Victory Capital Management Inc. Has $12.02 Million Holdings in Klaviyo, Inc. $KVYO

Victory Capital Management Inc. lifted its holdings in shares of Klaviyo, Inc. (NYSE:KVYO) by 17.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 433,950 shares of the company’s stock after purchasing an additional 64,093 shares during the period. Victory Capital Management Inc. owned 0.14% of Klaviyo worth $12,016,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. bought a new stake in shares of Klaviyo during the second quarter worth $37,000. Osaic Holdings Inc. raised its holdings in Klaviyo by 317.0% in the second quarter. Osaic Holdings Inc. now owns 1,689 shares of the company’s stock worth $55,000 after purchasing an additional 1,284 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in Klaviyo during the 2nd quarter worth $89,000. Lazard Asset Management LLC acquired a new stake in shares of Klaviyo during the second quarter worth about $124,000. Finally, SBI Securities Co. Ltd. lifted its stake in Klaviyo by 466.5% in the third quarter. SBI Securities Co. Ltd. now owns 4,906 shares of the company’s stock valued at $136,000 after buying an additional 4,040 shares in the last quarter. Institutional investors and hedge funds own 45.43% of the company’s stock.

Insider Activity

In other news, CFO Amanda Whalen sold 14,000 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $25.83, for a total transaction of $361,620.00. Following the sale, the chief financial officer directly owned 442,219 shares of the company’s stock, valued at approximately $11,422,516.77. This represents a 3.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Bialecki sold 200,000 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $18.64, for a total value of $3,728,000.00. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,549,286 shares of company stock worth $39,371,763. 49.92% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Mizuho set a $37.00 price objective on Klaviyo in a research report on Wednesday, February 11th. Cantor Fitzgerald decreased their price objective on Klaviyo from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. Piper Sandler reaffirmed an “overweight” rating and set a $30.00 price target on shares of Klaviyo in a research report on Wednesday, February 11th. TD Cowen restated a “buy” rating on shares of Klaviyo in a research note on Wednesday, February 11th. Finally, Benchmark decreased their target price on Klaviyo from $46.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, February 9th. Nineteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Klaviyo presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.24.

Klaviyo Stock Down 1.2%

Shares of Klaviyo stock opened at $19.86 on Thursday. The stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of -165.51 and a beta of 1.28. Klaviyo, Inc. has a twelve month low of $15.53 and a twelve month high of $37.79. The company has a 50-day simple moving average of $22.37 and a two-hundred day simple moving average of $26.89.

Klaviyo (NYSE:KVYO) last announced its earnings results on Tuesday, February 10th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $350.20 million for the quarter, compared to analyst estimates 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 revenue was up 29.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 EPS. On average, sell-side analysts anticipate that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

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.