Wellington Management Group LLP Reduces Stock Holdings in Klaviyo, Inc. $KVYO

Wellington Management Group LLP lowered its position in shares of Klaviyo, Inc. (NYSE:KVYO) by 7.8% in the second quarter, Holdings Channel reports. The institutional investor owned 5,049,414 shares of the company’s stock after selling 430,029 shares during the quarter. Wellington Management Group LLP’s holdings in Klaviyo were worth $76,246,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KVYO. Caitong International Asset Management Co. Ltd increased its position 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 valued at $27,000 after acquiring an additional 908 shares during the last quarter. Optiver Holding B.V. purchased a new stake in shares of Klaviyo during the first quarter worth $39,000. Quarry LP acquired a new stake in Klaviyo in the 3rd quarter valued at about $44,000. Osaic Holdings Inc. lifted its stake in Klaviyo by 317.0% in the second quarter. Osaic Holdings Inc. now owns 1,689 shares of the company’s stock worth $55,000 after acquiring an additional 1,284 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Klaviyo by 2,085.1% during the first quarter. EverSource Wealth Advisors LLC now owns 3,802 shares of the company’s stock worth $74,000 after purchasing an additional 3,628 shares in the last quarter. 45.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, CFO Amanda Whalen sold 14,000 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $18.47, for a total transaction of $258,580.00. Following the sale, the chief financial officer directly owned 824,192 shares in the company, valued at approximately $15,222,826.24. The trade was a 1.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Landon Edmond sold 53,473 shares of Klaviyo stock in a transaction on Friday, August 28th. The shares were sold at an average price of $20.01, for a total value of $1,069,994.73. Following the transaction, the insider owned 485,969 shares in the company, valued at approximately $9,724,239.69. This trade represents a 9.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 5,188,358 shares of company stock valued at $92,252,475. Corporate insiders own 37.42% of the company’s stock.

Klaviyo Trading Down 6.1%

Shares of Klaviyo stock opened at $19.39 on Thursday. The stock has a market capitalization of $5.52 billion, a P/E ratio of 969.93 and a beta of 0.57. Klaviyo, Inc. has a twelve month low of $12.53 and a twelve month high of $36.22. The business’s fifty day moving average price is $17.67 and its 200 day moving average price is $17.41.

Klaviyo (NYSE:KVYO) last issued its earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $370.58 million during the quarter, compared to the consensus estimate of $362.08 million. Klaviyo had a return on equity of 5.67% and a net margin of 0.49%.The company’s revenue was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 earnings per share. As a group, sell-side analysts predict that Klaviyo, Inc. will post 0.2 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Mizuho set a $28.00 price target on shares of Klaviyo in a research note on Thursday, August 6th. The Goldman Sachs Group set a $26.00 price objective on Klaviyo and gave the company a “buy” rating in a research note on Wednesday, June 24th. Barclays reduced their target price on shares of Klaviyo from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, August 6th. KeyCorp reduced their price target on Klaviyo from $35.00 to $29.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Finally, Citigroup raised their price objective on shares of Klaviyo from $34.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.14.

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.