Key Points
- Summit Partners P sold 5 million Klaviyo shares at an average price of $17.71, totaling approximately $88.55 million, in a transaction disclosed to the SEC.
- Klaviyo recently reported quarterly revenue of $370.58 million, up 26.4% year over year and above estimates, while earnings per share of $0.19 matched consensus expectations.
- Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and a $27.14 target price, despite the stock’s elevated valuation and one recent downgrade to “Hold.”
Klaviyo, Inc. (NYSE:KVYO - Get Free Report) major shareholder Summit Partners P sold 5,000,000 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $17.71, for a total value of $88,550,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Klaviyo Trading Up 11.6%
Klaviyo stock opened at $19.24 on Friday. The stock has a 50-day moving average price of $16.36 and a 200 day moving average price of $17.69. Klaviyo, Inc. has a 52 week low of $12.53 and a 52 week high of $36.22. The stock has a market cap of $5.76 billion, a PE ratio of 962.63 and a beta of 0.54.
Klaviyo (NYSE:KVYO - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.19. Klaviyo had a net margin of 0.49% and a return on equity of 5.67%. The company had revenue of $370.58 million for the quarter, compared to analyst estimates of $362.08 million. During the same period in the prior year, the firm earned $0.16 EPS. The firm's quarterly revenue was up 26.4% on a year-over-year basis. On average, equities analysts predict that Klaviyo, Inc. will post 0.23 EPS for the current year.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on KVYO. TD Cowen reduced their price objective on shares of Klaviyo from $27.00 to $26.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Citigroup lifted their target price on shares of Klaviyo from $34.00 to $36.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Wall Street Zen downgraded Klaviyo from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Morgan Stanley set a $31.00 price target on Klaviyo in a report on Thursday, August 6th. Finally, The Goldman Sachs Group set a $26.00 price target on Klaviyo and gave the stock a "buy" rating in a research note on Wednesday, June 24th. One equities research 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 issued a Sell rating to the company. Based on data from MarketBeat.com, Klaviyo has an average rating of "Moderate Buy" and a consensus target price of $27.14.
View Our Latest Stock Report on Klaviyo
Institutional Investors Weigh In On Klaviyo
A number of institutional investors have recently added to or reduced their stakes in the company. Natixis Advisors LLC increased its stake in Klaviyo by 3.4% during the third quarter. Natixis Advisors LLC now owns 11,397 shares of the company's stock worth $316,000 after acquiring an additional 372 shares during the last quarter. Pathstone Holdings LLC lifted its stake in shares of Klaviyo by 0.5% in the 3rd quarter. Pathstone Holdings LLC now owns 173,931 shares of the company's stock valued at $4,816,000 after purchasing an additional 858 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of 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. grew its holdings in shares of Klaviyo by 29.5% during the 4th 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 period. Finally, Squarepoint Ops LLC grew its holdings in shares of Klaviyo by 1.2% during the 3rd 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 period. Hedge funds and other institutional investors own 45.43% of the company's stock.
Klaviyo Company Profile
(
Get Free Report)
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.
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