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 company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $31.67, for a total value of $353,278.85. Following the transaction, the insider directly owned 675,833 shares in the company, valued at $21,403,631.11. This represents a 1.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Klaviyo Price Performance

Shares of NYSE KVYO traded up $0.7680 during trading on Friday, reaching $32.7480. 1,658,338 shares of the stock traded hands, compared to its average volume of 2,683,349. Klaviyo, Inc. has a 52-week low of $23.77 and a 52-week high of $49.55. The company has a 50-day moving average of $32.52 and a 200-day moving average of $33.67. The stock has a market capitalization of $9.82 billion, a P/E ratio of -130.99 and a beta of 1.36.

Klaviyo (NYSE:KVYO - Get Free Report) last issued 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. 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 for the quarter, compared to analysts' expectations of $275.97 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The business's revenue for the quarter 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. Analysts expect that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on KVYO shares. Stifel Nicolaus dropped their price target on Klaviyo from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Tuesday, July 15th. Barclays upped their price target on Klaviyo from $35.00 to $38.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Wall Street Zen cut Klaviyo from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Wells Fargo & Company raised Klaviyo from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $32.00 to $40.00 in a report on Friday, June 13th. Finally, Piper Sandler increased their price objective on Klaviyo from $40.00 to $55.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Eighteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $43.65.

Institutional Trading of Klaviyo

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Klaviyo by 9.7% in the 1st quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company's stock worth $256,240,000 after acquiring an additional 746,078 shares during the last quarter. Alliancebernstein L.P. increased its stake in Klaviyo by 10.1% in the 2nd quarter. Alliancebernstein L.P. now owns 4,424,249 shares of the company's stock worth $148,566,000 after acquiring an additional 404,969 shares during the last quarter. Whale Rock Capital Management LLC increased its stake in Klaviyo by 7.4% in the 4th quarter. Whale Rock Capital Management LLC now owns 3,868,451 shares of the company's stock worth $159,535,000 after acquiring an additional 267,845 shares during the last quarter. Sands Capital Alternatives LLC increased its stake in Klaviyo by 2.1% in the 2nd quarter. Sands Capital Alternatives LLC now owns 3,515,065 shares of the company's stock worth $118,036,000 after acquiring an additional 71,550 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in Klaviyo by 9.0% in the 2nd quarter. Federated Hermes Inc. now owns 2,911,007 shares of the company's stock worth $97,752,000 after acquiring an additional 241,207 shares during the last quarter. Hedge funds and other institutional investors own 45.43% of the company's stock.

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.