16, for a total value of $304,274.88. Following the completion of the transaction, the insider owned 326,728 shares of the company's stock, valued at $6,586,836.48. This represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Andrew Bialecki sold 206,827 shares of the company's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $19.96, for a total value of $4,128,266.92. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,797,431 shares of company stock valued at $35,802,846. Corporate insiders own 53.24% of the company's stock.

Institutional Investors Weigh In On Klaviyo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KVYO. Capital International Investors purchased a new stake in Klaviyo during the fourth quarter valued at approximately $415,254,000. Morgan Stanley raised its position in Klaviyo by 36.1% during the fourth quarter. Morgan Stanley now owns 14,547,090 shares of the company's stock valued at $472,344,000 after purchasing an additional 3,855,160 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new stake in Klaviyo during the fourth quarter valued at approximately $92,675,000. Vanguard Group Inc. raised its position in Klaviyo by 19.2% during the third quarter. Vanguard Group Inc. now owns 12,787,728 shares of the company's stock valued at $354,092,000 after purchasing an additional 2,059,550 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Klaviyo by 86.8% during the fourth 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 during the period. 45.43% of the stock is currently owned by hedge funds and other institutional investors.

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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