Piper Sandler Cuts Klaviyo (NYSE:KVYO) Price Target to $23.00

Klaviyo (NYSE:KVYO) had its price objective cut by Piper Sandler from $26.00 to $23.00 in a research report report published on Thursday morning, MarketBeat.com reports. They currently have an overweight rating on the stock.

Several other analysts have also recently commented on KVYO. Stifel Nicolaus reduced their target price on shares of Klaviyo from $28.00 to $24.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Jefferies Financial Group reiterated a “buy” rating and set a $21.00 price target on shares of Klaviyo in a research note on Thursday. Cantor Fitzgerald cut their price target on shares of Klaviyo from $35.00 to $28.00 and set an “overweight” rating for the company in a report on Wednesday, April 15th. Scotiabank set a $32.00 price objective on shares of Klaviyo in a research report on Wednesday, June 17th. Finally, KeyCorp lowered their price objective on Klaviyo from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. One 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 issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.14.

Klaviyo Price Performance

Shares of NYSE KVYO opened at $16.68 on Thursday. The stock has a fifty day moving average price of $16.24 and a 200 day moving average price of $17.93. Klaviyo has a 1-year low of $12.53 and a 1-year high of $36.22. The company has a market cap of $4.99 billion, a PE ratio of 834.57 and a beta of 0.54.

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 analysts’ consensus estimates of $0.19. The firm had revenue of $370.58 million for the quarter, compared to analyst estimates of $362.08 million. Klaviyo had a net margin of 0.49% and a return on equity of 5.67%. Klaviyo’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period last year, the firm posted $0.16 EPS. Analysts anticipate that Klaviyo will post 0.25 earnings per share for the current fiscal year.

Insider Transactions at Klaviyo

In related news, CEO Andrew Bialecki sold 212,529 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were 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 owned 212,529 shares in the company, valued at $3,105,048.69. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 sale, the chief financial officer directly owned 852,192 shares in the company, valued at approximately $11,274,500.16. This represents a 1.62% 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. Insiders have sold a total of 649,863 shares of company stock valued at $9,521,105 in the last ninety days. 37.42% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Natixis Advisors LLC boosted its stake in shares of Klaviyo by 3.4% during the 3rd quarter. Natixis Advisors LLC now owns 11,397 shares of the company’s stock worth $316,000 after acquiring an additional 372 shares in the last quarter. Pathstone Holdings LLC grew its holdings in shares of Klaviyo by 0.5% in the 3rd quarter. Pathstone Holdings LLC now owns 173,931 shares of the company’s stock worth $4,816,000 after acquiring an additional 858 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in Klaviyo by 1,650.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company’s stock valued at $27,000 after purchasing an additional 908 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in 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 purchasing an additional 951 shares during the last quarter. Finally, Squarepoint Ops LLC raised its holdings in Klaviyo by 1.2% during the third quarter. Squarepoint Ops LLC now owns 95,394 shares of the company’s stock worth $2,641,000 after purchasing an additional 1,104 shares during the last quarter. 45.43% of the stock is owned by hedge funds and other institutional investors.

Key Klaviyo News

Here are the key news stories impacting Klaviyo this week:

• Positive Sentiment: Klaviyo reported second-quarter earnings of $0.19 per share, matching expectations and improving from $0.16 a year earlier. Revenue reached $370.6 million, exceeding the $362.1 million consensus estimate and rising 26.4% year over year. Klaviyo Meets Q2 Earnings Estimates
• Positive Sentiment: The company projected 2026 revenue of approximately $1.526 billion to $1.534 billion while integrating its Agency acquisition, signaling continued growth despite the added execution demands. Klaviyo 2026 Revenue Outlook
• Positive Sentiment: Investors are also focusing on Klaviyo’s new AI product leadership and related product initiatives, which could improve automation capabilities, customer engagement and long-term growth prospects. Klaviyo’s New AI Product Leadership
• Neutral Sentiment: Several analysts retained bullish ratings, including overweight or buy recommendations. Stephens raised its target to $25, while Wells Fargo, Stifel, Piper Sandler, BTIG and KeyCorp continue to see substantial upside despite reducing or resetting their targets.
• Negative Sentiment: Multiple firms lowered their price targets following the earnings report: Wells Fargo to $22, Stifel to $22, Piper Sandler to $23, BTIG to $25 and KeyCorp to $29. The cuts suggest analysts remain constructive but have moderated expectations or valuation assumptions.
• Negative Sentiment: Klaviyo declined alongside much of the software sector after earnings, indicating that broader risk-off sentiment and investor concerns about software valuations may be outweighing the company’s revenue beat and AI narrative. Software Sector Weakness After Earnings

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.