Summit Partners P Sells 5,000,000 Shares of Klaviyo (NYSE:KVYO) Stock

Klaviyo, Inc. (NYSE:KVYO) major shareholder Summit Partners P sold 5,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $17.71, for a total value of $88,550,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Klaviyo Trading Down 4.0%

Shares of KVYO opened at $18.46 on Friday. The stock has a market cap of $5.26 billion, a PE ratio of 923.41 and a beta of 0.54. Klaviyo, Inc. has a 1 year low of $12.53 and a 1 year high of $36.22. The stock has a 50 day simple moving average of $16.42 and a 200-day simple moving average of $17.69.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. Klaviyo had a return on equity of 5.67% and a net margin of 0.49%.The business had revenue of $370.58 million for the quarter, compared to analyst estimates of $362.08 million. During the same quarter in the previous year, the firm earned $0.16 EPS. Klaviyo’s quarterly revenue was up 26.4% on a year-over-year basis. On average, sell-side analysts forecast that Klaviyo, Inc. will post 0.2 EPS for the current fiscal year.

Institutional Trading of Klaviyo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KVYO. Natixis Advisors LLC lifted its position in Klaviyo by 3.4% during the 3rd quarter. Natixis Advisors LLC now owns 11,397 shares of the company’s stock valued at $316,000 after purchasing an additional 372 shares during the period. Pathstone Holdings LLC grew its position in shares of Klaviyo by 0.5% during the 3rd quarter. Pathstone Holdings LLC now owns 173,931 shares of the company’s stock worth $4,816,000 after buying an additional 858 shares during the period. Caitong International Asset Management Co. Ltd grew its position in shares of Klaviyo by 1,650.9% during 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 period. Advisors Asset Management Inc. raised its stake in shares of Klaviyo by 29.5% during the fourth quarter. Advisors Asset Management Inc. now owns 4,171 shares of the company’s stock worth $135,000 after buying an additional 951 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its holdings in Klaviyo by 1.2% in the third quarter. Squarepoint Ops LLC now owns 95,394 shares of the company’s stock valued at $2,641,000 after buying an additional 1,104 shares during the period. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on KVYO. Weiss Ratings raised shares of Klaviyo from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, August 6th. Truist Financial cut their price target on shares of Klaviyo from $35.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 6th. KeyCorp reduced their price target on shares of Klaviyo from $35.00 to $29.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Robert W. Baird set a $25.00 price objective on shares of Klaviyo in a research note on Thursday, August 6th. Finally, The Goldman Sachs Group set a $26.00 price objective on shares of Klaviyo and gave the stock a “buy” rating in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Klaviyo has a consensus rating of “Moderate Buy” and an average target price of $27.14.

Klaviyo Company Profile

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.