Granahan Investment Management LLC Cuts Stake in Klaviyo, Inc. $KVYO

Granahan Investment Management LLC cut its stake in shares of Klaviyo, Inc. (NYSE:KVYO) by 35.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 310,879 shares of the company’s stock after selling 168,869 shares during the period. Granahan Investment Management LLC’s holdings in Klaviyo were worth $8,608,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Brevan Howard Capital Management LP purchased a new stake in Klaviyo during the 3rd quarter valued at about $276,000. Centiva Capital LP increased its stake in Klaviyo by 77.5% during the 3rd quarter. Centiva Capital LP now owns 46,836 shares of the company’s stock valued at $1,297,000 after purchasing an additional 20,443 shares in the last quarter. Cinctive Capital Management LP purchased a new position in Klaviyo in the third quarter worth about $7,905,000. Cantor Fitzgerald L. P. bought a new position in shares of Klaviyo in the third quarter worth approximately $637,000. Finally, Boothbay Fund Management LLC bought a new position in shares of Klaviyo in the third quarter worth approximately $2,577,000. Institutional investors own 45.43% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Benchmark reduced their price target on shares of Klaviyo from $46.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, February 9th. Needham & Company LLC lowered their price objective on Klaviyo from $45.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Citigroup cut their target price on Klaviyo from $51.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Stephens reduced their target price on Klaviyo from $43.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. Finally, Morgan Stanley restated an “overweight” rating and issued a $38.00 price target on shares of Klaviyo in a research note on Wednesday, February 11th. Nineteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.24.

Klaviyo Stock Down 0.8%

Klaviyo stock opened at $19.13 on Monday. Klaviyo, Inc. has a 52-week low of $15.53 and a 52-week high of $37.79. The company has a market cap of $5.83 billion, a P/E ratio of -159.36 and a beta of 1.29. The business has a 50-day simple moving average of $21.91 and a two-hundred day simple moving average of $26.68.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm had revenue of $350.20 million for the quarter, compared to analysts’ expectations of $333.99 million. Klaviyo had a negative net margin of 2.57% and a positive return on equity of 2.03%. The business’s quarterly revenue was up 29.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 EPS. Research analysts anticipate that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

Insider Buying and Selling at Klaviyo

In other news, CFO Amanda Whalen sold 14,000 shares of Klaviyo stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $19.58, for a total transaction of $274,120.00. Following the transaction, the chief financial officer owned 412,425 shares in the company, valued at $8,075,281.50. This trade represents a 3.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Landon Edmond sold 14,366 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $20.15, for a total transaction of $289,474.90. Following the sale, the insider directly owned 312,362 shares of the company’s stock, valued at approximately $6,294,094.30. The trade was a 4.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,776,618 shares of company stock valued at $43,831,588. Insiders own 53.24% of the company’s stock.

Klaviyo Company 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.