Klaviyo, Inc. $KVYO Shares Sold by Sands Capital Ventures LLC

Sands Capital Ventures LLC cut its holdings in Klaviyo, Inc. (NYSE:KVYO) by 0.8% during the first quarter, Holdings Channel.com reports. The firm owned 3,443,515 shares of the company’s stock after selling 27,179 shares during the quarter. Klaviyo accounts for about 25.5% of Sands Capital Ventures LLC’s portfolio, making the stock its biggest position. Sands Capital Ventures LLC’s holdings in Klaviyo were worth $104,201,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. CWM LLC grew its stake in Klaviyo by 227.5% in the first quarter. CWM LLC now owns 930 shares of the company’s stock valued at $28,000 after purchasing an additional 646 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Klaviyo by 5.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 14,285 shares of the company’s stock worth $589,000 after acquiring an additional 677 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Klaviyo by 77.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company’s stock worth $77,000 after acquiring an additional 818 shares in the last quarter. Cabot Wealth Management Inc. lifted its stake in Klaviyo by 1.0% in the first quarter. Cabot Wealth Management Inc. now owns 90,126 shares of the company’s stock valued at $2,727,000 after acquiring an additional 854 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in shares of Klaviyo by 1.8% in the 4th quarter. California State Teachers Retirement System now owns 49,997 shares of the company’s stock valued at $2,062,000 after acquiring an additional 864 shares during the period. Institutional investors own 45.43% of the company’s stock.

Insider Activity at Klaviyo

In related news, CFO Amanda Whalen sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $31.32, for a total transaction of $469,800.00. Following the completion of the transaction, the chief financial officer directly owned 485,515 shares in the company, valued at $15,206,329.80. This represents a 3.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Stephen Eric Rowland sold 7,105 shares of the business’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $31.46, for a total transaction of $223,523.30. Following the sale, the president directly owned 445,726 shares in the company, valued at approximately $14,022,539.96. The trade was a 1.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,087,383 shares of company stock worth $136,183,878 in the last ninety days. Insiders own 49.92% of the company’s stock.

Wall Street Analyst Weigh In

KVYO has been the subject of several recent analyst reports. Wells Fargo & Company upgraded shares of Klaviyo from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $32.00 to $40.00 in a research note on Friday, June 13th. The Goldman Sachs Group reduced their price objective on shares of Klaviyo from $51.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th. Needham & Company LLC cut their target price on shares of Klaviyo from $56.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. Wall Street Zen downgraded shares of Klaviyo from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Stifel Nicolaus cut their price objective on shares of Klaviyo from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, July 15th. Eighteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Klaviyo has a consensus rating of “Moderate Buy” and a consensus price target of $43.65.

Klaviyo Trading Down 1.1%

NYSE KVYO opened at $31.2610 on Thursday. The company has a market cap of $9.38 billion, a price-to-earnings ratio of -125.04 and a beta of 1.36. The company has a 50 day moving average of $32.56 and a 200-day moving average of $33.97. Klaviyo, Inc. has a 1-year low of $23.77 and a 1-year high of $49.55.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $293.12 million for the quarter, compared to analyst estimates of $275.97 million. Klaviyo had a negative return on equity of 1.12% and a negative net margin of 6.19%.The company’s revenue was up 31.9% on a year-over-year basis. During the same quarter last year, the company earned $0.15 EPS. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts forecast that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

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.