Klaviyo (NYSE:KVYO) Shares Gap Up – Still a Buy?

Shares of Klaviyo, Inc. (NYSE:KVYO) gapped up prior to trading on Friday . The stock had previously closed at $15.67, but opened at $16.20. Klaviyo shares last traded at $16.0580, with a volume of 212,661 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Scotiabank set a $32.00 price target on Klaviyo in a research note on Wednesday, June 17th. The Goldman Sachs Group set a $26.00 price objective on Klaviyo and gave the company a “buy” rating in a research report on Wednesday, June 24th. Benchmark lowered their target price on Klaviyo from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Barclays dropped their target price on Klaviyo from $31.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Finally, Citigroup restated a “buy” rating on shares of Klaviyo in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.81.

Klaviyo Price Performance

The company’s 50-day simple moving average is $15.51 and its two-hundred day simple moving average is $18.60. The firm has a market capitalization of $4.91 billion, a P/E ratio of -408.30 and a beta of 0.63.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The firm had revenue of $358.01 million during the quarter, compared to the consensus estimate of $348.57 million. Klaviyo had a negative net margin of 0.66% and a positive return on equity of 4.16%. The company’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 EPS. Analysts predict that Klaviyo, Inc. will post 0.25 earnings per share for the current year.

Insider Activity at Klaviyo

In other Klaviyo news, CFO Amanda Whalen sold 14,000 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $13.23, for a total transaction of $185,220.00. Following the completion of the sale, the chief financial officer owned 852,192 shares of the company’s stock, valued at approximately $11,274,500.16. The trade was a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ledger Susan St. sold 9,334 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $14.27, for a total value of $133,196.18. Following the completion of the sale, the director owned 10,939 shares of the company’s stock, valued at approximately $156,099.53. The trade was a 46.04% 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. Over the last three months, insiders have sold 649,863 shares of company stock worth $9,521,105. Corporate insiders own 37.42% of the company’s stock.

Institutional Investors Weigh In On Klaviyo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KVYO. Handelsbanken Fonder AB raised its stake in Klaviyo by 62.5% during the 2nd quarter. Handelsbanken Fonder AB now owns 43,700 shares of the company’s stock worth $660,000 after acquiring an additional 16,800 shares during the period. Optiver Holding B.V. purchased a new stake in shares of Klaviyo in the first quarter worth $39,000. Lavelle Capital LP bought a new stake in shares of Klaviyo during the 1st quarter valued at $994,000. Bank of America Corp DE raised its position in shares of Klaviyo by 88.9% during the 1st quarter. Bank of America Corp DE now owns 1,686,770 shares of the company’s stock valued at $32,825,000 after purchasing an additional 793,613 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in shares of Klaviyo by 15.6% during the 1st quarter. Janus Henderson Group PLC now owns 1,025,134 shares of the company’s stock valued at $19,951,000 after buying an additional 138,356 shares in 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.