Sands Capital Management LLC lessened its position in Klaviyo, Inc. (NYSE:KVYO – Free Report) by 16.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 928,755 shares of the company’s stock after selling 176,804 shares during the quarter. Sands Capital Management LLC’s holdings in Klaviyo were worth $30,157,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Royal Bank of Canada raised its position in shares of Klaviyo by 59.4% during the first quarter. Royal Bank of Canada now owns 10,008 shares of the company’s stock worth $303,000 after purchasing an additional 3,730 shares during the period. Amundi grew its stake in Klaviyo by 109.7% in the first quarter. Amundi now owns 14,361 shares of the company’s stock valued at $400,000 after purchasing an additional 7,514 shares in the last quarter. AQR Capital Management LLC purchased a new position in Klaviyo in the first quarter valued at about $359,000. Woodline Partners LP grew its stake in Klaviyo by 54.5% in the first quarter. Woodline Partners LP now owns 12,419 shares of the company’s stock valued at $376,000 after purchasing an additional 4,379 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Klaviyo by 40.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,158 shares of the company’s stock worth $4,483,000 after purchasing an additional 42,980 shares during the last quarter. Institutional investors own 45.43% of the company’s stock.
Insider Buying and Selling at Klaviyo
In other news, CFO Amanda Whalen sold 14,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $14.26, for a total value of $199,640.00. Following the completion of the transaction, the chief financial officer directly owned 895,141 shares of the company’s stock, valued at approximately $12,764,710.66. This represents a 1.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Landon Edmond sold 9,623 shares of the stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $20.00, for a total value of $192,460.00. Following the completion of the transaction, 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 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. Insiders sold a total of 1,459,486 shares of company stock valued at $24,459,905 in the last quarter. Corporate insiders own 37.42% of the company’s stock.
Klaviyo Stock Down 0.2%
Klaviyo (NYSE:KVYO – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. The firm had revenue of $358.01 million during the quarter, compared to analysts’ expectations of $348.57 million. Klaviyo had a positive return on equity of 4.16% and a negative net margin of 0.66%.The company’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 EPS. On average, analysts expect that Klaviyo, Inc. will post 0.25 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on KVYO shares. Morgan Stanley set a $34.00 price target on Klaviyo in a report on Wednesday, April 29th. Piper Sandler decreased their target price on Klaviyo from $30.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Wells Fargo & Company decreased their target price on Klaviyo from $30.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. KeyCorp decreased their target price on Klaviyo from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Finally, Stifel Nicolaus decreased their target price on Klaviyo from $35.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Eighteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.40.
Check Out Our Latest Analysis on Klaviyo
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.
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