First Trust Advisors LP Buys 374,959 Shares of Klaviyo, Inc. $KVYO

First Trust Advisors LP boosted its stake in Klaviyo, Inc. (NYSE:KVYO) by 46.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,181,887 shares of the company’s stock after purchasing an additional 374,959 shares during the quarter. First Trust Advisors LP’s holdings in Klaviyo were worth $23,000,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its holdings in shares of Klaviyo by 1,650.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company’s stock valued at $27,000 after purchasing an additional 908 shares during the period. Quarry LP bought a new position in shares of Klaviyo during the 3rd quarter worth about $44,000. Osaic Holdings Inc. grew its stake in shares of Klaviyo by 317.0% in the 2nd quarter. Osaic Holdings Inc. now owns 1,689 shares of the company’s stock valued at $55,000 after buying an additional 1,284 shares during the period. Rockefeller Capital Management L.P. grew its stake in shares of Klaviyo by 2,641.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,207 shares of the company’s stock valued at $104,000 after buying an additional 3,090 shares during the period. Finally, Dara Capital US Inc. bought a new stake in Klaviyo in the 4th quarter valued at about $112,000. 45.43% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Andrew Bialecki sold 212,529 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $14.61, for a total transaction of $3,105,048.69. Following the transaction, the chief executive officer directly owned 212,529 shares in the company, valued at approximately $3,105,048.69. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ledger Susan St. sold 9,334 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $14.27, for a total transaction of $133,196.18. Following the completion of the sale, the director directly owned 10,939 shares of the company’s stock, valued at $156,099.53. The trade was a 46.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 649,863 shares of company stock worth $9,521,105 over the last quarter. Insiders own 37.42% of the company’s stock.

Wall Street Analyst Weigh In

KVYO has been the topic of a number of research reports. KeyCorp dropped their price target on Klaviyo from $40.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Benchmark reduced their price objective on Klaviyo from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Morgan Stanley set a $34.00 price objective on Klaviyo in a report on Wednesday, April 29th. Piper Sandler lowered their target price on Klaviyo from $30.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Finally, Cantor Fitzgerald cut their target price on Klaviyo from $35.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.95.

Klaviyo Stock Performance

Shares of NYSE KVYO opened at $19.36 on Thursday. Klaviyo, Inc. has a fifty-two week low of $12.53 and a fifty-two week high of $36.76. The stock has a market cap of $5.80 billion, a price-to-earnings ratio of -483.98 and a beta of 0.63. The firm’s 50-day simple moving average is $15.79 and its 200 day simple moving average is $18.30.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. The business had revenue of $358.01 million for 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%.The business’s revenue was up 27.9% on a year-over-year basis. During the same period last year, the business earned $0.14 EPS. On average, sell-side analysts predict that Klaviyo, Inc. will post 0.25 EPS for the current year.

Klaviyo Profile

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.