Ed Hallen Sells 98,782 Shares of Klaviyo (NYSE:KVYO) Stock

Klaviyo, Inc. (NYSE:KVYO) Director Ed Hallen sold 98,782 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $20.48, for a total value of $2,023,055.36. Following the sale, the director owned 94,457 shares of the company’s stock, valued at approximately $1,934,479.36. The trade was a 51.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Klaviyo Trading Up 0.2%

Klaviyo stock traded up $0.04 during mid-day trading on Tuesday, hitting $20.62. The stock had a trading volume of 10,719,926 shares, compared to its average volume of 6,885,645. The stock has a 50-day simple moving average of $17.57 and a two-hundred day simple moving average of $17.40. The stock has a market capitalization of $5.87 billion, a PE 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) 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. The company had revenue of $370.58 million for the quarter, compared to the consensus estimate of $362.08 million. Klaviyo had a net margin of 0.49% and a return on equity of 5.67%. The company’s revenue was up 26.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 EPS. Sell-side analysts expect that Klaviyo, Inc. will post 0.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on KVYO. KeyCorp lowered their target price on shares of Klaviyo from $35.00 to $29.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Benchmark lowered Klaviyo from a “buy” rating to a “hold” rating in a research report on Thursday, August 6th. The Goldman Sachs Group set a $26.00 price target on Klaviyo and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Wells Fargo & Company set a $29.00 price objective on Klaviyo in a research note on Thursday, August 6th. Finally, Stifel Nicolaus dropped their price objective on Klaviyo from $24.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Klaviyo currently has an average rating of “Moderate Buy” and an average target price of $27.14.

Hedge Funds Weigh In On Klaviyo

Several institutional investors have recently modified their holdings of KVYO. Vanguard Group Inc. boosted its holdings in shares of Klaviyo by 12.3% in the fourth quarter. Vanguard Group Inc. now owns 14,361,540 shares of the company’s stock valued at $466,319,000 after buying an additional 1,573,812 shares during the period. Jefferies Financial Group Inc. raised its holdings in shares of Klaviyo by 2,320.7% during the fourth quarter. Jefferies Financial Group Inc. now owns 455,000 shares of the company’s stock worth $14,774,000 after acquiring an additional 436,204 shares during the period. Delta Global Management LP raised its holdings in shares of Klaviyo by 52.7% during the fourth quarter. Delta Global Management LP now owns 785,308 shares of the company’s stock worth $25,499,000 after acquiring an additional 270,944 shares during the period. Huntington National Bank lifted its position in Klaviyo by 117.1% in the 4th quarter. Huntington National Bank now owns 166,501 shares of the company’s stock valued at $5,406,000 after acquiring an additional 89,800 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Klaviyo by 8.9% in 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 acquiring an additional 123,480 shares in the last quarter. Institutional investors own 45.43% of the company’s stock.

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.