Klaviyo (NYSE:KVYO) Major Shareholder Summit Partners P Sells 5,000,000 Shares of Stock

Klaviyo, Inc. (NYSE:KVYO) major shareholder Summit Partners P sold 5,000,000 shares of Klaviyo stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $17.71, for a total value of $88,550,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Klaviyo Stock Performance

NYSE:KVYO opened at $19.24 on Friday. The stock has a fifty day moving average price of $16.36 and a two-hundred day moving average price of $17.69. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 962.63 and a beta of 0.54. Klaviyo, Inc. has a 1 year low of $12.53 and a 1 year high of $36.22.

Klaviyo (NYSE:KVYO) last released its earnings results on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. Klaviyo had a return on equity of 5.67% and a net margin of 0.49%.The company had revenue of $370.58 million during the quarter, compared to the consensus estimate of $362.08 million. During the same quarter last year, the company earned $0.16 earnings per share. Klaviyo’s quarterly revenue was up 26.4% compared to the same quarter last year. On average, analysts predict that Klaviyo, Inc. will post 0.23 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Scotiabank set a $32.00 target price on shares of Klaviyo in a research report on Wednesday, June 17th. Barclays decreased their price target on Klaviyo from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Citigroup raised their price objective on Klaviyo from $34.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, August 7th. TD Cowen reduced their price objective on Klaviyo from $27.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Morgan Stanley set a $31.00 price objective on Klaviyo in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Klaviyo currently has an average rating of “Moderate Buy” and a consensus target price of $27.14.

Hedge Funds Weigh In On Klaviyo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KVYO. Caitong International Asset Management Co. Ltd grew its position in shares of Klaviyo by 1,650.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company’s stock valued at $27,000 after purchasing an additional 908 shares during the last quarter. Optiver Holding B.V. acquired a new position in shares of Klaviyo during the 1st quarter worth approximately $39,000. Quarry LP acquired a new position in shares of Klaviyo during the 3rd quarter worth approximately $44,000. Osaic Holdings Inc. raised its position in shares of Klaviyo by 317.0% during the 2nd quarter. Osaic Holdings Inc. now owns 1,689 shares of the company’s stock worth $55,000 after purchasing an additional 1,284 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Klaviyo by 2,085.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,802 shares of the company’s stock valued at $74,000 after buying an additional 3,628 shares in the last quarter. Institutional investors and hedge funds own 45.43% of the company’s stock.

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.