Insider Selling: Klaviyo (NYSE:KVYO) Director Sells $2,023,055.36 in Stock

Klaviyo, Inc. (NYSE:KVYO) Director Ed Hallen sold 98,782 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $20.48, for a total value of $2,023,055.36. Following the sale, the director owned 94,457 shares of the company’s stock, valued at approximately $1,934,479.36. This trade represents a 51.12% decrease in their position. 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.

Klaviyo Stock Performance

Shares of KVYO stock opened at $19.73 on Friday. The stock’s 50 day simple moving average is $17.79 and its 200 day simple moving average is $17.42. Klaviyo, Inc. has a twelve month low of $12.53 and a twelve month high of $36.22. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 986.99 and a beta of 0.57.

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

Institutional Investors Weigh In On Klaviyo

Institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its holdings in Klaviyo by 1,650.9% in the 3rd 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 in the last quarter. Optiver Holding B.V. acquired a new stake in shares of Klaviyo during the 1st quarter worth approximately $39,000. Quarry LP bought a new stake in shares of Klaviyo during the third quarter valued at approximately $44,000. Osaic Holdings Inc. raised its stake in shares of 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 purchasing an additional 1,284 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Klaviyo by 2,085.1% in 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 during the period. 45.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Truist Financial dropped their target price on shares of Klaviyo from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Robert W. Baird set a $25.00 price target on Klaviyo in a research report on Thursday, August 6th. Weiss Ratings lowered Klaviyo from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, August 24th. Piper Sandler decreased their target price on Klaviyo from $26.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, August 6th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $21.00 price target on shares of Klaviyo in a research 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 issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.