Klaviyo (NYSE:KVYO) Announces Quarterly Earnings Results

Klaviyo (NYSE:KVYO) released its quarterly earnings data on Wednesday. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.12), Zacks reports. The business had revenue of $270.16 million during the quarter, compared to analysts’ expectations of $257.24 million. Klaviyo had a positive return on equity of 0.86% and a negative net margin of 5.23%. Klaviyo updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Klaviyo Price Performance

NYSE:KVYO traded down $5.95 during midday trading on Thursday, reaching $41.06. 739,821 shares of the company traded hands, compared to its average volume of 1,123,588. Klaviyo has a twelve month low of $21.26 and a twelve month high of $49.55. The firm has a market capitalization of $11.07 billion, a price-to-earnings ratio of -229.51 and a beta of 0.60. The company has a fifty day moving average price of $43.56 and a 200 day moving average price of $37.75.

Analyst Ratings Changes

Several analysts have weighed in on the company. Benchmark upped their target price on Klaviyo from $40.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday. William Blair reaffirmed an “outperform” rating on shares of Klaviyo in a research note on Thursday, December 19th. Macquarie reiterated a “neutral” rating and set a $36.00 target price on shares of Klaviyo in a research report on Friday, November 8th. Canaccord Genuity Group raised their price objective on Klaviyo from $32.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company dropped their target price on Klaviyo from $48.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $46.06.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, insider Landon Edmond sold 40,000 shares of Klaviyo stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $41.80, for a total transaction of $1,672,000.00. Following the sale, the insider now owns 298,607 shares of the company’s stock, valued at $12,481,772.60. The trade was a 11.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Amanda Whalen sold 23,950 shares of Klaviyo stock in a transaction on Friday, December 6th. The shares were sold at an average price of $40.04, for a total value of $958,958.00. Following the sale, the chief financial officer now directly owns 395,616 shares in the company, valued at $15,840,464.64. The trade was a 5.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 114,536 shares of company stock valued at $4,720,953 in the last quarter. Corporate insiders own 53.24% of the company’s stock.

Klaviyo Company Profile

Klaviyo, Inc, a technology company, provides a software-as-a-service platform in the United States, other Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers Klaviyo, a cloud-native platform for data store, segmentation engine, campaigns and flows, and messaging infrastructure.