Summit Partners P Sells 5,000,000 Shares of Klaviyo (NYSE:KVYO) Stock

Posted by Brenda Bartman on Aug 13th, 2026

Klaviyo, Inc. (NYSE:KVYO – Get Free Report) major shareholder Summit Partners P sold 5,000,000 shares of Klaviyo stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $17.71, for a total value of $88,550,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Klaviyo Trading Up 11.6%

NYSE KVYO traded up $1.99 on Thursday, reaching $19.24. 9,735,405 shares of the company were exchanged, compared to its average volume of 5,575,800. The business’s fifty day moving average price is $16.29 and its 200 day moving average price is $17.73. The stock has a market capitalization of $5.76 billion, a P/E ratio of 962.63 and a beta of 0.54. Klaviyo, Inc. has a fifty-two week low of $12.53 and a fifty-two week high of $36.22.

Klaviyo (NYSE:KVYO – Get Free Report) last issued 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. The business had revenue of $370.58 million during the quarter, compared to the consensus estimate of $362.08 million. Klaviyo had a return on equity of 5.67% and a net margin of 0.49%.The company’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same period last year, the company earned $0.16 EPS. Equities research analysts forecast that Klaviyo, Inc. will post 0.24 earnings per share for the current year.

Institutional Investors Weigh In On Klaviyo

A number of institutional investors and hedge funds have recently made changes to their positions in KVYO. Caitong International Asset Management Co. Ltd increased 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 purchasing an additional 908 shares during the last quarter. Optiver Holding B.V. acquired a new position in Klaviyo during the first quarter worth $39,000. Quarry LP acquired a new position in Klaviyo during the third quarter worth $44,000. Osaic Holdings Inc. lifted its stake in Klaviyo by 317.0% during the second quarter. Osaic Holdings Inc. now owns 1,689 shares of the company’s stock worth $55,000 after purchasing an additional 1,284 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Klaviyo by 2,085.1% during the first quarter. EverSource Wealth Advisors LLC now owns 3,802 shares of the company’s stock worth $74,000 after buying an additional 3,628 shares during the period. 45.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on KVYO shares. Truist Financial decreased 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. The Goldman Sachs Group set a $26.00 price target on shares of Klaviyo and gave the company a “buy” rating in a research report on Wednesday, June 24th. Morgan Stanley set a $31.00 price objective on Klaviyo in a report on Thursday, August 6th. Canaccord Genuity Group lowered their price objective on Klaviyo from $32.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, Barclays cut their target price on Klaviyo from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, August 6th. One equities 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.14.

View Our Latest Report on KVYO

About Klaviyo

(Get Free Report)

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.