Klaviyo (NYSE:KVYO) Coverage Initiated by Analysts at Wells Fargo & Company

Key Points

• Klaviyo's stock has been upgraded to a "strong-buy" rating by Wells Fargo, signaling strong confidence in its future performance.
• The company reported a 31.9% increase in revenue year-over-year, with quarterly earnings exceeding analysts' expectations.
• Insider activity has been notable, with CEO Andrew Bialecki selling over $7.4 million in shares recently, while also indicating that insiders own 49.92% of the company's stock.

Analysts at Wells Fargo & Company assumed coverage on shares of Klaviyo (NYSE:KVYO - Get Free Report) in a research note issued to investors on Tuesday, Marketbeat reports. The firm set an "overweight" rating on the stock.

KVYO has been the topic of a number of other reports. Needham & Company LLC restated a "buy" rating and set a $45.00 price target on shares of Klaviyo in a research note on Friday, September 26th. Zacks Research upgraded Klaviyo to a "strong sell" rating in a research note on Friday, August 8th. Robert W. Baird cut their price target on Klaviyo from $44.00 to $39.00 and set an "outperform" rating on the stock in a research note on Friday, September 26th. Stifel Nicolaus cut their price target on Klaviyo from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Tuesday, July 15th. Finally, Benchmark raised their price target on Klaviyo from $44.00 to $46.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $44.30.

Klaviyo Stock Performance

Shares of Klaviyo stock opened at $26.01 on Tuesday. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of -104.04 and a beta of 1.27. Klaviyo has a fifty-two week low of $23.77 and a fifty-two week high of $49.55. The stock has a 50 day moving average of $32.05 and a 200 day moving average of $31.95.

Klaviyo (NYSE:KVYO - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $293.12 million during the quarter, compared to analyst estimates of $275.97 million. During the same period in the prior year, the business posted $0.15 earnings per share. The firm'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 forecast that Klaviyo will post 0.04 EPS for the current year.

Insider Buying and Selling

In other Klaviyo news, major shareholder Summit Partners L. P sold 4,000,000 shares of Klaviyo stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $31.87, for a total value of $127,480,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Bialecki sold 226,702 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $31.50, for a total transaction of $7,141,113.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,288,771 shares of company stock valued at $169,116,344. 49.92% of the stock is currently owned by company insiders.

Institutional Trading of Klaviyo

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Klaviyo by 9.7% during the 1st quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company's stock valued at $256,240,000 after buying an additional 746,078 shares during the period. Alliancebernstein L.P. boosted its position in Klaviyo by 10.1% during the 2nd quarter. Alliancebernstein L.P. now owns 4,424,249 shares of the company's stock worth $148,566,000 after purchasing an additional 404,969 shares during the period. Sands Capital Alternatives LLC boosted its position in Klaviyo by 2.1% during the 2nd quarter. Sands Capital Alternatives LLC now owns 3,515,065 shares of the company's stock worth $118,036,000 after purchasing an additional 71,550 shares during the period. Federated Hermes Inc. boosted its position in Klaviyo by 9.0% during the 2nd quarter. Federated Hermes Inc. now owns 2,911,007 shares of the company's stock worth $97,752,000 after purchasing an additional 241,207 shares during the period. Finally, American Century Companies Inc. boosted its position in Klaviyo by 123.4% during the 2nd quarter. American Century Companies Inc. now owns 2,685,480 shares of the company's stock worth $90,178,000 after purchasing an additional 1,483,427 shares during the period. 45.43% of the stock is owned by hedge funds and other 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.