Short Interest in Klaviyo, Inc. (NYSE:KVYO) Grows By 25.1%

Key Points

• Short interest rose 25.1% to 12,553,986 shares as of April 15 (about 8.2% of the float), with a days-to-cover ratio of 3.1 based on average daily volume.
• Insiders have been net sellers, offloading 1,473,909 shares worth roughly $27.2M over the past 90 days (including sales by the CEO and CFO), even though insiders still own about 49.92% of the company.
• Large institutional interest persists — Capital International bought a new ~$415M stake and Morgan Stanley increased its holding to 14.55M shares (~$472M) — and analysts maintain a consensus Moderate Buy with a $33.19 price target.

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 12,553,986 shares, an increase of 25.1% from the March 31st total of 10,038,330 shares. Currently, 8.2% of the shares of the company are short sold. Based on an average daily volume of 4,057,750 shares, the days-to-cover ratio is presently 3.1 days.

Analyst Upgrades and Downgrades

KVYO has been the topic of several research reports. Morgan Stanley set a $34.00 price objective on Klaviyo in a report on Wednesday. BTIG Research lowered their price target on Klaviyo from $40.00 to $30.00 and set a "buy" rating on the stock in a report on Wednesday, February 11th. Barclays lowered their price target on Klaviyo from $42.00 to $31.00 and set an "overweight" rating on the stock in a report on Wednesday, February 11th. Stifel Nicolaus lowered their price target on Klaviyo from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, February 11th. Finally, Truist Financial lowered their price target on Klaviyo from $45.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, February 11th. Eighteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $33.19.

Insiders Place Their Bets

In other Klaviyo news, CFO Amanda Whalen sold 14,000 shares of the firm's stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $18.54, for a total transaction of $259,560.00. Following the transaction, the chief financial officer owned 895,141 shares of the company's stock, valued at approximately $16,595,914.14. This trade represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Bialecki sold 206,827 shares of the firm's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $19.96, for a total value of $4,128,266.92. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,473,909 shares of company stock valued at $27,200,157. 49.92% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Klaviyo

A number of institutional investors have recently added to or reduced their stakes in KVYO. Capital International Investors purchased a new stake in Klaviyo in the 4th quarter valued at approximately $415,254,000. Morgan Stanley boosted its holdings in Klaviyo by 36.1% in the 4th quarter. Morgan Stanley now owns 14,547,090 shares of the company's stock valued at $472,344,000 after purchasing an additional 3,855,160 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in Klaviyo in the 4th quarter valued at approximately $92,675,000. Vanguard Group Inc. boosted its holdings in Klaviyo by 19.2% in the 3rd quarter. Vanguard Group Inc. now owns 12,787,728 shares of the company's stock valued at $354,092,000 after purchasing an additional 2,059,550 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Klaviyo by 86.8% in the 4th quarter. JPMorgan Chase & Co. now owns 3,564,743 shares of the company's stock valued at $115,747,000 after purchasing an additional 1,656,912 shares in the last quarter. Hedge funds and other institutional investors own 45.43% of the company's stock.

Klaviyo Trading Up 10.1%

Shares of NYSE KVYO traded up $2.04 during midday trading on Friday, reaching $22.13. 6,056,502 shares of the company were exchanged, compared to its average volume of 4,221,832. Klaviyo has a 1 year low of $15.53 and a 1 year high of $37.79. The stock has a fifty day simple moving average of $18.85 and a 200 day simple moving average of $23.93. The stock has a market cap of $6.74 billion, a P/E ratio of -184.39 and a beta of 0.79.

Klaviyo (NYSE:KVYO - Get Free Report) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.02. Klaviyo had a positive return on equity of 2.03% and a negative net margin of 2.57%.The firm had revenue of $350.20 million for the quarter, compared to analyst estimates of $333.99 million. During the same quarter last year, the company posted $0.07 earnings per share. The business's revenue was up 29.6% on a year-over-year basis. As a group, analysts forecast that Klaviyo will post 0.22 earnings per share for the current year.

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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