Advisors Asset Management Inc. Boosts Stake in Klaviyo, Inc. $KVYO

Advisors Asset Management Inc. grew its position in shares of Klaviyo, Inc. (NYSE:KVYO) by 22.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 2,731 shares of the company’s stock after acquiring an additional 506 shares during the period. Advisors Asset Management Inc.’s holdings in Klaviyo were worth $83,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KVYO. The Manufacturers Life Insurance Company grew its holdings in shares of Klaviyo by 5.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 14,285 shares of the company’s stock worth $589,000 after acquiring an additional 677 shares during the period. Northern Trust Corp grew its holdings in shares of Klaviyo by 16.2% during the 4th quarter. Northern Trust Corp now owns 187,888 shares of the company’s stock worth $7,749,000 after acquiring an additional 26,143 shares during the period. Bank of America Corp DE grew its holdings in shares of Klaviyo by 8.4% during the 4th quarter. Bank of America Corp DE now owns 276,697 shares of the company’s stock worth $11,411,000 after acquiring an additional 21,425 shares during the period. Cetera Investment Advisers bought a new stake in shares of Klaviyo in the 4th quarter worth approximately $277,000. Finally, Deutsche Bank AG boosted its position in shares of Klaviyo by 7,134.8% in the 4th quarter. Deutsche Bank AG now owns 94,921 shares of the company’s stock worth $3,915,000 after purchasing an additional 93,609 shares in the last quarter. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Klaviyo Trading Down 1.9%

KVYO stock opened at $31.19 on Friday. The stock has a market capitalization of $9.36 billion, a PE ratio of -124.76 and a beta of 1.36. Klaviyo, Inc. has a 12-month low of $23.77 and a 12-month high of $49.55. The stock’s 50 day simple moving average is $32.06 and its 200 day simple moving average is $32.29.

Klaviyo (NYSE:KVYO) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The business had revenue of $293.12 million for 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%.The firm’s quarterly revenue was up 31.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 EPS. 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 year.

Analyst Ratings Changes

KVYO has been the topic of a number of analyst reports. Stifel Nicolaus dropped their price target on Klaviyo from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, July 15th. Wall Street Zen cut Klaviyo from a “buy” rating to a “hold” rating in a research report on Sunday, August 17th. Wells Fargo & Company raised Klaviyo from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $32.00 to $40.00 in a research report on Friday, June 13th. Citigroup raised Klaviyo from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $40.00 to $50.00 in a research report on Thursday, August 7th. Finally, Macquarie reissued a “neutral” rating and issued a $37.00 price target on shares of Klaviyo in a research report on Wednesday, August 6th. Eighteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $43.65.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, insider Landon Edmond sold 9,965 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $31.46, for a total transaction of $313,498.90. Following the completion of the sale, the insider directly owned 392,584 shares in the company, valued at approximately $12,350,692.64. The trade was a 2.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ledger Susan St. sold 3,413 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $32.20, for a total transaction of $109,898.60. Following the sale, the director owned 10,939 shares of the company’s stock, valued at approximately $352,235.80. This represents a 23.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,761,283 shares of company stock worth $151,454,336. 49.92% of the stock is owned by corporate insiders.

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.