Legato Capital Management LLC Raises Holdings in Klaviyo, Inc. $KVYO

Legato Capital Management LLC grew its position in shares of Klaviyo, Inc. (NYSE:KVYO) by 403.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,865 shares of the company’s stock after purchasing an additional 52,781 shares during the period. Legato Capital Management LLC’s holdings in Klaviyo were worth $2,139,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its position 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 purchasing an additional 908 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Klaviyo during the third quarter valued at about $34,000. Quarry LP purchased a new position in shares of Klaviyo during the third quarter valued at about $44,000. Osaic Holdings Inc. grew its position in shares of Klaviyo by 317.0% during the second quarter. Osaic Holdings Inc. now owns 1,689 shares of the company’s stock valued at $55,000 after purchasing an additional 1,284 shares in the last quarter. Finally, RiverPark Advisors LLC purchased a new position in shares of Klaviyo during the third quarter valued at about $69,000. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Insider Buying and Selling

In related news, insider Landon Edmond sold 9,623 shares of the stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $20.00, for a total value of $192,460.00. Following the sale, the insider directly owned 584,124 shares of the company’s stock, valued at $11,682,480. This represents a 1.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 the business’s stock in a transaction that occurred 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 transaction, the chief financial officer owned 895,141 shares of the company’s stock, valued at $12,764,710.66. This trade represents a 1.54% decrease in their position. 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 ninety days, insiders sold 1,897,243 shares of company stock valued at $33,430,993. Insiders own 37.42% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on KVYO shares. Citigroup raised their price objective on Klaviyo from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Stifel Nicolaus cut their price objective on Klaviyo from $35.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. BTIG Research cut their price objective on Klaviyo from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Piper Sandler cut their price objective 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, Robert W. Baird set a $34.00 price target on Klaviyo in a research report on Wednesday, February 11th. Eighteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Klaviyo has an average rating of “Moderate Buy” and an average price target of $31.40.

Klaviyo Price Performance

Shares of NYSE KVYO opened at $14.83 on Friday. The business’s 50 day moving average is $17.95 and its two-hundred day moving average is $22.97. Klaviyo, Inc. has a 1-year low of $13.53 and a 1-year high of $36.76. The stock has a market capitalization of $4.44 billion, a P/E ratio of -370.53 and a beta of 0.79.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $358.01 million for the quarter, compared to analysts’ expectations of $348.57 million. During the same period in the previous year, the firm posted $0.14 earnings per share. The firm’s revenue for the quarter was up 27.9% on a year-over-year basis. As a group, equities research analysts anticipate 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.