Klaviyo (NYSE:KVYO) Insider Sells $353,278.85 in Stock

Key Points

• Carmel Galvin, an insider at Klaviyo, sold 11,155 shares for a total of $353,278.85, resulting in a 1.62% decrease in their ownership.
• Klaviyo's stock price dropped 1.3% to $31.6190, with a market capitalization of approximately $9.49 billion.
• The company reported $293.12 million in revenue for the last quarter, surpassing analysts' estimates and showing a 31.9% year-over-year increase.

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) insider Carmel Galvin sold 11,155 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $31.67, for a total transaction of $353,278.85. Following the completion of the transaction, the insider owned 675,833 shares in the company, valued at approximately $21,403,631.11. This trade represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Klaviyo Stock Down 1.3%

NYSE:KVYO traded down $0.4010 on Tuesday, reaching $31.6190. The stock had a trading volume of 1,611,849 shares, compared to its average volume of 2,556,863. The company has a market capitalization of $9.49 billion, a P/E ratio of -126.48 and a beta of 1.36. Klaviyo, Inc. has a 1-year low of $23.77 and a 1-year high of $49.55. The stock has a fifty day moving average price of $32.62 and a 200-day moving average price of $33.99.

Klaviyo (NYSE:KVYO - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 6.19% and a negative return on equity of 1.12%. The company's revenue for the quarter was up 31.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 earnings per share. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts predict that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Klaviyo

Several large investors have recently bought and sold shares of KVYO. TFC Financial Management Inc. bought a new stake in Klaviyo in the first quarter valued at approximately $27,000. CWM LLC increased its stake in Klaviyo by 227.5% in the first quarter. CWM LLC now owns 930 shares of the company's stock valued at $28,000 after purchasing an additional 646 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Klaviyo in the second quarter valued at approximately $31,000. First Horizon Advisors Inc. bought a new stake in Klaviyo in the second quarter valued at approximately $37,000. Finally, State of Wyoming bought a new stake in Klaviyo in the first quarter valued at approximately $42,000. Institutional investors own 45.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on KVYO shares. Zacks Research raised shares of Klaviyo to a "strong sell" rating in a research note on Friday, August 8th. Benchmark boosted their target price on shares of Klaviyo from $44.00 to $46.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen downgraded shares of Klaviyo from a "buy" rating to a "hold" rating in a research note on Sunday. Wells Fargo & Company raised shares of Klaviyo from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $32.00 to $40.00 in a research note on Friday, June 13th. Finally, Barclays boosted their target price on shares of Klaviyo from $35.00 to $38.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Eighteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Klaviyo has an average rating of "Moderate Buy" and an average target price of $43.65.

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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