Klaviyo (NYSE:KVYO) Trading 7.6% Higher – Time to Buy?

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KVYO. Benchmark cut Klaviyo from a “buy” rating to a “hold” rating in a report on Thursday, August 6th. Truist Financial decreased their price target on Klaviyo from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Canaccord Genuity Group lowered their price target on Klaviyo from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Stifel Nicolaus dropped their price objective on Klaviyo from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Citigroup lifted their price objective on Klaviyo from $34.00 to $36.00 and gave the company a “buy” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.14.

Klaviyo Stock Up 2.7%

The company’s fifty day moving average price is $17.27 and its two-hundred day moving average price is $17.42. The company has a market cap of $5.73 billion, a price-to-earnings ratio of 1,007.00 and a beta of 0.54.

Klaviyo (NYSE:KVYO) last announced its earnings results on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $370.58 million for the quarter, compared to the consensus estimate of $362.08 million. Klaviyo had a return on equity of 5.67% and a net margin of 0.49%.Klaviyo’s revenue was up 26.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 EPS. Research analysts forecast that Klaviyo, Inc. will post 0.2 earnings per share for the current year.

Insider Activity

In related news, major shareholder Summit Partners L. P sold 5,000,000 shares of the business’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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Amanda Whalen sold 14,000 shares of the company’s 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 approximately $15,222,826.24. This represents a 1.67% decrease in their position. The SEC filing for this sale provides additional information. 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. In the last quarter, insiders have sold 5,028,000 shares of company stock worth $88,993,800. 37.42% of the stock is owned by corporate insiders.

Institutional Trading of Klaviyo

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley boosted its stake in Klaviyo by 36.1% in the fourth quarter. Morgan Stanley now owns 14,547,090 shares of the company’s stock valued at $472,344,000 after acquiring an additional 3,855,160 shares during the last quarter. Vanguard Group Inc. raised its stake in Klaviyo by 12.3% during the 4th quarter. Vanguard Group Inc. now owns 14,361,540 shares of the company’s stock worth $466,319,000 after buying an additional 1,573,812 shares during the period. Capital International Investors acquired a new stake in shares of Klaviyo during the fourth quarter worth about $415,254,000. Alliancebernstein L.P. raised its holdings in Klaviyo by 10.1% during the 2nd quarter. Alliancebernstein L.P. now owns 4,424,249 shares of the company’s stock worth $148,566,000 after buying an additional 404,969 shares during the period. Finally, Sands Capital Alternatives LLC lifted its position in Klaviyo by 3.8% in the 4th quarter. Sands Capital Alternatives LLC now owns 3,649,678 shares of the company’s stock valued at $118,505,000 after acquiring an additional 134,613 shares in the last quarter. 45.43% of the stock is owned by institutional investors.

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.