Key Points
- Klaviyo insider Landon Edmond sold 53,473 shares for approximately $1.07 million under a Rule 10b5-1 trading plan, reducing his ownership by 9.91% to 485,969 shares. He also sold an additional 8,103 shares on August 31.
- Klaviyo reported quarterly revenue of $370.58 million, up 26.4% year over year and above analyst expectations, while EPS of $0.19 matched consensus estimates.
- Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $27.14 versus a recent price of $20.62.
Klaviyo, Inc. (NYSE:KVYO - Get Free Report) insider Landon Edmond sold 8,103 shares of the company's stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $20.44, for a total value of $165,625.32. Following the sale, the insider owned 477,866 shares in the company, valued at approximately $9,767,581.04. This represents a 1.67% 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 hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Landon Edmond also recently made the following trade(s):
- On Friday, August 28th, Landon Edmond sold 53,473 shares of Klaviyo stock. The stock was sold at an average price of $20.01, for a total transaction of $1,069,994.73.
Klaviyo Trading Up 0.2%
KVYO stock opened at $20.62 on Wednesday. The firm has a 50 day moving average of $17.57 and a 200-day moving average of $17.40. The firm has a market capitalization of $5.87 billion, a P/E ratio of 1,031.52 and a beta of 0.57. Klaviyo, Inc. has a 12 month low of $12.53 and a 12 month high of $36.22.
Klaviyo (NYSE:KVYO - Get Free Report) last posted 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. 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 analyst estimates of $362.08 million. During the same quarter in the prior year, the firm posted $0.16 EPS. Klaviyo's revenue was up 26.4% on a year-over-year basis. Sell-side analysts predict that Klaviyo, Inc. will post 0.2 EPS for the current year.
Wall Street Analyst Weigh In
KVYO has been the subject of a number of research analyst reports. Wells Fargo & Company set a $29.00 price objective on shares of Klaviyo in a report on Thursday, August 6th. Morgan Stanley set a $31.00 price objective on Klaviyo in a research note on Thursday, August 6th. Robert W. Baird set a $25.00 target price on shares of Klaviyo in a report on Thursday, August 6th. Barclays reduced their target price on Klaviyo from $25.00 to $22.00 and set an "overweight" rating on the stock in a research note 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 research 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $27.14.
Read Our Latest Analysis on Klaviyo
Institutional Investors Weigh In On Klaviyo
Several hedge funds have recently made changes to their positions in KVYO. Natixis Advisors LLC boosted its holdings in shares of Klaviyo by 3.4% during the 3rd quarter. Natixis Advisors LLC now owns 11,397 shares of the company's stock valued at $316,000 after buying an additional 372 shares in the last quarter. Pathstone Holdings LLC increased its position in shares of Klaviyo by 0.5% during the third quarter. Pathstone Holdings LLC now owns 173,931 shares of the company's stock valued at $4,816,000 after acquiring an additional 858 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Klaviyo by 1,650.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company's stock worth $27,000 after purchasing an additional 908 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Klaviyo by 29.5% during the 4th quarter. Advisors Asset Management Inc. now owns 4,171 shares of the company's stock valued at $135,000 after acquiring an additional 951 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in Klaviyo by 1.2% in 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 currently owned by institutional investors.
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
