Granahan Investment Management LLC grew its stake in Klaviyo, Inc. (NYSE:KVYO – Free Report) by 94.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 605,271 shares of the company’s stock after acquiring an additional 294,392 shares during the period. Granahan Investment Management LLC’s holdings in Klaviyo were worth $19,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also bought and sold shares of the business. Delta Global Management LP increased its position in Klaviyo by 52.7% during the fourth quarter. Delta Global Management LP now owns 785,308 shares of the company’s stock worth $25,499,000 after acquiring an additional 270,944 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in Klaviyo by 27.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 11,886 shares of the company’s stock worth $386,000 after acquiring an additional 2,574 shares during the period. Sands Capital Alternatives LLC increased its position in Klaviyo by 3.8% during the fourth quarter. Sands Capital Alternatives LLC now owns 3,649,678 shares of the company’s stock worth $118,505,000 after acquiring an additional 134,613 shares during the period. Mariner LLC increased its position in Klaviyo by 6.9% during the fourth quarter. Mariner LLC now owns 81,886 shares of the company’s stock worth $2,659,000 after acquiring an additional 5,276 shares during the period. Finally, Fieldview Capital Management LLC bought a new position in Klaviyo during the fourth quarter worth about $347,000. 45.43% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the stock. Jefferies Financial Group set a $25.00 price target on shares of Klaviyo in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Klaviyo in a research report on Wednesday, May 20th. Barclays lowered their price target on shares of Klaviyo from $31.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Stifel Nicolaus lowered their price target on shares of Klaviyo from $35.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Finally, KeyCorp lowered their price target on shares of Klaviyo from $40.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Eighteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Klaviyo currently has a consensus rating of “Moderate Buy” and an average price target of $31.40.
Klaviyo Stock Down 1.3%
KVYO stock opened at $13.82 on Wednesday. Klaviyo, Inc. has a 12 month low of $13.53 and a 12 month high of $36.76. The firm has a market cap of $4.13 billion, a P/E ratio of -345.29 and a beta of 0.62. The company’s 50-day moving average price is $16.66 and its two-hundred day moving average price is $21.39.
Klaviyo (NYSE:KVYO – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $358.01 million for the quarter, compared to analyst estimates of $348.57 million. Klaviyo had a negative net margin of 0.66% and a positive return on equity of 4.16%. The firm’s revenue was up 27.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS. Equities analysts predict that Klaviyo, Inc. will post 0.25 EPS for the current year.
Insider Activity at Klaviyo
In related news, insider Landon Edmond sold 9,623 shares of Klaviyo stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $20.00, for a total transaction of $192,460.00. Following the sale, the insider directly owned 584,124 shares of the company’s stock, valued at approximately $11,682,480. The trade was a 1.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $133,196.18. Following the sale, the director directly owned 10,939 shares in the company, valued at $156,099.53. This trade represents a 46.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 1,259,486 shares of company stock valued at $20,585,905. Company insiders own 37.42% 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.
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