Charles Schwab Investment Management Inc. Sells 14,298 Shares of Klaviyo, Inc. $KVYO

Charles Schwab Investment Management Inc. lowered its position in shares of Klaviyo, Inc. (NYSE:KVYO) by 3.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 450,161 shares of the company’s stock after selling 14,298 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.16% of Klaviyo worth $13,622,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Klaviyo by 9.7% during the 1st quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company’s stock valued at $256,240,000 after buying an additional 746,078 shares in the last quarter. Encompass More Asset Management bought a new stake in Klaviyo during the first quarter valued at about $549,000. Blair William & Co. IL lifted its position in shares of Klaviyo by 12.1% in the first quarter. Blair William & Co. IL now owns 231,153 shares of the company’s stock valued at $6,995,000 after acquiring an additional 24,929 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of Klaviyo in the first quarter valued at about $1,858,000. Finally, Alberta Investment Management Corp bought a new position in shares of Klaviyo in the first quarter worth about $1,065,000. 45.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KVYO has been the topic of several recent analyst reports. TD Cowen lifted their target price on Klaviyo from $45.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Wells Fargo & Company raised Klaviyo from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $32.00 to $40.00 in a research note on Friday, June 13th. Stifel Nicolaus decreased their target price on Klaviyo from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, July 15th. The Goldman Sachs Group decreased their target price on Klaviyo from $51.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th. Finally, Macquarie reissued a “neutral” rating and set a $37.00 target price on shares of Klaviyo in a research note on Wednesday, August 6th. Eighteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Klaviyo has a consensus rating of “Moderate Buy” and a consensus target price of $43.65.

Klaviyo Price Performance

NYSE:KVYO opened at $32.7480 on Friday. Klaviyo, Inc. has a 1 year low of $23.77 and a 1 year high of $49.55. The stock’s 50 day simple moving average is $32.52 and its two-hundred day simple moving average is $33.67. The company has a market cap of $9.82 billion, a price-to-earnings ratio of -130.99 and a beta of 1.36.

Klaviyo (NYSE:KVYO) last released its earnings results on Tuesday, August 5th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $293.12 million for the quarter, compared to the consensus estimate of $275.97 million. Klaviyo had a negative return on equity of 1.12% and a negative net margin of 6.19%.The company’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts anticipate that Klaviyo, Inc. will post 0.04 EPS for the current year.

Insider Activity

In other news, CFO Amanda Whalen sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $31.66, for a total transaction of $474,900.00. Following the transaction, the chief financial officer owned 517,831 shares of the company’s stock, valued at approximately $16,394,529.46. The trade was a 2.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Stephen Eric Rowland sold 7,105 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $31.46, for a total value of $223,523.30. Following the transaction, the president directly owned 445,726 shares in the company, valued at approximately $14,022,539.96. This represents a 1.57% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,087,383 shares of company stock worth $136,183,878. Company insiders own 49.92% of the company’s stock.

Klaviyo Company Profile

Klaviyo, Inc, a technology company, provides a software-as-a-service platform in the United States, other Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers Klaviyo, a cloud-native platform for data store, segmentation engine, campaigns and flows, and messaging infrastructure.