Klaviyo, Inc. (NYSE:KVYO – Get Free Report)’s share price dropped 5.6% during trading on Wednesday . The company traded as low as $17.33 and last traded at $17.33. Approximately 5,045,917 shares traded hands during mid-day trading, a decline of 8% from the average session volume of 5,513,301 shares. The stock had previously closed at $18.36.
Analysts Set New Price Targets
A number of analysts have weighed in on KVYO shares. Cantor Fitzgerald decreased their target price 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. KeyCorp dropped their price target on shares of Klaviyo from $35.00 to $29.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Mizuho set a $28.00 price objective on shares of Klaviyo in a research report on Thursday, August 6th. Scotiabank set a $32.00 price objective on shares of Klaviyo in a research report on Wednesday, June 17th. Finally, Citigroup lifted their target price on shares of Klaviyo from $34.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Klaviyo presently has a consensus rating of “Moderate Buy” and an average target price of $27.14.
View Our Latest Analysis on Klaviyo
Klaviyo Stock Down 6.0%
Klaviyo (NYSE:KVYO – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The firm had revenue of $370.58 million for the quarter, compared to analyst estimates of $362.08 million. Klaviyo had a return on equity of 5.67% and a net margin of 0.49%.The company’s revenue was up 26.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 earnings per share. Equities analysts expect that Klaviyo, Inc. will post 0.24 EPS for the current year.
Insiders Place Their Bets
In other Klaviyo news, CEO Andrew Bialecki sold 212,529 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $14.61, for a total value of $3,105,048.69. Following the completion of the sale, the chief executive officer directly owned 212,529 shares in the company, valued at approximately $3,105,048.69. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 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 completion of the sale, the director directly owned 10,939 shares of the company’s stock, valued at approximately $156,099.53. This trade represents a 46.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 449,863 shares of company stock worth $6,599,105. 37.42% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in Klaviyo in the second quarter worth approximately $8,663,000. Handelsbanken Fonder AB grew its stake in Klaviyo by 62.5% in the second quarter. Handelsbanken Fonder AB now owns 43,700 shares of the company’s stock valued at $660,000 after acquiring an additional 16,800 shares during the period. Optiver Holding B.V. bought a new stake in shares of Klaviyo during the first quarter valued at approximately $39,000. Lavelle Capital LP acquired a new position in shares of Klaviyo during the first quarter worth approximately $994,000. Finally, Bank of America Corp DE raised its position in shares of Klaviyo by 88.9% during the first quarter. Bank of America Corp DE now owns 1,686,770 shares of the company’s stock worth $32,825,000 after purchasing an additional 793,613 shares during the period. 45.43% of the stock is owned by institutional investors and hedge funds.
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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