Klaviyo (NYSE:KVYO) Director Sells $2,845,909.08 in Stock

Key Points

• Klaviyo Director Ed Hallen sold 89,748 shares for a total of $2,845,909.08, representing a 33.55% decrease in his shareholding.
• The company's stock price experienced a slight increase, trading at $33.62 during midday, with a market cap of $10.09 billion.
• Klaviyo recently reported $293.12 million in quarterly revenue, a 31.9% year-over-year increase, surpassing analysts' expectations.

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) Director Ed Hallen sold 89,748 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $31.71, for a total transaction of $2,845,909.08. Following the transaction, the director directly owned 177,776 shares of the company's stock, valued at approximately $5,637,276.96. This trade represents a 33.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Klaviyo Price Performance

Shares of Klaviyo stock traded up $1.68 on Friday, reaching $35.24. The company had a trading volume of 4,000,311 shares, compared to its average volume of 2,050,748. The firm's 50 day moving average price is $32.08 and its two-hundred day moving average price is $32.04. Klaviyo, Inc. has a 52-week low of $23.77 and a 52-week high of $49.55.

Klaviyo (NYSE:KVYO - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $293.12 million during the quarter, compared to the consensus estimate of $275.97 million. Klaviyo had a negative net margin of 6.19% and a negative return on equity of 1.12%. The firm's revenue for the quarter was up 31.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 EPS. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts expect that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KVYO. TD Cowen raised their target price on Klaviyo from $45.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Morgan Stanley raised shares of Klaviyo from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $40.00 to $50.00 in a research note on Friday. Piper Sandler upped their target price on shares of Klaviyo from $40.00 to $55.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Stifel Nicolaus reduced their target price on shares of Klaviyo from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Tuesday, July 15th. Finally, Zacks Research upgraded shares of Klaviyo to a "strong sell" rating in a research note on Friday, August 8th. Nineteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $44.45.

Hedge Funds Weigh In On Klaviyo

Large investors have recently made changes to their positions in the stock. Osaic Holdings Inc. boosted its holdings in Klaviyo by 317.0% during the second quarter. Osaic Holdings Inc. now owns 1,689 shares of the company's stock worth $55,000 after buying an additional 1,284 shares in the last quarter. Orion Porfolio Solutions LLC acquired a new stake in shares of Klaviyo during the 2nd quarter valued at approximately $1,245,000. Squarepoint Ops LLC boosted its stake in shares of Klaviyo by 33.9% during the 2nd quarter. Squarepoint Ops LLC now owns 94,290 shares of the company's stock worth $3,166,000 after acquiring an additional 23,857 shares in the last quarter. State of Wyoming grew its holdings in shares of Klaviyo by 295.6% in the 2nd quarter. State of Wyoming now owns 5,439 shares of the company's stock worth $183,000 after acquiring an additional 4,064 shares during the period. Finally, Vident Advisory LLC purchased a new position in Klaviyo in the 2nd quarter valued at approximately $223,000. Hedge funds and other institutional investors own 45.43% of the company's stock.

About Klaviyo

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.