Klaviyo (NYSE:KVYO) Director Ed Hallen Sells 89,748 Shares

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 Klaviyo stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $31.71, for a total value of $2,845,909.08. Following the completion of the transaction, the director directly owned 177,776 shares of the company's stock, valued at $5,637,276.96. This represents a 33.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Klaviyo Trading Up 5.0%

Shares of Klaviyo stock traded up $1.68 during trading on Friday, reaching $35.24. The company's stock had a trading volume of 4,000,311 shares, compared to its average volume of 1,933,648. The stock has a 50-day moving average price of $32.08 and a two-hundred day moving average price of $32.09. Klaviyo, Inc. has a one year low of $23.77 and a one year high of $49.55. The stock has a market capitalization of $10.57 billion, a P/E ratio of -140.96 and a beta of 1.36.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. Klaviyo had a negative return on equity of 1.12% and a negative net margin of 6.19%.The firm had revenue of $293.12 million during the quarter, compared to analysts' expectations of $275.97 million. During the same period in the previous year, the business posted $0.15 EPS. The company's quarterly revenue was up 31.9% compared to the same quarter last year. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

Institutional Trading of Klaviyo

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Klaviyo by 9.7% in the first quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company's stock valued at $256,240,000 after buying an additional 746,078 shares during the period. Alliancebernstein L.P. raised its stake in shares of Klaviyo by 10.1% in the second quarter. Alliancebernstein L.P. now owns 4,424,249 shares of the company's stock valued at $148,566,000 after buying an additional 404,969 shares during the period. Whale Rock Capital Management LLC raised its stake in shares of Klaviyo by 7.4% during the 4th quarter. Whale Rock Capital Management LLC now owns 3,868,451 shares of the company's stock valued at $159,535,000 after purchasing an additional 267,845 shares during the period. Sands Capital Alternatives LLC raised its stake in shares of Klaviyo by 2.1% during the 2nd quarter. Sands Capital Alternatives LLC now owns 3,515,065 shares of the company's stock valued at $118,036,000 after purchasing an additional 71,550 shares during the period. Finally, Federated Hermes Inc. raised its stake in shares of Klaviyo by 9.0% during the 2nd quarter. Federated Hermes Inc. now owns 2,911,007 shares of the company's stock valued at $97,752,000 after purchasing an additional 241,207 shares during the period. 45.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KVYO has been the subject of several research analyst reports. Wall Street Zen lowered Klaviyo from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Cantor Fitzgerald upgraded Klaviyo to an "overweight" rating and set a $48.00 price objective on the stock in a research note on Tuesday, June 3rd. Piper Sandler increased their price target on Klaviyo from $40.00 to $55.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Citigroup raised Klaviyo from a "neutral" rating to a "buy" rating and upped their price objective for the company from $40.00 to $50.00 in a report on Thursday, August 7th. Finally, Benchmark increased their target price on Klaviyo from $44.00 to $46.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Nineteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $44.45.

Klaviyo Company Profile

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.