Integrated Wealth Concepts LLC Sells 232,277 Shares of Klaviyo, Inc. $KVYO

Integrated Wealth Concepts LLC trimmed its holdings in shares of Klaviyo, Inc. (NYSE:KVYO) by 28.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 598,174 shares of the company’s stock after selling 232,277 shares during the period. Integrated Wealth Concepts LLC’s holdings in Klaviyo were worth $16,563,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Public Sector Pension Investment Board bought a new stake in Klaviyo during the 3rd quarter worth about $2,403,000. Barton Investment Management bought a new position in shares of Klaviyo in the third quarter worth about $10,937,000. JPMorgan Chase & Co. lifted its position in shares of Klaviyo by 12.7% during the third quarter. JPMorgan Chase & Co. now owns 1,907,831 shares of the company’s stock worth $52,828,000 after purchasing an additional 214,977 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Klaviyo by 19.2% during the third quarter. Vanguard Group Inc. now owns 12,787,728 shares of the company’s stock worth $354,092,000 after purchasing an additional 2,059,550 shares in the last quarter. Finally, Sands Capital Management LLC grew its stake in shares of Klaviyo by 14.0% during the second quarter. Sands Capital Management LLC now owns 1,109,069 shares of the company’s stock valued at $37,243,000 after purchasing an additional 136,320 shares during the last quarter. Institutional investors own 45.43% of the company’s stock.

Klaviyo Stock Performance

Shares of NYSE KVYO opened at $19.22 on Tuesday. Klaviyo, Inc. has a 52-week low of $15.53 and a 52-week high of $37.79. The stock has a market cap of $5.86 billion, a P/E ratio of -160.17 and a beta of 1.29. The firm has a 50 day moving average price of $21.71 and a 200 day moving average price of $26.59.

Klaviyo (NYSE:KVYO) last posted its earnings results on Tuesday, February 10th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $350.20 million for the quarter, compared to analyst estimates of $333.99 million. Klaviyo had a negative net margin of 2.57% and a positive return on equity of 2.03%. The business’s revenue for the quarter was up 29.6% compared to the same quarter last year. During the same period last year, the business posted $0.07 earnings per share. Analysts predict that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Andrew Bialecki sold 206,827 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $19.96, for a total value of $4,128,266.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ed Hallen sold 117,550 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $30.36, for a total value of $3,568,818.00. Following the sale, the director directly owned 133,624 shares of the company’s stock, valued at approximately $4,056,824.64. The trade was a 46.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,637,970 shares of company stock worth $39,805,250. Corporate insiders own 53.24% of the company’s stock.

Wall Street Analysts Forecast Growth

KVYO has been the subject of a number of research reports. Stephens lowered their price target on shares of Klaviyo from $43.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. Benchmark reduced their price objective on Klaviyo from $46.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, February 9th. Wall Street Zen lowered Klaviyo from a “buy” rating to a “hold” rating in a research report on Saturday. Truist Financial lowered their target price on Klaviyo from $45.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Finally, Needham & Company LLC dropped their target price on Klaviyo from $45.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Nineteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Klaviyo presently has an average rating of “Moderate Buy” and an average target price of $34.24.

Klaviyo Company 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.