Insider Selling: Klaviyo (NYSE:KVYO) Insider Sells 9,965 Shares of Stock

Key Points

• Landon Edmond, an insider at Klaviyo, sold 9,965 shares of the company's stock at an average price of $31.46, amounting to approximately $313,498.90, reducing his ownership by 2.48%.
• Klaviyo reported $0.16 earnings per share for the quarter, exceeding analysts' expectations, with revenues of $293.12 million, up 31.9% year-over-year.
• Analysts have mixed ratings on Klaviyo's stock, with the average price target at $43.65, while notable brokerages such as Needham & Company and Goldman Sachs have reduced their target prices significantly.

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) insider Landon Edmond sold 9,965 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $31.46, for a total value of $313,498.90. Following the transaction, the insider owned 392,584 shares in the company, valued at $12,350,692.64. This trade represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Klaviyo Stock Up 2.4%

Shares of Klaviyo stock traded up $0.7680 during trading on Friday, hitting $32.7480. 1,658,338 shares of the stock traded hands, compared to its average volume of 2,683,349. The stock has a market cap of $9.82 billion, a price-to-earnings ratio of -130.99 and a beta of 1.36. The firm's fifty day moving average is $32.52 and its 200-day moving average is $33.67. 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 announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $293.12 million for the quarter, compared to analyst estimates of $275.97 million. Klaviyo had a negative return on equity of 1.12% and a negative net margin of 6.19%.The company's revenue was up 31.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.15 EPS. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts forecast that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KVYO has been the subject of several analyst reports. Cantor Fitzgerald upgraded Klaviyo to an "overweight" rating and set a $48.00 target price for the company in a report on Tuesday, June 3rd. Citigroup upgraded Klaviyo from a "neutral" rating to a "buy" rating and increased their target price for the company from $40.00 to $50.00 in a report on Thursday, August 7th. The Goldman Sachs Group dropped their target price on Klaviyo from $51.00 to $44.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Needham & Company LLC dropped their target price on Klaviyo from $56.00 to $45.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Finally, Stifel Nicolaus dropped their target price on Klaviyo from $45.00 to $40.00 and set a "buy" rating for the company in a report on Tuesday, July 15th. Eighteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.65.

Institutional Investors Weigh In On Klaviyo

Several institutional investors and hedge funds have recently bought and sold shares of the business. State of Wyoming lifted its holdings in 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 buying an additional 4,064 shares during the period. Vident Advisory LLC purchased a new stake in Klaviyo in the 2nd quarter worth approximately $223,000. Snowden Capital Advisors LLC lifted its holdings in Klaviyo by 11.4% in the 2nd quarter. Snowden Capital Advisors LLC now owns 110,334 shares of the company's stock worth $3,705,000 after buying an additional 11,309 shares during the period. Orion Porfolio Solutions LLC purchased a new position in shares of Klaviyo in the 2nd quarter valued at approximately $1,245,000. Finally, Lazard Asset Management LLC purchased a new position in shares of Klaviyo in the 2nd quarter valued at approximately $124,000. 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.