Klaviyo (NYSE:KVYO) Insider Landon Edmond Sells 9,965 Shares

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 business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $31.46, for a total transaction of $313,498.90. Following the transaction, the insider directly owned 392,584 shares in the company, valued at approximately $12,350,692.64. The trade was a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Klaviyo Price Performance

Klaviyo stock traded down $0.4010 during mid-day trading on Tuesday, reaching $31.6190. 1,611,849 shares of the company traded hands, compared to its average volume of 2,556,863. The firm's 50 day moving average price is $32.62 and its 200 day moving average price is $33.99. The firm has a market capitalization of $9.49 billion, a price-to-earnings ratio of -126.48 and a beta of 1.36. 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 issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. Klaviyo had a negative net margin of 6.19% and a negative return on equity of 1.12%. The business had revenue of $293.12 million for the quarter, compared to the consensus estimate of $275.97 million. During the same period in the previous year, the firm earned $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. On average, sell-side analysts anticipate that Klaviyo, Inc. will post 0.04 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KVYO. Needham & Company LLC dropped their target price on shares of Klaviyo from $56.00 to $45.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Barclays boosted their target price on shares of Klaviyo from $35.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. The Goldman Sachs Group dropped their target price on shares of Klaviyo from $51.00 to $44.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. TD Cowen boosted their target price on shares of Klaviyo from $45.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Zacks Research upgraded shares of Klaviyo to a "strong sell" rating in a report on Friday, August 8th. Eighteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $43.65.

Hedge Funds Weigh In On Klaviyo

Hedge funds and other institutional investors have recently bought and sold shares of the stock. TFC Financial Management Inc. bought a new position in Klaviyo during the 1st quarter valued at about $27,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Klaviyo during the 2nd quarter valued at about $31,000. CWM LLC lifted its stake in Klaviyo by 227.5% during the 1st quarter. CWM LLC now owns 930 shares of the company's stock valued at $28,000 after acquiring an additional 646 shares during the period. First Horizon Advisors Inc. bought a new position in Klaviyo during the 2nd quarter valued at about $37,000. Finally, State of Wyoming bought a new position in Klaviyo during the 1st quarter valued at about $42,000. 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.

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