Klaviyo (NYSE:KVYO) Stock Price Down 9.5% - What's Next?

Key Points

• Klaviyo, Inc.: Shares dropped 9.5% during mid-day trading, falling to $31.90 from a prior close of $35.26, with trading volume down 53% from average levels.
• Analyst Ratings: The stock was rated "hold" by Wall Street Zen, while other analysts have varied opinions with a consensus rating of "Moderate Buy" and an average price target of $44.45.
• Insider Selling: CEO Andrew Bialecki recently sold over 226,000 shares, and over the last 90 days, insiders have sold nearly 5.1 million shares valued at approximately $161.6 million.

Shares of Klaviyo, Inc. (NYSE:KVYO - Get Free Report) dropped 9.5% during mid-day trading on Thursday . The company traded as low as $33.74 and last traded at $31.90. Approximately 916,140 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 1,937,740 shares. The stock had previously closed at $35.26.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on KVYO shares. Wall Street Zen lowered Klaviyo from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Stifel Nicolaus cut their target price on Klaviyo from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Tuesday, July 15th. Cantor Fitzgerald upgraded shares of Klaviyo to an "overweight" rating and set a $48.00 target price for the company in a research note on Tuesday, June 3rd. Macquarie reaffirmed a "neutral" rating and issued a $37.00 target price on shares of Klaviyo in a report on Wednesday, August 6th. Finally, Zacks Research raised shares of Klaviyo to a "strong sell" rating in a report on Friday, August 8th. Nineteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $44.45.

Klaviyo Stock Down 8.7%

The firm's 50-day moving average price is $32.31 and its two-hundred day moving average price is $32.05. The firm has a market capitalization of $9.66 billion, a PE ratio of -128.27 and a beta of 1.36.

Klaviyo (NYSE:KVYO - Get Free Report) last announced 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 company had revenue of $293.12 million during the quarter, compared to analysts' expectations of $275.97 million. During the same quarter in the prior year, the company posted $0.15 EPS. The business's revenue was up 31.9% on a year-over-year basis. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts forecast that Klaviyo, Inc. will post 0.04 EPS for the current year.

Insider Activity

In other news, CEO Andrew Bialecki sold 226,702 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $31.50, for a total value of $7,141,113.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Amanda Whalen sold 15,000 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $31.32, for a total value of $469,800.00. Following the completion of the transaction, the chief financial officer directly owned 485,515 shares of the company's stock, valued at $15,206,329.80. This represents a 3.00% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,077,413 shares of company stock valued at $161,623,703. 49.92% of the stock is owned by company insiders.

Institutional Investors Weigh In On Klaviyo

Several hedge funds have recently added to or reduced their stakes in the stock. TFC Financial Management Inc. bought a new stake in shares of Klaviyo in the 1st quarter valued at approximately $27,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Klaviyo during the 2nd quarter valued at about $31,000. CWM LLC increased its holdings in shares of 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 during the period. First Horizon Advisors Inc. acquired a new stake in Klaviyo during the second quarter worth about $37,000. Finally, State of Wyoming purchased a new position in shares of Klaviyo in the first quarter valued at approximately $42,000. 45.43% of the stock is owned by institutional investors.

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.

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