Sands Capital Ventures LLC Cuts Stock Holdings in Klaviyo, Inc. $KVYO

Sands Capital Ventures LLC trimmed its stake in Klaviyo, Inc. (NYSE:KVYO) by 0.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,443,515 shares of the company’s stock after selling 27,179 shares during the period. Klaviyo accounts for about 25.5% of Sands Capital Ventures LLC’s investment portfolio, making the stock its largest position. Sands Capital Ventures LLC owned approximately 1.26% of Klaviyo worth $104,201,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its position in shares of Klaviyo by 45.2% in the fourth quarter. Wells Fargo & Company MN now owns 6,171 shares of the company’s stock valued at $254,000 after purchasing an additional 1,920 shares during the period. Russell Investments Group Ltd. acquired a new stake in Klaviyo during the fourth quarter worth about $686,000. Barclays PLC grew its position in Klaviyo by 128.2% during the fourth quarter. Barclays PLC now owns 29,263 shares of the company’s stock worth $1,207,000 after buying an additional 16,438 shares in the last quarter. First Trust Advisors LP increased its stake in Klaviyo by 26.4% during the fourth quarter. First Trust Advisors LP now owns 945,663 shares of the company’s stock valued at $38,999,000 after acquiring an additional 197,283 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Klaviyo by 369.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 72,816 shares of the company’s stock valued at $3,004,000 after acquiring an additional 57,318 shares in the last quarter. Institutional investors own 45.43% of the company’s stock.

Analyst Ratings Changes

KVYO has been the topic of several recent research reports. Wall Street Zen lowered Klaviyo from a “buy” rating to a “hold” rating in a report on Sunday. Scotiabank set a $35.00 target price on Klaviyo and gave the stock a “sector perform” rating in a research report on Wednesday, May 7th. TD Cowen lifted their price target on shares of Klaviyo from $45.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Zacks Research upgraded Klaviyo to a “strong sell” rating in a research note on Friday, August 8th. Finally, Benchmark increased their target price on shares of Klaviyo from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Eighteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.65.

Insider Activity

In other Klaviyo news, insider Carmel Galvin sold 11,155 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $31.67, for a total value of $353,278.85. Following the completion of the transaction, the insider directly owned 675,833 shares of the company’s stock, valued at approximately $21,403,631.11. The trade was a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Landon Edmond sold 9,965 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $31.46, for a total value of $313,498.90. Following the completion of the sale, the insider owned 392,584 shares of the company’s stock, valued at $12,350,692.64. This trade represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,087,383 shares of company stock valued at $136,183,878. Company insiders own 49.92% of the company’s stock.

Klaviyo Stock Down 1.1%

NYSE:KVYO opened at $31.2610 on Thursday. Klaviyo, Inc. has a 12-month low of $23.77 and a 12-month high of $49.55. The stock’s fifty day simple moving average is $32.56 and its 200-day simple moving average is $33.97. The firm has a market capitalization of $9.38 billion, a P/E ratio of -125.04 and a beta of 1.36.

Klaviyo (NYSE:KVYO) last issued its earnings results on Tuesday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $293.12 million for the quarter, compared to analysts’ expectations of $275.97 million. Klaviyo had a negative return on equity of 1.12% and a negative net margin of 6.19%.The company’s revenue was up 31.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.15 earnings per share. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts expect that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

About Klaviyo

Klaviyo, Inc, a technology company, provides a software-as-a-service platform in the United States, other Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers Klaviyo, a cloud-native platform for data store, segmentation engine, campaigns and flows, and messaging infrastructure.