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

Klaviyo, Inc. (NYSE:KVYO) major shareholder Summit Partners P sold 5,000,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $17.71, for a total value of $88,550,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Klaviyo Stock Up 11.6%

NYSE KVYO traded up $1.99 during trading on Thursday, hitting $19.24. The stock had a trading volume of 9,735,405 shares, compared to its average volume of 5,575,800. The company has a market capitalization of $5.76 billion, a PE ratio of 962.63 and a beta of 0.54. The firm has a 50 day moving average price of $16.29 and a 200 day moving average price of $17.73. Klaviyo, Inc. has a twelve month low of $12.53 and a twelve month high of $36.22.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Klaviyo had a net margin of 0.49% and a return on equity of 5.67%. The business had revenue of $370.58 million for the quarter, compared to analysts’ expectations of $362.08 million. During the same quarter in the prior year, the company earned $0.16 earnings per share. The business’s quarterly revenue was up 26.4% on a year-over-year basis. On average, sell-side analysts anticipate that Klaviyo, Inc. will post 0.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Cantor Fitzgerald decreased their price target on shares of Klaviyo from $35.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, April 15th. Barclays cut their price objective on Klaviyo from $25.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Canaccord Genuity Group reduced their price objective on Klaviyo from $32.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Stephens lifted their target price on Klaviyo from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Finally, KeyCorp lowered their target price on Klaviyo from $35.00 to $29.00 and set an “overweight” rating for the company in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.14.

Institutional Investors Weigh In On Klaviyo

A number of large investors have recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in shares of Klaviyo in the 2nd quarter valued at $8,663,000. Handelsbanken Fonder AB lifted its position in shares of Klaviyo by 62.5% during the 2nd quarter. Handelsbanken Fonder AB now owns 43,700 shares of the company’s stock worth $660,000 after purchasing an additional 16,800 shares during the last quarter. Optiver Holding B.V. acquired a new position in shares of Klaviyo during the first quarter worth $39,000. Lavelle Capital LP acquired a new position in shares of Klaviyo during the first quarter worth $994,000. Finally, Bank of America Corp DE increased its holdings in Klaviyo by 88.9% in the first quarter. Bank of America Corp DE now owns 1,686,770 shares of the company’s stock valued at $32,825,000 after buying an additional 793,613 shares during the last quarter. 45.43% of the stock is owned by hedge funds and other institutional investors.

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.