Klaviyo (NYSE:KVYO) Price Target Lowered to $26.00 at Wells Fargo & Company

Key Points

• Wells Fargo cut its price target on Klaviyo to $26 (from $30) while keeping an "overweight" rating; the Street consensus target is about $32.29 with the majority of analysts rated Buy (18 Buy, 3 Hold, 1 Sell).
• Shares plunged ~30.4% to $16.25 on heavy volume despite Klaviyo beating Q1 revenue and EPS and raising its outlook (about 28% revenue growth); the drop was amplified by a reported CFO resignation and analyst target cuts.
• There has been notable insider selling recently — the CEO sold 200,000 shares (halving his stake) and insiders sold ~1.47M shares (~$27.2M) over the last 90 days, even as insiders still hold a large stake (~53%).

Klaviyo (NYSE:KVYO - Get Free Report) had its price objective dropped by investment analysts at Wells Fargo & Company from $30.00 to $26.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Wells Fargo & Company's price objective would suggest a potential upside of 60.02% from the stock's current price.

A number of other equities analysts also recently issued reports on the company. Mizuho set a $37.00 price target on Klaviyo in a research report on Wednesday, February 11th. Stifel Nicolaus dropped their price target on Klaviyo from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, February 11th. Canaccord Genuity Group set a $32.00 price target on Klaviyo in a research report on Wednesday, February 11th. Benchmark dropped their price objective on Klaviyo from $46.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, February 9th. Finally, Needham & Company LLC dropped their price objective on Klaviyo from $45.00 to $30.00 and set a "buy" rating on the stock in a research report on Wednesday, February 11th. Eighteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $32.29.

Klaviyo Trading Down 30.4%

Shares of KVYO traded down $7.08 during midday trading on Wednesday, reaching $16.25. 7,064,780 shares of the stock were exchanged, compared to its average volume of 4,539,703. Klaviyo has a 52 week low of $15.51 and a 52 week high of $37.79. The company's 50 day moving average is $18.97 and its two-hundred day moving average is $23.92. The company has a market capitalization of $4.95 billion, a P/E ratio of -135.78 and a beta of 0.79.

Klaviyo (NYSE:KVYO - Get Free Report) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.02. Klaviyo had a positive return on equity of 2.03% and a negative net margin of 2.57%.The business had revenue of $350.20 million for the quarter, compared to the consensus estimate of $333.99 million. During the same quarter in the prior year, the company earned $0.07 EPS. The business's revenue was up 29.6% compared to the same quarter last year. On average, sell-side analysts expect that Klaviyo will post 0.22 EPS for the current year.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, CEO Andrew Bialecki sold 200,000 shares of the stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $17.19, for a total value of $3,438,000.00. Following the completion of the sale, the chief executive officer directly owned 200,000 shares in the company, valued at approximately $3,438,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amanda Whalen sold 14,000 shares of the stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $18.54, for a total value of $259,560.00. Following the completion of the sale, the chief financial officer owned 895,141 shares of the company's stock, valued at approximately $16,595,914.14. This trade represents a 1.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,473,909 shares of company stock worth $27,200,157. 53.24% of the stock is owned by insiders.

Institutional Investors Weigh In On Klaviyo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Klaviyo by 12.3% in the fourth quarter. Vanguard Group Inc. now owns 14,361,540 shares of the company's stock worth $466,319,000 after purchasing an additional 1,573,812 shares during the last quarter. Public Sector Pension Investment Board purchased a new position in shares of Klaviyo in the third quarter worth about $2,403,000. JPMorgan Chase & Co. raised its stake in shares of Klaviyo by 12.7% in the third quarter. JPMorgan Chase & Co. now owns 1,907,831 shares of the company's stock worth $52,828,000 after purchasing an additional 214,977 shares during the last quarter. Barton Investment Management raised its stake in shares of Klaviyo by 69.6% in the fourth quarter. Barton Investment Management now owns 670,042 shares of the company's stock worth $21,756,000 after purchasing an additional 275,053 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Klaviyo in the third quarter worth about $1,752,000. 45.43% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Klaviyo

Here are the key news stories impacting Klaviyo this week:

• Positive Sentiment: Q1 results beat and outlook raised — Klaviyo reported stronger-than-expected Q1 revenue and operating results, highlighted 28% revenue growth and its best operating margin as a public company; management raised full-year outlook, which supports longer-term growth expectations. Klaviyo Delivers Strong Q1 2026 Results
• Positive Sentiment: Earnings and revenue beats — Street beat on EPS and revenue (EPS above consensus; revenue growth ~28%), suggesting core demand and monetization remain healthy. Zacks: Q1 Earnings and Revenues Beat
• Positive Sentiment: Third‑party bullish mentions — Klaviyo was included on a recent “strong buy / growth” stock list, which can help investor interest and flows over time. InsiderMonkey: Strong Buy Growth Stocks
• Neutral Sentiment: Guidance largely in line with consensus — Q2 revenue guidance (~$359–$363M) and FY revenue midpoint were roughly consistent with Street expectations, so the company didn’t materially undercut estimates. MarketBeat: Q1 Release & Guidance
• Neutral Sentiment: Earnings call transcript available — Investors can review management’s commentary and Q&A for color on customer demand, AI/product initiatives, and margin cadence. Seeking Alpha: Q1 2026 Earnings Call Transcript
• Negative Sentiment: CFO resignation sparked immediate selloff — The unexpected announcement that the CFO is stepping down triggered an intra‑day drop as investors price in near‑term execution and leadership uncertainty. Investing.com: CFO Steps Down
• Negative Sentiment: Analyst target trimmed despite “overweight” rating — Piper Sandler cut its price target from $30 to $26 (still overweight), which can pressure sentiment by lowering near‑term valuation expectations. TickerReport: Piper Sandler Lowers PT

Klaviyo Company Profile

Klaviyo, Inc is a cloud-based marketing automation platform that enables businesses to leverage customer data for targeted email and SMS campaigns. The company's platform centralizes first-party data from various sources—including e-commerce storefronts, websites, and CRM systems—to help organizations deliver personalized marketing across the customer lifecycle. Klaviyo's core offerings include segmented email marketing, automated messaging workflows, and performance analytics designed to drive customer engagement and revenue growth.

The platform provides a suite of tools for campaign creation and management, including drag-and-drop email and SMS builders, dynamic content rendering, and A/B testing capabilities.

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