Zweig DiMenna Associates LLC Acquires Shares of 129,200 Klaviyo, Inc. $KVYO

Zweig DiMenna Associates LLC bought a new stake in Klaviyo, Inc. (NYSE:KVYO) in the first quarter, Holdings Channel reports. The institutional investor bought 129,200 shares of the company’s stock, valued at approximately $2,514,000.

Several other hedge funds have also made changes to their positions in the business. Caitong International Asset Management Co. Ltd grew its holdings in shares of Klaviyo by 1,650.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company’s stock worth $27,000 after buying an additional 908 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Klaviyo during the 3rd quarter valued at approximately $34,000. Quarry LP purchased a new stake in Klaviyo during the 3rd quarter valued at approximately $44,000. Osaic Holdings Inc. raised its stake in Klaviyo by 317.0% during the 2nd quarter. Osaic Holdings Inc. now owns 1,689 shares of the company’s stock valued at $55,000 after acquiring an additional 1,284 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in Klaviyo by 2,641.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,207 shares of the company’s stock worth $104,000 after acquiring an additional 3,090 shares during the period. Institutional investors and hedge funds own 45.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays lowered their target price on Klaviyo from $31.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Wells Fargo & Company cut their price target on Klaviyo from $30.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. KeyCorp decreased their price target on Klaviyo from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Klaviyo in a research report on Wednesday, May 20th. Finally, Piper Sandler dropped their price objective on shares of Klaviyo from $30.00 to $26.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.81.

Klaviyo Stock Up 0.3%

Shares of NYSE KVYO opened at $17.52 on Wednesday. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of -437.89 and a beta of 0.63. Klaviyo, Inc. has a 52 week low of $12.53 and a 52 week high of $36.76. The firm has a 50-day moving average price of $15.21 and a 200 day moving average price of $19.33.

Klaviyo (NYSE:KVYO) last issued its earnings results on Tuesday, May 5th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. Klaviyo had a negative net margin of 0.66% and a positive return on equity of 4.16%. The company had revenue of $358.01 million for the quarter, compared to analyst estimates of $348.57 million. During the same period in the prior year, the business posted $0.14 earnings per share. The firm’s revenue for the quarter was up 27.9% compared to the same quarter last year. Equities research analysts expect that Klaviyo, Inc. will post 0.25 EPS for the current fiscal year.

Insider Transactions at Klaviyo

In related news, CEO Andrew Bialecki sold 212,529 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $14.61, for a total value of $3,105,048.69. Following the completion of the transaction, the chief executive officer directly owned 212,529 shares of the company’s stock, valued at $3,105,048.69. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ledger Susan St. sold 9,334 shares of Klaviyo stock in a transaction 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 directly owned 10,939 shares of the company’s stock, valued at approximately $156,099.53. This represents a 46.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 673,486 shares of company stock worth $9,973,125 over the last quarter. Insiders own 37.42% of the company’s stock.

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.