Parallel Advisors LLC Boosts Stock Holdings in Klaviyo, Inc. $KVYO

Parallel Advisors LLC increased its stake in Klaviyo, Inc. (NYSE:KVYO) by 17,273.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,606 shares of the company’s stock after buying an additional 2,591 shares during the quarter. Parallel Advisors LLC’s holdings in Klaviyo were worth $88,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Klaviyo by 9.7% in the 1st quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company’s stock worth $256,240,000 after buying an additional 746,078 shares during the last quarter. Encompass More Asset Management purchased a new position in shares of Klaviyo in the 1st quarter worth about $549,000. Raymond James Financial Inc. boosted its holdings in shares of Klaviyo by 85.4% in the 1st quarter. Raymond James Financial Inc. now owns 545,159 shares of the company’s stock worth $16,497,000 after buying an additional 251,104 shares during the last quarter. WCM Investment Management LLC boosted its holdings in shares of Klaviyo by 27.7% in the 1st quarter. WCM Investment Management LLC now owns 390,119 shares of the company’s stock worth $12,101,000 after buying an additional 84,715 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in shares of Klaviyo in the 1st quarter worth about $3,249,000. 45.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KVYO has been the topic of a number of research analyst reports. Citigroup raised shares of 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 report on Thursday, August 7th. Morgan Stanley upgraded Klaviyo from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $40.00 to $50.00 in a research note on Friday, September 19th. Piper Sandler upped their price objective on shares of Klaviyo from $40.00 to $55.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Wall Street Zen downgraded shares of Klaviyo from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Finally, Zacks Research upgraded shares of Klaviyo to a “strong sell” rating in a research note on Friday, August 8th. Nineteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.45.

Klaviyo Stock Up 0.9%

Shares of KVYO opened at $35.33 on Thursday. The business’s 50-day moving average price is $32.31 and its 200-day moving average price is $32.05. The stock has a market cap of $10.60 billion, a PE ratio of -141.31 and a beta of 1.36. Klaviyo, Inc. has a twelve month low of $23.77 and a twelve month high of $49.55.

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

Insider Buying and Selling

In related news, Director Ed Hallen sold 89,748 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $31.71, for a total value of $2,845,909.08. Following the transaction, the director directly owned 177,776 shares in the company, valued at approximately $5,637,276.96. This represents a 33.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Bialecki sold 226,702 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $31.50, for a total transaction of $7,141,113.00. The disclosure for this sale can be found here. Insiders sold 5,077,413 shares of company stock valued at $161,623,703 in the last 90 days. 49.92% of the stock is owned by company 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.