Klaviyo (NYSE:KVYO) Stock Price Down 5.4% Following Insider Selling

Klaviyo, Inc. (NYSE:KVYO)’s stock price dropped 5.4% on Wednesday after an insider sold shares in the company. The stock traded as low as $19.59 and last traded at $19.5210. Approximately 2,399,553 shares changed hands during trading, a decline of 57% from the average daily volume of 5,532,563 shares. The stock had previously closed at $20.64.

Specifically, Director Ed Hallen sold 98,782 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $20.48, for a total transaction of $2,023,055.36. Following the transaction, the director owned 94,457 shares of the company’s stock, valued at $1,934,479.36. This represents a 51.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Landon Edmond sold 8,103 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $20.44, for a total transaction of $165,625.32. Following the completion of the sale, the insider directly owned 477,866 shares in the company, valued at $9,767,581.04. This represents a 1.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other news, insider Landon Edmond sold 53,473 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $20.01, for a total transaction of $1,069,994.73. Following the completion of the sale, the insider directly owned 485,969 shares of the company’s stock, valued at $9,724,239.69. The trade was a 9.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. TD Cowen cut their price target on shares of Klaviyo from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Robert W. Baird set a $25.00 target price on shares of Klaviyo in a research note on Thursday, August 6th. Truist Financial decreased their price target on shares of Klaviyo from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Wall Street Zen downgraded Klaviyo from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Stephens raised their price objective on Klaviyo from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.14.

Klaviyo Price Performance

The stock has a market cap of $5.56 billion, a price-to-earnings ratio of 977.29 and a beta of 0.57. The business’s fifty day simple moving average is $17.57 and its 200 day simple moving average is $17.40.

Klaviyo (NYSE:KVYO) last posted its earnings results on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate 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 analyst estimates of $362.08 million. During the same period in the prior year, the company earned $0.16 earnings per share. The business’s revenue was up 26.4% compared to the same quarter last year. As a group, equities analysts forecast that Klaviyo, Inc. will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Klaviyo

Institutional investors and hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd grew its position in Klaviyo by 1,650.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company’s stock worth $27,000 after purchasing an additional 908 shares in the last quarter. Optiver Holding B.V. acquired a new position in shares of Klaviyo in the first quarter worth $39,000. Quarry LP acquired a new position in Klaviyo in the 3rd quarter worth 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 valued at $55,000 after acquiring an additional 1,284 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of 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 purchasing an additional 3,628 shares during the last quarter. 45.43% of the stock is owned by institutional investors and hedge funds.

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.