Integrated Wealth Concepts LLC Sells 232,277 Shares of Klaviyo, Inc. $KVYO

Integrated Wealth Concepts LLC decreased its position in shares of Klaviyo, Inc. (NYSE:KVYO) by 28.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 598,174 shares of the company’s stock after selling 232,277 shares during the period. Integrated Wealth Concepts LLC owned 0.20% of Klaviyo worth $16,563,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of KVYO. Vanguard Group Inc. increased its stake in shares of Klaviyo by 19.2% in the third quarter. Vanguard Group Inc. now owns 12,787,728 shares of the company’s stock worth $354,092,000 after purchasing an additional 2,059,550 shares during the period. Cooper Creek Partners Management LLC bought a new stake in Klaviyo during the 2nd quarter valued at approximately $57,109,000. Norges Bank acquired a new stake in Klaviyo in the 2nd quarter valued at approximately $52,629,000. American Century Companies Inc. grew its holdings in Klaviyo by 123.4% in the 2nd quarter. American Century Companies Inc. now owns 2,685,480 shares of the company’s stock valued at $90,178,000 after buying an additional 1,483,427 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Klaviyo by 105.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,692,854 shares of the company’s stock worth $56,846,000 after buying an additional 867,666 shares during the period. 45.43% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Amanda Whalen sold 14,000 shares of Klaviyo stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $19.58, for a total transaction of $274,120.00. Following the completion of the transaction, the chief financial officer directly owned 412,425 shares of the company’s stock, valued at $8,075,281.50. This trade represents a 3.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Landon Edmond sold 14,366 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $20.15, for a total transaction of $289,474.90. Following the completion of the transaction, the insider owned 312,362 shares in the company, valued at approximately $6,294,094.30. This trade represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,637,970 shares of company stock worth $39,805,250. Corporate insiders own 53.24% of the company’s stock.

Klaviyo Price Performance

Klaviyo stock opened at $19.22 on Tuesday. The business has a 50 day simple moving average of $21.71 and a 200 day simple moving average of $26.59. The company has a market capitalization of $5.86 billion, a PE ratio of -160.17 and a beta of 1.29. Klaviyo, Inc. has a one year low of $15.53 and a one year high of $37.79.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Klaviyo had a positive return on equity of 2.03% and a negative net margin of 2.57%.The firm had revenue of $350.20 million for the quarter, compared to analysts’ expectations of $333.99 million. During the same period in the prior year, the business posted $0.07 earnings per share. The business’s revenue was up 29.6% compared to the same quarter last year. Equities analysts anticipate that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

KVYO has been the subject of several research reports. Needham & Company LLC reduced their price objective on Klaviyo from $45.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Citigroup dropped their target price on shares of Klaviyo from $51.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Morgan Stanley reiterated an “overweight” rating and set a $38.00 target price on shares of Klaviyo in a research note on Wednesday, February 11th. Benchmark reduced their price target on shares of Klaviyo from $46.00 to $30.00 and set a “buy” rating for the company in a report on Monday, February 9th. Finally, Wells Fargo & Company decreased their price target on shares of Klaviyo from $40.00 to $30.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Nineteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $34.24.

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.