Klaviyo (NYSE:KVYO) Upgraded to "Overweight" at 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.

Klaviyo (NYSE:KVYO - Get Free Report) was upgraded by analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a $50.00 price objective on the stock, up from their prior price objective of $40.00. Morgan Stanley's price objective would suggest a potential upside of 48.72% from the stock's current price.

KVYO has been the topic of a number of other research reports. TD Cowen raised their price target on shares of Klaviyo from $45.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Wells Fargo & Company upgraded shares of Klaviyo from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $32.00 to $40.00 in a report on Friday, June 13th. Piper Sandler raised their price target on shares of Klaviyo from $40.00 to $55.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Cantor Fitzgerald upgraded shares of Klaviyo to an "overweight" rating and set a $48.00 price target on the stock in a report on Tuesday, June 3rd. Finally, Zacks Research upgraded shares of Klaviyo to a "strong sell" rating in a report on Friday, August 8th. Nineteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Klaviyo presently has an average rating of "Moderate Buy" and a consensus price target of $44.45.

Klaviyo Stock Down 0.1%

KVYO stock opened at $33.62 on Friday. Klaviyo has a 12-month low of $23.77 and a 12-month high of $49.55. The company has a market cap of $10.09 billion, a price-to-earnings ratio of -134.48 and a beta of 1.36. The company has a 50 day moving average of $32.01 and a two-hundred day moving average of $32.11.

Klaviyo (NYSE:KVYO - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $275.97 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The company's 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, research analysts anticipate that Klaviyo will post 0.04 EPS for the current year.

Insider Buying and Selling at Klaviyo

In other news, CFO Amanda Whalen sold 15,000 shares of Klaviyo stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $31.50, for a total transaction of $472,500.00. Following the sale, the chief financial officer directly owned 481,719 shares in the company, valued at approximately $15,174,148.50. The trade was a 3.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ed Hallen sold 89,748 shares of the business's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $31.71, for a total transaction of $2,845,909.08. Following the completion of the transaction, the director owned 177,776 shares in the company, valued at approximately $5,637,276.96. This trade represents a 33.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,077,413 shares of company stock worth $161,623,703 in the last 90 days. 49.92% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Klaviyo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Klaviyo by 9.7% in the first 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 in the last quarter. Alliancebernstein L.P. boosted its position in Klaviyo by 10.1% in the second quarter. Alliancebernstein L.P. now owns 4,424,249 shares of the company's stock valued at $148,566,000 after buying an additional 404,969 shares in the last quarter. Sands Capital Alternatives LLC boosted its position in Klaviyo by 2.1% in the second quarter. Sands Capital Alternatives LLC now owns 3,515,065 shares of the company's stock valued at $118,036,000 after buying an additional 71,550 shares in the last quarter. Federated Hermes Inc. boosted its position in Klaviyo by 9.0% in the second quarter. Federated Hermes Inc. now owns 2,911,007 shares of the company's stock valued at $97,752,000 after buying an additional 241,207 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Klaviyo by 123.4% in the second quarter. American Century Companies Inc. now owns 2,685,480 shares of the company's stock valued at $90,178,000 after buying an additional 1,483,427 shares in the last quarter. 45.43% of the stock is currently owned by institutional investors and hedge funds.

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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