Klaviyo (NYSE:KVYO) Shares Up 7.8% – Here’s What Happened

Klaviyo, Inc. (NYSE:KVYO) traded up 7.8% during mid-day trading on Monday . The stock traded as high as $17.78 and last traded at $17.6780. 1,023,728 shares changed hands during trading, a decline of 81% from the average daily volume of 5,300,905 shares. The stock had previously closed at $16.40.

Analysts Set New Price Targets

KVYO has been the topic of several analyst reports. Scotiabank set a $32.00 target price on Klaviyo in a research report on Wednesday, June 17th. Jefferies Financial Group set a $25.00 price target on Klaviyo in a research report on Saturday, May 9th. KeyCorp decreased their price target on Klaviyo from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Morgan Stanley set a $34.00 price objective on shares of Klaviyo in a research note on Wednesday, April 29th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Klaviyo in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.95.

Klaviyo Trading Up 6.7%

The firm has a 50-day moving average price of $15.70 and a 200-day moving average price of $18.36. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of -472.63 and a beta of 0.63.

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

Insider Buying and Selling

In other Klaviyo news, Director Ledger Susan St. sold 9,334 shares of Klaviyo stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $14.27, for a total value of $133,196.18. Following the transaction, the director owned 10,939 shares in the company, valued at approximately $156,099.53. The trade was a 46.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Bialecki sold 212,529 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were 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 in the company, valued at $3,105,048.69. This represents a 50.00% decrease in their position. 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. Insiders have sold 649,863 shares of company stock worth $9,521,105 in the last ninety days. 37.42% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Klaviyo

A number of hedge funds have recently modified their holdings of the stock. Morgan Stanley lifted its holdings in shares of Klaviyo by 36.1% during the fourth 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 last quarter. Vanguard Group Inc. increased its stake in Klaviyo by 12.3% in 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 stake in Klaviyo during the 4th quarter worth about $415,254,000. Alliancebernstein L.P. raised its holdings in Klaviyo by 10.1% during the 2nd quarter. Alliancebernstein L.P. now owns 4,424,249 shares of the company’s stock worth $148,566,000 after buying an additional 404,969 shares during the period. Finally, Sands Capital Alternatives LLC lifted its stake in Klaviyo by 3.8% during the fourth quarter. Sands Capital Alternatives LLC now owns 3,649,678 shares of the company’s stock valued at $118,505,000 after buying an additional 134,613 shares in the last quarter. 45.43% of the stock is currently owned by institutional investors and hedge funds.

About Klaviyo

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.