Wells Fargo & Company Cuts Klaviyo (NYSE:KVYO) Price Target to $26.00

Klaviyo (NYSE:KVYO) had its target price decreased by Wells Fargo & Company from $30.00 to $26.00 in a research report sent to investors on Wednesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other research analysts have also issued reports on KVYO. Zacks Research lowered Klaviyo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. Cantor Fitzgerald dropped their price objective on Klaviyo from $35.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday, April 15th. Stifel Nicolaus dropped their price objective on Klaviyo from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Morgan Stanley set a $34.00 price objective on Klaviyo in a research note on Wednesday, April 29th. Finally, William Blair reiterated an “outperform” rating on shares of Klaviyo in a research note on Monday, March 2nd. Eighteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.60.

Klaviyo Price Performance

Shares of KVYO stock opened at $15.17 on Wednesday. The stock has a market cap of $4.62 billion, a P/E ratio of -379.11 and a beta of 0.79. Klaviyo has a one year low of $14.95 and a one year high of $37.79. The stock has a fifty day moving average price of $18.96 and a 200 day moving average price of $23.81.

Klaviyo (NYSE:KVYO) last issued its earnings results on Tuesday, May 5th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. The firm had revenue of $358.01 million during the quarter, compared to analysts’ expectations of $348.57 million. Klaviyo had a positive return on equity of 4.16% and a negative net margin of 0.66%.Klaviyo’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same period last year, the business earned $0.14 earnings per share. Equities research analysts anticipate that Klaviyo will post 0.23 EPS for the current year.

Insider Activity

In other news, insider Landon Edmond sold 9,623 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $20.00, for a total value of $192,460.00. Following the completion of the sale, the insider directly owned 584,124 shares in the company, valued at approximately $11,682,480. This trade represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amanda Whalen sold 14,000 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $18.54, for a total value of $259,560.00. Following the completion of the sale, the chief financial officer owned 895,141 shares of the company’s stock, valued at approximately $16,595,914.14. This trade represents a 1.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,473,909 shares of company stock worth $27,200,157. 49.92% of the stock is owned by corporate insiders.

Institutional Trading of Klaviyo

A number of hedge funds and other institutional investors have recently made changes to their positions in KVYO. Capital International Investors acquired a new stake in shares of Klaviyo in the fourth quarter valued at $415,254,000. Morgan Stanley increased its stake in shares of Klaviyo by 36.1% in the fourth quarter. Morgan Stanley now owns 14,547,090 shares of the company’s stock valued at $472,344,000 after buying an additional 3,855,160 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Klaviyo in the fourth quarter valued at $92,675,000. Vanguard Group Inc. increased its stake in shares of Klaviyo by 19.2% in the third quarter. Vanguard Group Inc. now owns 12,787,728 shares of the company’s stock valued at $354,092,000 after buying an additional 2,059,550 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Klaviyo by 86.8% in the fourth quarter. JPMorgan Chase & Co. now owns 3,564,743 shares of the company’s stock valued at $115,747,000 after buying an additional 1,656,912 shares in the last quarter. 45.43% of the stock is currently owned by institutional investors and hedge funds.

About Klaviyo

Klaviyo, Inc is a cloud-based marketing automation platform that enables businesses to leverage customer data for targeted email and SMS campaigns. The company’s platform centralizes first-party data from various sources—including e-commerce storefronts, websites, and CRM systems—to help organizations deliver personalized marketing across the customer lifecycle. Klaviyo’s core offerings include segmented email marketing, automated messaging workflows, and performance analytics designed to drive customer engagement and revenue growth.

The platform provides a suite of tools for campaign creation and management, including drag-and-drop email and SMS builders, dynamic content rendering, and A/B testing capabilities.