Klaviyo (NYSE:KVYO) Stock Price Down 5.6% - Here's What Happened

Key Points

• Klaviyo shares fell 5.6% to $17.33 on Wednesday, with roughly 5.05 million shares traded. The company has a $5.16 billion market capitalization and trades at a notably high P/E ratio of about 863.
• Recent quarterly results were broadly in line with expectations: EPS was $0.19, while revenue of $370.58 million exceeded forecasts and rose 26.4% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $27.14.
• Insiders have been selling shares, including the CFO and CEO, with 449,863 shares sold for approximately $6.6 million over the past 90 days. Institutional investors own 45.43% of the stock, while company insiders hold 37.42%.

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) traded down 5.6% on Wednesday . The company traded as low as $17.33 and last traded at $17.33. Approximately 5,045,917 shares traded hands during trading, a decline of 8% from the average session volume of 5,513,301 shares. The stock had previously closed at $18.36.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Canaccord Genuity Group reduced their price target on Klaviyo from $32.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Barclays reduced their target price on shares of Klaviyo from $25.00 to $22.00 and set an "overweight" rating for the company in a research report on Thursday, August 6th. TD Cowen decreased their price target on shares of Klaviyo from $27.00 to $26.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Cantor Fitzgerald dropped their price objective on shares of Klaviyo from $35.00 to $28.00 and set an "overweight" rating for the company in a research note on Wednesday, April 15th. Finally, Stephens boosted their price objective on shares of Klaviyo from $24.00 to $25.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Klaviyo has an average rating of "Moderate Buy" and an average target price of $27.14.

Klaviyo Trading Down 6.0%

The stock has a market capitalization of $5.16 billion, a P/E ratio of 862.93 and a beta of 0.54. The business has a 50-day moving average price of $16.26 and a two-hundred day moving average price of $17.80.

Klaviyo (NYSE:KVYO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, hitting analysts' consensus estimates of $0.19. The company had revenue of $370.58 million for the quarter, compared to analysts' expectations of $362.08 million. Klaviyo had a return on equity of 5.67% and a net margin of 0.49%.Klaviyo's revenue was up 26.4% on a year-over-year basis. During the same quarter last year, the business earned $0.16 earnings per share. On average, sell-side analysts forecast that Klaviyo, Inc. will post 0.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Klaviyo

In other news, CFO Amanda Whalen sold 14,000 shares of the business's stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $13.23, for a total value of $185,220.00. Following the completion of the transaction, the chief financial officer directly owned 852,192 shares in the company, valued at approximately $11,274,500.16. The trade was a 1.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Bialecki sold 212,529 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $14.61, for a total transaction of $3,105,048.69. Following the sale, the chief executive officer owned 212,529 shares in the company, valued at $3,105,048.69. This represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 449,863 shares of company stock valued at $6,599,105 in the last ninety days. 37.42% of the stock is currently owned by company insiders.

Institutional Trading of Klaviyo

Several institutional investors and hedge funds have recently modified their holdings of KVYO. Vanguard Group Inc. grew 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. Jefferies Financial Group Inc. raised its position in Klaviyo by 2,320.7% during the 4th quarter. Jefferies Financial Group Inc. now owns 455,000 shares of the company's stock worth $14,774,000 after purchasing an additional 436,204 shares during the last quarter. Delta Global Management LP lifted its holdings in Klaviyo by 52.7% during the 4th quarter. Delta Global Management LP now owns 785,308 shares of the company's stock worth $25,499,000 after buying an additional 270,944 shares during the period. Huntington National Bank grew its position in shares of Klaviyo by 117.1% in the 4th quarter. Huntington National Bank now owns 166,501 shares of the company's stock valued at $5,406,000 after buying an additional 89,800 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Klaviyo by 8.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,508,137 shares of the company's stock valued at $29,348,000 after buying an additional 123,480 shares during the last quarter. 45.43% of the stock is currently owned by institutional investors.

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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