Cinctive Capital Management LP Reduces Stake in Klaviyo, Inc. $KVYO

Cinctive Capital Management LP decreased its stake in shares of Klaviyo, Inc. (NYSE:KVYO) by 38.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 174,770 shares of the company’s stock after selling 110,703 shares during the period. Cinctive Capital Management LP’s holdings in Klaviyo were worth $5,675,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its holdings in Klaviyo by 1,650.9% during the 3rd 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 in the last quarter. FNY Investment Advisers LLC purchased a new stake in Klaviyo during the 3rd quarter worth about $34,000. Quarry LP purchased a new stake in Klaviyo during the 3rd quarter worth about $44,000. Osaic Holdings Inc. lifted its holdings in Klaviyo by 317.0% during the 2nd quarter. Osaic Holdings Inc. now owns 1,689 shares of the company’s stock worth $55,000 after purchasing an additional 1,284 shares in the last quarter. Finally, RiverPark Advisors LLC purchased a new stake in Klaviyo during the 3rd quarter worth about $69,000. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Klaviyo Trading Down 2.9%

Shares of NYSE KVYO opened at $13.44 on Thursday. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of -335.89 and a beta of 0.62. Klaviyo, Inc. has a 1-year low of $13.38 and a 1-year high of $36.76. The stock’s 50-day moving average is $16.54 and its 200 day moving average is $21.28.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The company had revenue of $358.01 million for the quarter, compared to analysts’ expectations of $348.57 million. Klaviyo had a positive return on equity of 4.16% and a negative net margin of 0.66%.Klaviyo’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period last year, the firm posted $0.14 EPS. On average, analysts forecast that Klaviyo, Inc. will post 0.25 EPS for the current fiscal year.

Insider Transactions at Klaviyo

In related news, CFO Amanda Whalen sold 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $14.26, for a total transaction of $199,640.00. Following the transaction, the chief financial officer directly owned 895,141 shares in the company, valued at $12,764,710.66. This trade represents a 1.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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. Also, Director Ledger Susan St. sold 9,334 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $14.27, for a total value of $133,196.18. Following the transaction, the director owned 10,939 shares in the company, valued at approximately $156,099.53. The trade was a 46.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,259,486 shares of company stock valued at $20,585,905. 37.42% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Piper Sandler dropped their price objective on Klaviyo from $30.00 to $26.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Wells Fargo & Company lowered their price target on Klaviyo from $30.00 to $26.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Stifel Nicolaus lowered their price target on Klaviyo from $35.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. The Goldman Sachs Group lowered their price target on Klaviyo from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Finally, William Blair reaffirmed an “outperform” rating on shares of Klaviyo in a report on Monday, March 2nd. Eighteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Klaviyo has an average rating of “Moderate Buy” and a consensus price target of $31.43.

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.