Klaviyo (NYSE:KVYO) Trading Up 7.6% - Should You Buy?

Key Points

• Klaviyo shares rose 7.6% to about $19.14 in mid-day trading, though volume was 74% below the average daily level.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $27.14, implying substantial upside from the trading price.
• The company met quarterly EPS expectations at $0.19 and exceeded revenue estimates with $370.58 million, up 26.4% year over year; however, recent insider selling included a $88.6 million stake sale by Summit Partners.

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) rose 7.6% during mid-day trading on Thursday . The stock traded as high as $19.10 and last traded at $19.1350. 1,404,091 shares changed hands during trading, a decline of 74% from the average daily volume of 5,464,917 shares. The stock had previously closed at $17.79.

Analyst Ratings Changes

KVYO has been the topic of several recent analyst reports. Mizuho set a $28.00 price target on Klaviyo in a research note on Thursday, August 6th. The Goldman Sachs Group set a $26.00 price objective on Klaviyo and gave the stock a "buy" rating in a research report on Wednesday, June 24th. Canaccord Genuity Group reduced their price objective on Klaviyo from $32.00 to $29.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Citigroup lifted their target price on Klaviyo from $34.00 to $36.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Finally, Barclays reduced their price target on shares of Klaviyo from $25.00 to $22.00 and set an "overweight" rating on the stock in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $27.14.

Klaviyo Stock Performance

The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 968.78 and a beta of 0.54. The company has a fifty day simple moving average of $17.01 and a 200 day simple moving average of $17.40.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its 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 the consensus estimate of $362.08 million. Klaviyo had a net margin of 0.49% and a return on equity of 5.67%. Klaviyo's quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 earnings per share. As a group, equities analysts predict that Klaviyo, Inc. will post 0.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Amanda Whalen sold 14,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $18.47, for a total value of $258,580.00. Following the transaction, the chief financial officer directly owned 824,192 shares in the company, valued at $15,222,826.24. This trade represents a 1.67% decrease in their position. The sale 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, major shareholder Summit Partners L. P sold 5,000,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $17.71, for a total value of $88,550,000.00. The SEC filing for this sale provides additional information. Insiders have sold 5,028,000 shares of company stock worth $88,993,800 over the last ninety days. 37.42% of the stock is owned by insiders.

Institutional Investors Weigh In On Klaviyo

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Klaviyo by 1,650.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company's stock worth $27,000 after buying an additional 908 shares during the last quarter. Quarry LP bought a new stake in shares of Klaviyo during the 3rd quarter valued at about $44,000. Osaic Holdings Inc. lifted its position in Klaviyo by 317.0% during the second quarter. Osaic Holdings Inc. now owns 1,689 shares of the company's stock valued at $55,000 after purchasing an additional 1,284 shares during the last quarter. Optiver Holding B.V. purchased a new position in Klaviyo in the first quarter worth $39,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Klaviyo by 2,641.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,207 shares of the company's stock worth $104,000 after purchasing an additional 3,090 shares in 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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