Engineers Gate Manager LP Purchases 166,974 Shares of Klaviyo, Inc. $KVYO

Engineers Gate Manager LP grew its position in Klaviyo, Inc. (NYSE:KVYO) by 41.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 569,998 shares of the company’s stock after buying an additional 166,974 shares during the period. Engineers Gate Manager LP’s holdings in Klaviyo were worth $18,508,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of KVYO. Capital International Investors bought a new stake in shares of Klaviyo in the 4th quarter worth approximately $415,254,000. Morgan Stanley lifted 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 acquiring an additional 3,855,160 shares during the period. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Klaviyo in the 4th quarter worth approximately $92,675,000. Vanguard Group Inc. lifted its position in shares of Klaviyo by 19.2% in the 3rd quarter. Vanguard Group Inc. now owns 12,787,728 shares of the company’s stock worth $354,092,000 after acquiring an additional 2,059,550 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Klaviyo by 86.8% in the 4th quarter. JPMorgan Chase & Co. now owns 3,564,743 shares of the company’s stock worth $115,747,000 after acquiring an additional 1,656,912 shares during the period. Institutional investors own 45.43% of the company’s stock.

Wall Street Analyst Weigh In

KVYO has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Klaviyo in a research report on Wednesday, May 20th. Cantor Fitzgerald cut their target price on Klaviyo from $35.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, April 15th. Stifel Nicolaus cut their target price on Klaviyo from $35.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Piper Sandler cut their target price on Klaviyo from $30.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Finally, Citigroup raised their target price on Klaviyo from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Eighteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Klaviyo presently has an average rating of “Moderate Buy” and an average price target of $31.43.

Insiders Place Their Bets

In other news, CEO Andrew Bialecki sold 212,529 shares of Klaviyo stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $14.61, for a total value of $3,105,048.69. Following the completion of the sale, the chief executive officer directly owned 212,529 shares of the company’s stock, valued at approximately $3,105,048.69. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amanda Whalen sold 14,000 shares of Klaviyo stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $14.26, for a total value of $199,640.00. Following the completion of the sale, the chief financial officer directly owned 895,141 shares of the company’s stock, valued at $12,764,710.66. This trade represents a 1.54% decrease in their ownership of the stock. 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 quarter, insiders sold 1,259,486 shares of company stock valued at $20,585,905. Company insiders own 37.42% of the company’s stock.

Klaviyo Price Performance

KVYO stock opened at $13.44 on Thursday. The business has a fifty day moving average price of $16.54 and a 200 day moving average price of $21.28. Klaviyo, Inc. has a fifty-two week low of $13.38 and a fifty-two week high of $36.76. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of -335.89 and a beta of 0.62.

Klaviyo (NYSE:KVYO) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. Klaviyo had a positive return on equity of 4.16% and a negative net margin of 0.66%.The firm had revenue of $358.01 million during the quarter, compared to analysts’ expectations of $348.57 million. During the same period last year, the firm posted $0.14 EPS. The business’s revenue was up 27.9% on a year-over-year basis. On average, equities analysts expect that Klaviyo, Inc. will post 0.25 earnings per share for the current fiscal year.

Klaviyo 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.