Klaviyo (NYSE:KVYO) Stock Price Down 5.4% After Insider Selling

Key Points

• Klaviyo shares fell 5.4% to about $19.52 after insiders sold stock, with trading volume roughly 57% below the average session volume.
• Director Ed Hallen sold 98,782 shares worth about $2.02 million, while insider Landon Edmond sold shares in two transactions; all sales were conducted under pre-arranged Rule 10b5-1 plans.
• Analysts maintain a consensus “Moderate Buy” rating with a $27.14 price target. Klaviyo’s latest quarterly results met EPS expectations, exceeded revenue estimates, and showed 26.4% year-over-year revenue growth.

Shares of Klaviyo, Inc. (NYSE:KVYO - Get Free Report) dropped 5.4% on Wednesday after an insider sold shares in the company. The company traded as low as $19.59 and last traded at $19.5210. Approximately 2,399,553 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 5,532,563 shares. The stock had previously closed at $20.64.

Specifically, Director Ed Hallen sold 98,782 shares of the business's stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $20.48, for a total transaction of $2,023,055.36. Following the sale, the director owned 94,457 shares of the company's stock, valued at approximately $1,934,479.36. The trade was a 51.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Landon Edmond sold 8,103 shares of Klaviyo stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $20.44, for a total value of $165,625.32. Following the sale, the insider directly owned 477,866 shares of the company's stock, valued at approximately $9,767,581.04. This represents a 1.67% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other news, insider Landon Edmond sold 53,473 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $20.01, for a total value of $1,069,994.73. Following the transaction, the insider directly owned 485,969 shares of the company's stock, valued at approximately $9,724,239.69. This represents a 9.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Ratings Changes

A number of equities research analysts have recently commented on KVYO shares. Scotiabank set a $32.00 price objective on shares of Klaviyo in a research note on Wednesday, June 17th. Truist Financial dropped their price target on shares of Klaviyo from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Mizuho set a $28.00 price objective on shares of Klaviyo in a report on Thursday, August 6th. The Goldman Sachs Group set a $26.00 price objective on shares of Klaviyo and gave the stock a "buy" rating in a research report on Wednesday, June 24th. Finally, Jefferies Financial Group restated a "buy" rating and set a $21.00 target price on shares of Klaviyo in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $27.14.

Klaviyo Trading Down 5.4%

The stock's fifty day moving average price is $17.57 and its 200-day moving average price is $17.40. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of 977.29 and a beta of 0.57.

Klaviyo (NYSE:KVYO - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, hitting analysts' consensus estimates of $0.19. The business had revenue of $370.58 million during the quarter, compared to analysts' expectations of $362.08 million. Klaviyo had a return on equity of 5.67% and a net margin of 0.49%.The company's revenue was up 26.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 EPS. Analysts predict that Klaviyo, Inc. will post 0.2 earnings per share for the current year.

Hedge Funds Weigh In On Klaviyo

A number of institutional investors and hedge funds have recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Klaviyo in the second quarter valued at $488,000. California State Teachers Retirement System raised its stake in shares of Klaviyo by 1,429.1% during the second quarter. California State Teachers Retirement System now owns 2,376,514 shares of the company's stock worth $35,885,000 after purchasing an additional 2,221,092 shares during the last quarter. AXQ Capital LP purchased a new stake in shares of Klaviyo in the second quarter valued at about $371,000. Nykredit A S acquired a new position in Klaviyo during the second quarter worth $90,000. Finally, Kerrisdale Advisers LLC acquired a new stake in shares of Klaviyo during the 2nd quarter valued at approximately $1,376,000. Institutional investors and hedge funds 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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