Needham Investment Management LLC Has $2.11 Million Holdings in Klaviyo, Inc. $KVYO

Needham Investment Management LLC trimmed its holdings in shares of Klaviyo, Inc. (NYSE:KVYO) by 78.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,000 shares of the company’s stock after selling 240,000 shares during the period. Needham Investment Management LLC’s holdings in Klaviyo were worth $2,111,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in KVYO. Morgan Stanley raised its holdings in shares of Klaviyo by 36.1% in the 4th quarter. Morgan Stanley now owns 14,547,090 shares of the company’s stock valued at $472,344,000 after purchasing an additional 3,855,160 shares during the period. Vanguard Group Inc. grew its position in shares of Klaviyo by 12.3% during the 4th quarter. Vanguard Group Inc. now owns 14,361,540 shares of the company’s stock worth $466,319,000 after purchasing an additional 1,573,812 shares in the last quarter. Capital International Investors acquired a new position in shares of Klaviyo during the 4th quarter worth approximately $415,254,000. Alliancebernstein L.P. grew its position in shares of Klaviyo by 8.6% during the 3rd quarter. Alliancebernstein L.P. now owns 4,806,677 shares of the company’s stock worth $133,097,000 after purchasing an additional 382,428 shares in the last quarter. Finally, Sands Capital Alternatives LLC boosted its position in shares of Klaviyo by 3.8% during the 4th quarter. Sands Capital Alternatives LLC now owns 3,649,678 shares of the company’s stock worth $118,505,000 after acquiring an additional 134,613 shares in the last quarter. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on KVYO. Cantor Fitzgerald reduced their price target on shares of Klaviyo from $35.00 to $28.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of Klaviyo in a research note on Wednesday, May 20th. Wall Street Zen raised shares of Klaviyo from a “hold” rating to a “buy” rating in a research note on Sunday, March 22nd. Wells Fargo & Company dropped their price objective on Klaviyo from $30.00 to $26.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Finally, Stifel Nicolaus dropped their target price on shares of Klaviyo from $35.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Eighteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.40.

Klaviyo Stock Down 1.9%

KVYO stock opened at $13.95 on Tuesday. Klaviyo, Inc. has a twelve month low of $13.53 and a twelve month high of $36.76. The stock’s 50 day moving average is $16.76 and its 200-day moving average is $21.49. The firm has a market capitalization of $4.17 billion, a PE ratio of -348.56 and a beta of 0.63.

Klaviyo (NYSE:KVYO) last posted its earnings results on Tuesday, May 5th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The company had revenue of $358.01 million for the quarter, compared to analyst estimates of $348.57 million. Klaviyo had a positive return on equity of 4.16% and a negative net margin of 0.66%.The company’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter last year, the company earned $0.14 earnings per share. On average, equities research analysts anticipate that Klaviyo, Inc. will post 0.25 earnings per share for the current fiscal year.

Insider Activity

In other Klaviyo news, Director Ledger Susan St. sold 9,334 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $14.27, for a total value of $133,196.18. Following the completion of the sale, the director owned 10,939 shares in the company, valued at approximately $156,099.53. This trade represents a 46.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Landon Edmond sold 9,623 shares of the stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $20.00, for a total transaction of $192,460.00. Following the completion of the sale, the insider owned 584,124 shares of the company’s stock, valued at approximately $11,682,480. This trade represents a 1.62% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 1,259,486 shares of company stock worth $20,585,905. Corporate 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.