Klaviyo (NYSE:KVYO) Trading Up 6.8% – Time to Buy?

Klaviyo, Inc. (NYSE:KVYO) shares traded up 6.8% during mid-day trading on Thursday . The stock traded as high as $20.63 and last traded at $20.6140. 327,167 shares changed hands during trading, a decline of 94% from the average daily volume of 5,524,964 shares. The stock had previously closed at $19.31.

Analysts Set New Price Targets

KVYO has been the subject of several recent analyst reports. Barclays cut their price objective on shares of Klaviyo from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. Wells Fargo & Company set a $29.00 price target on shares of Klaviyo in a research report on Thursday, August 6th. Benchmark cut shares of Klaviyo from a “buy” rating to a “hold” rating in a research note on Thursday, August 6th. Mizuho set a $28.00 target price on Klaviyo in a report on Thursday, August 6th. Finally, Canaccord Genuity Group lowered their price target on Klaviyo from $32.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Klaviyo currently has a consensus rating of “Moderate Buy” and an average price target of $27.14.

Klaviyo Stock Up 4.3%

The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 1,008.75 and a beta of 0.57. The stock has a 50 day moving average price of $17.67 and a 200 day moving average price of $17.41.

Klaviyo (NYSE:KVYO) last posted its earnings results on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Klaviyo had a net margin of 0.49% and a return on equity of 5.67%. The business had revenue of $370.58 million for the quarter, compared to the consensus estimate of $362.08 million. During the same period last year, the company earned $0.16 EPS. The firm’s revenue was up 26.4% compared to the same quarter last year. Sell-side analysts forecast that Klaviyo, Inc. will post 0.2 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Summit Partners L. P sold 5,000,000 shares of Klaviyo stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $17.71, for a total transaction of $88,550,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Amanda Whalen sold 14,000 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $18.47, for a total transaction of $258,580.00. Following the sale, the chief financial officer directly owned 824,192 shares in the company, valued at $15,222,826.24. This trade represents a 1.67% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 5,188,358 shares of company stock worth $92,252,475 over the last quarter. Company insiders own 37.42% of the company’s stock.

Institutional Trading of Klaviyo

Several large investors have recently made changes to their positions in KVYO. Vanguard Group Inc. lifted its holdings in Klaviyo by 12.3% during the fourth quarter. Vanguard Group Inc. now owns 14,361,540 shares of the company’s stock valued at $466,319,000 after purchasing an additional 1,573,812 shares during the last quarter. Jefferies Financial Group Inc. increased its stake in shares of Klaviyo by 2,320.7% in the fourth quarter. Jefferies Financial Group Inc. now owns 455,000 shares of the company’s stock worth $14,774,000 after purchasing an additional 436,204 shares in the last quarter. Huntington National Bank raised its position in shares of Klaviyo by 117.1% in the fourth quarter. Huntington National Bank now owns 166,501 shares of the company’s stock valued at $5,406,000 after purchasing an additional 89,800 shares during the period. Delta Global Management LP lifted its stake in shares of Klaviyo by 52.7% during the 4th quarter. Delta Global Management LP now owns 785,308 shares of the company’s stock valued at $25,499,000 after buying an additional 270,944 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Klaviyo by 8.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,508,137 shares of the company’s stock valued at $29,348,000 after buying an additional 123,480 shares in the last quarter. 45.43% of the stock is currently owned by institutional investors and hedge funds.

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.