Summit Partners L P Sells 11,975,000 Shares of Klaviyo, Inc. $KVYO

Summit Partners L P lowered its stake in Klaviyo, Inc. (NYSE:KVYO) by 38.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,852,778 shares of the company’s stock after selling 11,975,000 shares during the period. Klaviyo makes up approximately 56.2% of Summit Partners L P’s portfolio, making the stock its biggest holding. Summit Partners L P owned about 0.06% of Klaviyo worth $522,033,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Main Management ETF Advisors LLC increased its stake in Klaviyo by 1.7% in the 2nd quarter. Main Management ETF Advisors LLC now owns 22,723 shares of the company’s stock valued at $763,000 after buying an additional 372 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Klaviyo by 5.3% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 9,312 shares of the company’s stock valued at $258,000 after acquiring an additional 469 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Klaviyo during the second quarter worth about $31,000. First Horizon Advisors Inc. purchased a new position in Klaviyo during the second quarter worth about $37,000. Finally, Osaic Holdings Inc. lifted its position in Klaviyo by 317.0% in the second quarter. Osaic Holdings Inc. now owns 1,689 shares of the company’s stock valued at $55,000 after purchasing an additional 1,284 shares during the period. 45.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Ed Hallen sold 117,550 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $30.36, for a total value of $3,568,818.00. Following the transaction, the director owned 133,624 shares in the company, valued at approximately $4,056,824.64. This trade represents a 46.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew Bialecki sold 167,926 shares of the firm’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $24.16, for a total transaction of $4,057,092.16. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,862,901 shares of company stock worth $52,846,182. 49.92% of the stock is owned by company insiders.

Klaviyo Stock Up 1.6%

NYSE KVYO opened at $22.57 on Tuesday. Klaviyo, Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $49.55. The business has a fifty day moving average of $28.56 and a 200-day moving average of $29.34. The stock has a market cap of $6.81 billion, a price-to-earnings ratio of -94.04 and a beta of 1.08.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.04. Klaviyo had a negative net margin of 5.70% and a negative return on equity of 1.00%. The business had revenue of $310.88 million for the quarter, compared to the consensus estimate of $299.93 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The company’s quarterly revenue was up 32.2% compared to the same quarter last year. As a group, analysts anticipate that Klaviyo, Inc. will post 0.04 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on KVYO shares. BTIG Research began coverage on Klaviyo in a research report on Monday, December 15th. They set a “buy” rating and a $40.00 target price on the stock. The Goldman Sachs Group dropped their price objective on Klaviyo from $48.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Weiss Ratings began coverage on Klaviyo in a report on Saturday, November 1st. They issued a “sell (d-)” rating for the company. Benchmark restated a “buy” rating on shares of Klaviyo in a research report on Tuesday, November 4th. Finally, KeyCorp cut their price target on shares of Klaviyo from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Klaviyo presently has an average rating of “Moderate Buy” and a consensus price target of $41.05.

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.