Klaviyo (NYSE:KVYO) Trading 8.8% Higher - What's Next?

Key Points

• Klaviyo shares rose 8.8% to about $18.78 in mid-day trading, although volume was 44% below the average session level.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $27.14, despite some recent target reductions and downgrades to “Hold.”
• Klaviyo’s latest quarter met EPS expectations at $0.19 and exceeded revenue estimates with $370.6 million, up 26.4% year over year; however, insiders sold roughly $6.4 million of stock over the past 90 days.

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) traded up 8.8% during mid-day trading on Thursday . The stock traded as high as $18.21 and last traded at $18.7750. 3,079,196 shares changed hands during trading, a decline of 44% from the average session volume of 5,526,027 shares. The stock had previously closed at $17.25.

Wall Street Analyst Weigh In

Several research analysts have recently commented on KVYO shares. The Goldman Sachs Group set a $26.00 price objective on Klaviyo and gave the stock a "buy" rating in a report on Wednesday, June 24th. Piper Sandler reduced their price target on Klaviyo from $26.00 to $23.00 and set an "overweight" rating on the stock in a research report on Thursday, August 6th. Benchmark cut Klaviyo from a "buy" rating to a "hold" rating in a research note on Thursday, August 6th. Wall Street Zen downgraded Klaviyo from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, BTIG Research dropped their price objective on Klaviyo from $30.00 to $25.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Klaviyo currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.14.

Klaviyo Price Performance

The stock has a market capitalization of $5.79 billion, a PE ratio of 967.98 and a beta of 0.54. The company has a 50 day moving average price of $16.29 and a 200-day moving average price of $17.73.

Klaviyo (NYSE:KVYO - Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $362.08 million. Klaviyo had a return on equity of 5.67% and a net margin of 0.49%.The firm's revenue was up 26.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share. As a group, equities analysts anticipate that Klaviyo, Inc. will post 0.24 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Ledger Susan St. sold 9,334 shares of the business's stock in a transaction on Monday, May 18th. The shares were sold at an average price of $14.27, for a total transaction of $133,196.18. Following the sale, the director owned 10,939 shares in the company, valued at approximately $156,099.53. The trade was a 46.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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, June 18th. The stock was sold at an average price of $13.23, for a total transaction of $185,220.00. Following the completion of the transaction, the chief financial officer owned 852,192 shares of the company's stock, valued at approximately $11,274,500.16. The trade was a 1.62% 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 90 days, insiders sold 435,863 shares of company stock worth $6,399,465. 37.42% of the stock is owned by corporate insiders.

Institutional Trading of Klaviyo

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Morgan Stanley raised its stake in Klaviyo by 36.1% during the fourth quarter. Morgan Stanley now owns 14,547,090 shares of the company's stock valued at $472,344,000 after buying an additional 3,855,160 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Klaviyo by 12.3% in the 4th 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. Capital International Investors bought a new position in Klaviyo in the 4th quarter worth about $415,254,000. Alliancebernstein L.P. boosted 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 purchasing an additional 404,969 shares in the last quarter. Finally, Sands Capital Alternatives LLC grew its position in Klaviyo by 3.8% during the 4th quarter. Sands Capital Alternatives LLC now owns 3,649,678 shares of the company's stock valued at $118,505,000 after purchasing an additional 134,613 shares during the last quarter. Hedge funds and other institutional investors own 45.43% of the company's stock.

About Klaviyo

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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