Raymond James Financial Inc. Purchases 251,104 Shares of Klaviyo, Inc. $KVYO

Raymond James Financial Inc. boosted its stake in shares of Klaviyo, Inc. (NYSE:KVYO) by 85.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 545,159 shares of the company’s stock after purchasing an additional 251,104 shares during the quarter. Raymond James Financial Inc. owned about 0.20% of Klaviyo worth $16,497,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in KVYO. TFC Financial Management Inc. bought a new stake in Klaviyo during the first quarter worth approximately $27,000. CWM LLC boosted its position in Klaviyo by 227.5% during the first quarter. CWM LLC now owns 930 shares of the company’s stock worth $28,000 after purchasing an additional 646 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in Klaviyo by 217.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,421 shares of the company’s stock worth $43,000 after purchasing an additional 974 shares during the period. Tower Research Capital LLC TRC boosted its position in Klaviyo by 77.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,874 shares of the company’s stock worth $77,000 after purchasing an additional 818 shares during the period. Finally, KBC Group NV bought a new stake in Klaviyo during the first quarter worth approximately $77,000. Institutional investors own 45.43% of the company’s stock.

Analyst Upgrades and Downgrades

KVYO has been the subject of a number of recent analyst reports. Cantor Fitzgerald raised Klaviyo to an “overweight” rating and set a $48.00 target price for the company in a research report on Tuesday, June 3rd. Citigroup raised Klaviyo from a “neutral” rating to a “buy” rating and upped their target price for the stock from $40.00 to $50.00 in a research report on Thursday, August 7th. Macquarie reaffirmed a “neutral” rating and set a $37.00 target price on shares of Klaviyo in a research report on Wednesday, August 6th. TD Cowen upped their price target on Klaviyo from $45.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Finally, Zacks Research upgraded Klaviyo to a “strong sell” rating in a report on Friday, August 8th. Eighteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $43.65.

Insider Transactions at Klaviyo

In other Klaviyo news, major shareholder Summit Partners L. P sold 4,000,000 shares of Klaviyo stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $33.35, for a total transaction of $133,400,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Landon Edmond sold 9,965 shares of Klaviyo stock in a transaction on Monday, August 18th. The shares were sold at an average price of $31.46, for a total value of $313,498.90. Following the transaction, the insider directly owned 392,584 shares of the company’s stock, valued at approximately $12,350,692.64. The trade was a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,314,085 shares of company stock valued at $143,324,991 over the last 90 days. Corporate insiders own 49.92% of the company’s stock.

Klaviyo Price Performance

Shares of KVYO stock opened at $32.57 on Friday. The stock has a market cap of $9.77 billion, a P/E ratio of -130.26 and a beta of 1.36. Klaviyo, Inc. has a one year low of $23.77 and a one year high of $49.55. The stock has a fifty day moving average price of $32.34 and a 200 day moving average price of $33.32.

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

Klaviyo 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.