Delta Global Management LP Sells 38,996 Shares of Klaviyo, Inc. $KVYO

Delta Global Management LP reduced its position in shares of Klaviyo, Inc. (NYSE:KVYO) by 7.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 514,364 shares of the company’s stock after selling 38,996 shares during the quarter. Delta Global Management LP’s holdings in Klaviyo were worth $14,243,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Public Sector Pension Investment Board acquired a new stake in shares of Klaviyo in the third quarter valued at approximately $2,403,000. Barton Investment Management acquired a new position in Klaviyo during the third quarter worth $10,937,000. JPMorgan Chase & Co. boosted its holdings in 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 during the last quarter. Vanguard Group Inc. grew its position in Klaviyo by 19.2% in the third quarter. Vanguard Group Inc. now owns 12,787,728 shares of the company’s stock valued at $354,092,000 after purchasing an additional 2,059,550 shares in the last quarter. Finally, Sands Capital Management LLC grew its position in Klaviyo by 14.0% in 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 in the last quarter. 45.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Andrew Bialecki sold 206,827 shares of the firm’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ed Hallen sold 117,550 shares of Klaviyo 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 transaction, the director owned 133,624 shares of the company’s stock, valued at $4,056,824.64. This represents a 46.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,776,618 shares of company stock worth $43,831,588. Company insiders own 53.24% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on KVYO shares. Stifel Nicolaus cut their price target on shares of Klaviyo from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Morgan Stanley restated an “overweight” rating and issued a $38.00 price objective on shares of Klaviyo in a report on Wednesday, February 11th. Barclays lowered their target price on Klaviyo from $42.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Jefferies Financial Group dropped their target price on Klaviyo from $35.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Finally, Citigroup decreased their price target on Klaviyo from $51.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Nineteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $34.24.

Klaviyo Price Performance

Shares of KVYO stock opened at $19.13 on Monday. The company has a fifty day moving average price of $21.91 and a two-hundred day moving average price of $26.68. Klaviyo, Inc. has a one year low of $15.53 and a one year high of $37.79. The stock has a market cap of $5.83 billion, a P/E ratio of -159.36 and a beta of 1.29.

Klaviyo (NYSE:KVYO) last released its quarterly earnings data 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. Klaviyo had a negative net margin of 2.57% and a positive return on equity of 2.03%. The company had revenue of $350.20 million for the quarter, compared to analyst estimates of $333.99 million. During the same period in the previous year, the business earned $0.07 EPS. Klaviyo’s revenue for the quarter was up 29.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

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.