Cresset Asset Management LLC Invests $373,000 in Klaviyo, Inc. $KVYO

Cresset Asset Management LLC purchased a new position in shares of Klaviyo, Inc. (NYSE:KVYO) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,342 shares of the company’s stock, valued at approximately $373,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. TFC Financial Management Inc. acquired a new position in shares of Klaviyo during the first quarter valued at $27,000. CWM LLC boosted its holdings in shares of Klaviyo by 227.5% during the first quarter. CWM LLC now owns 930 shares of the company’s stock valued at $28,000 after acquiring an additional 646 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Klaviyo by 217.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,421 shares of the company’s stock valued at $43,000 after acquiring an additional 974 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Klaviyo by 77.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company’s stock valued at $77,000 after acquiring an additional 818 shares during the period. Finally, KBC Group NV acquired a new position in shares of Klaviyo during the first quarter valued at $77,000. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Klaviyo Stock Performance

Shares of NYSE KVYO opened at $32.7480 on Monday. The stock has a fifty day moving average price of $32.52 and a two-hundred day moving average price of $33.57. The firm has a market cap of $9.82 billion, a P/E ratio of -130.99 and a beta of 1.36. Klaviyo, Inc. has a 1 year low of $23.77 and a 1 year high of $49.55.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Klaviyo had a negative return on equity of 1.12% and a negative net margin of 6.19%.The firm had revenue of $293.12 million during the quarter, compared to analyst estimates of $275.97 million. During the same period last year, the company posted $0.15 EPS. The firm’s quarterly revenue was up 31.9% on a year-over-year basis. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts predict that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Klaviyo news, insider Carmel Galvin sold 11,155 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $31.67, for a total transaction of $353,278.85. Following the transaction, the insider directly owned 675,833 shares of the company’s stock, valued at $21,403,631.11. This represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Amanda Whalen sold 15,000 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $31.32, for a total transaction of $469,800.00. Following the transaction, the chief financial officer directly owned 485,515 shares in the company, valued at $15,206,329.80. The trade was a 3.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,087,383 shares of company stock valued at $136,183,878. 53.24% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KVYO. TD Cowen boosted their price target on shares of Klaviyo from $45.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Macquarie reissued a “neutral” rating and issued a $37.00 price objective on shares of Klaviyo in a report on Wednesday, August 6th. Piper Sandler increased their price objective on Klaviyo from $40.00 to $55.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Wall Street Zen lowered Klaviyo from a “buy” rating to a “hold” rating in a report on Sunday, August 17th. Finally, Barclays increased their price objective on Klaviyo from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, May 7th. Eighteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $43.65.

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.