Klaviyo, Inc. $KVYO Holdings Cut by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its stake in Klaviyo, Inc. (NYSE:KVYO) by 7.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,640,844 shares of the company’s stock after selling 122,900 shares during the period. Renaissance Technologies LLC’s holdings in Klaviyo were worth $31,931,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its position in shares of Klaviyo by 1,650.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company’s stock worth $27,000 after purchasing an additional 908 shares during the period. Quarry LP bought a new stake in shares of Klaviyo in the 3rd quarter worth approximately $44,000. Osaic Holdings Inc. boosted its position in Klaviyo by 317.0% during the 2nd 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. Rockefeller Capital Management L.P. boosted its position in Klaviyo by 2,641.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,207 shares of the company’s stock valued at $104,000 after purchasing an additional 3,090 shares during the period. Finally, Dara Capital US Inc. bought a new position in Klaviyo during the 4th quarter worth $112,000. 45.43% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Ledger Susan St. sold 9,334 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $14.27, for a total value of $133,196.18. Following the completion of the transaction, the director directly owned 10,939 shares in the company, valued at $156,099.53. This trade represents a 46.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 that occurred on Thursday, June 18th. The shares were sold at an average price of $13.23, for a total transaction of $185,220.00. Following the transaction, the chief financial officer owned 852,192 shares in the company, valued at $11,274,500.16. This represents a 1.62% decrease in their position. 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 649,863 shares of company stock worth $9,521,105 over the last three months. Corporate insiders own 37.42% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Barclays dropped their target price on Klaviyo from $31.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Wall Street Zen upgraded shares of Klaviyo from a “hold” rating to a “buy” rating in a research report on Saturday. Jefferies Financial Group set a $25.00 price objective on shares of Klaviyo in a report on Saturday, May 9th. Benchmark cut their price objective on shares of Klaviyo from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company reduced their target price on shares of Klaviyo from $30.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $30.95.

Klaviyo Stock Up 6.7%

Shares of KVYO opened at $18.91 on Wednesday. The firm has a 50-day moving average price of $15.70 and a 200 day moving average price of $18.36. The firm has a market capitalization of $5.66 billion, a PE ratio of -472.63 and a beta of 0.63. Klaviyo, Inc. has a 52-week low of $12.53 and a 52-week high of $36.76.

Klaviyo (NYSE:KVYO) last released its earnings results on Tuesday, May 5th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. Klaviyo had a negative net margin of 0.66% and a positive return on equity of 4.16%. The firm had revenue of $358.01 million for the quarter, compared to analysts’ expectations of $348.57 million. During the same quarter last year, the company earned $0.14 EPS. Klaviyo’s quarterly revenue was up 27.9% on a year-over-year basis. On average, equities analysts expect that Klaviyo, Inc. will post 0.25 EPS for the current year.

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.