Klaviyo (NYSE:KVYO) Stock Rating Upgraded by Morgan Stanley

Key Points

• Morgan Stanley upgraded Klaviyo (NYSE:KVYO) from an "equal weight" to an "overweight" rating, with a new price target of $50.00, indicating a potential upside of 48.72% from current levels.
• Klaviyo reported $293.12 million in revenue for the last quarter, exceeding estimates and reflecting a 31.9% year-over-year growth in comparison to the previous year.
• Insiders have sold over 5 million shares of Klaviyo stock in the last 90 days, with significant sales from both the CFO and a director, indicating notable shifts in insider sentiment.

Morgan Stanley upgraded shares of Klaviyo (NYSE:KVYO - Free Report) from an equal weight rating to an overweight rating in a report released on Friday, Marketbeat Ratings reports. The brokerage currently has $50.00 price target on the stock, up from their prior price target of $40.00.

A number of other analysts have also weighed in on the company. Macquarie restated a "neutral" rating and issued a $37.00 target price on shares of Klaviyo in a research note on Wednesday, August 6th. Zacks Research upgraded Klaviyo to a "strong sell" rating in a research note on Friday, August 8th. Piper Sandler raised their target price on Klaviyo from $40.00 to $55.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. TD Cowen raised their target price on Klaviyo from $45.00 to $46.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen lowered Klaviyo from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Nineteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $44.45.

Klaviyo Trading Down 0.2%

KVYO stock traded down $0.07 during midday trading on Friday, hitting $35.85. The stock had a trading volume of 696,675 shares, compared to its average volume of 1,930,656. The firm has a market capitalization of $10.75 billion, a price-to-earnings ratio of -143.65 and a beta of 1.36. Klaviyo has a 52 week low of $23.77 and a 52 week high of $49.55. The stock has a 50-day simple moving average of $32.17 and a 200 day simple moving average of $32.01.

Klaviyo (NYSE:KVYO - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.16 EPS 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 firm had revenue of $293.12 million during the quarter, compared to analysts' expectations of $275.97 million. During the same period last year, the business earned $0.15 earnings per share. Klaviyo's quarterly revenue 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. On average, equities analysts forecast that Klaviyo will post 0.04 EPS for the current year.

Insider Buying and Selling at Klaviyo

In related news, insider Carmel Galvin sold 11,155 shares of Klaviyo stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $31.67, for a total value of $353,278.85. Following the sale, the insider owned 675,833 shares of the company's stock, valued at approximately $21,403,631.11. This trade represents 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. Also, 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 disclosure for this sale can be found here. Insiders have sold a total of 5,077,413 shares of company stock worth $161,623,703 over the last three months. Company insiders own 53.24% of the company's stock.

Institutional Investors Weigh In On Klaviyo

A number of hedge funds and other institutional investors have recently bought and sold shares of KVYO. Bank of America Corp DE raised its position in Klaviyo by 8.4% in the 4th quarter. Bank of America Corp DE now owns 276,697 shares of the company's stock valued at $11,411,000 after buying an additional 21,425 shares during the last quarter. Cetera Investment Advisers acquired a new stake in Klaviyo in the 4th quarter valued at approximately $277,000. Squarepoint Ops LLC acquired a new stake in Klaviyo in the 4th quarter valued at approximately $2,099,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Klaviyo by 76.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,178 shares of the company's stock valued at $4,338,000 after buying an additional 45,523 shares during the last quarter. Finally, Total Wealth Planning & Management Inc. acquired a new stake in Klaviyo in the 4th quarter valued at approximately $397,000. Institutional investors and hedge funds own 45.43% of the company's stock.

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.