Klaviyo (NYSE:KVYO) Stock Price Up 6.8% – Here’s What Happened

Klaviyo, Inc. (NYSE:KVYO) rose 6.8% on Thursday . The stock traded as high as $20.63 and last traded at $20.6140. Approximately 327,167 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 5,524,964 shares. The stock had previously closed at $19.31.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on KVYO shares. Canaccord Genuity Group reduced their target price on Klaviyo from $32.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, August 6th. TD Cowen cut their price objective on shares of Klaviyo from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Scotiabank set a $32.00 price objective on shares of Klaviyo in a research note on Wednesday, June 17th. Jefferies Financial Group reaffirmed a “buy” rating and set a $21.00 target price on shares of Klaviyo in a report on Thursday, August 6th. Finally, KeyCorp lowered their target price on shares of Klaviyo from $35.00 to $29.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.14.

Klaviyo Trading Up 4.3%

The stock has a market cap of $5.74 billion, a PE ratio of 1,008.75 and a beta of 0.57. The firm has a fifty day simple moving average of $17.67 and a two-hundred day simple moving average of $17.41.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The firm had revenue of $370.58 million for the quarter, compared to analysts’ expectations of $362.08 million. Klaviyo had a net margin of 0.49% and a return on equity of 5.67%. The business’s quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter last year, the company posted $0.16 EPS. Equities analysts forecast that Klaviyo, Inc. will post 0.2 earnings per share for the current year.

Insider Transactions at Klaviyo

In other news, major shareholder Summit Partners L. P sold 5,000,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $17.71, for a total value of $88,550,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Amanda Whalen sold 14,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $18.47, for a total transaction of $258,580.00. Following the completion of the transaction, the chief financial officer owned 824,192 shares in the company, valued at $15,222,826.24. This represents a 1.67% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Over the last 90 days, insiders have sold 5,188,358 shares of company stock worth $92,252,475. 37.42% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Capital International Investors purchased a new stake in Klaviyo in the fourth quarter worth $415,254,000. Morgan Stanley boosted its position in shares of Klaviyo by 36.1% in the 4th quarter. Morgan Stanley now owns 14,547,090 shares of the company’s stock worth $472,344,000 after purchasing an additional 3,855,160 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Klaviyo in the fourth quarter worth $92,675,000. California State Teachers Retirement System grew its holdings 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 valued at $35,885,000 after buying an additional 2,221,092 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Klaviyo by 86.8% in the fourth quarter. JPMorgan Chase & Co. now owns 3,564,743 shares of the company’s stock worth $115,747,000 after purchasing an additional 1,656,912 shares during the last quarter. 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.