Ed Hallen Sells 98,782 Shares of Klaviyo (NYSE:KVYO) Stock

Klaviyo, Inc. (NYSE:KVYO) Director Ed Hallen sold 98,782 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $20.48, for a total transaction of $2,023,055.36. Following the transaction, the director owned 94,457 shares of the company’s stock, valued at approximately $1,934,479.36. This trade represents a 51.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Klaviyo Price Performance

NYSE KVYO opened at $19.39 on Thursday. The company’s 50 day simple moving average is $17.67 and its 200 day simple moving average is $17.41. Klaviyo, Inc. has a 12 month low of $12.53 and a 12 month high of $36.22. The company has a market capitalization of $5.52 billion, a P/E ratio of 969.93 and a beta of 0.57.

Klaviyo (NYSE:KVYO) last issued its earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $370.58 million during 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 firm’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period last year, the firm posted $0.16 earnings per share. On average, analysts anticipate that Klaviyo, Inc. will post 0.2 earnings per share for the current year.

Institutional Trading of Klaviyo

Several hedge funds and other institutional investors have recently modified their holdings of KVYO. Caitong International Asset Management Co. Ltd grew its holdings in shares of Klaviyo by 1,650.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company’s stock valued at $27,000 after buying an additional 908 shares in the last quarter. Quarry LP purchased a new stake in Klaviyo in the 3rd quarter worth about $44,000. Osaic Holdings Inc. lifted its stake in Klaviyo by 317.0% in the 2nd quarter. Osaic Holdings Inc. now owns 1,689 shares of the company’s stock worth $55,000 after acquiring an additional 1,284 shares in the last quarter. Optiver Holding B.V. acquired a new stake in Klaviyo during the 1st quarter worth about $39,000. Finally, Rockefeller Capital Management L.P. boosted its position in Klaviyo by 2,641.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,207 shares of the company’s stock worth $104,000 after acquiring an additional 3,090 shares during the period. Institutional investors and hedge funds own 45.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Stephens lifted their target price on Klaviyo from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Piper Sandler reduced their target price on Klaviyo from $26.00 to $23.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Morgan Stanley set a $31.00 price target on Klaviyo in a research report on Thursday, August 6th. Canaccord Genuity Group cut their price objective on Klaviyo from $32.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Finally, Scotiabank set a $32.00 price objective on shares of Klaviyo in a research note on Wednesday, June 17th. 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.14.

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.