Klaviyo (NYSE:KVYO) Shares Gap Down on Analyst Downgrade

06 Aug 2026, 15:10 by Michael Walen · The Markets Daily

Klaviyo, Inc. (NYSE:KVYO – Get Free Report) gapped down before the market opened on Thursday after Stifel Nicolaus lowered their price target on the stock from $24.00 to $22.00. The stock had previously closed at $19.30, but opened at $16.20. Stifel Nicolaus currently has a buy rating on the stock. Klaviyo shares last traded at $16.5950, with a volume of 1,250,686 shares trading hands.

Several other research firms also recently issued reports on KVYO. TD Cowen restated a “buy” rating on shares of Klaviyo in a report on Thursday. The Goldman Sachs Group set a $26.00 target price on shares of Klaviyo and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Wall Street Zen upgraded shares of Klaviyo from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. KeyCorp decreased their price objective on shares of Klaviyo from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Finally, Citigroup lifted their price objective on shares of Klaviyo from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $28.90.

View Our Latest Stock Report on KVYO

Insider Transactions at Klaviyo

In other Klaviyo news, CFO Amanda Whalen sold 14,000 shares of Klaviyo stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $13.23, for a total value of $185,220.00. Following the completion of the sale, the chief financial officer directly owned 852,192 shares in the company, valued at $11,274,500.16. The trade was a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Bialecki sold 212,529 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $14.61, for a total transaction of $3,105,048.69. Following the completion of the sale, the chief executive officer owned 212,529 shares of the company’s stock, valued at $3,105,048.69. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 649,863 shares of company stock valued at $9,521,105. 37.42% of the stock is owned by insiders.

Key Headlines Impacting Klaviyo

Here are the key news stories impacting Klaviyo this week:

Positive Sentiment: Revenue exceeded expectations: Klaviyo reported second-quarter revenue of $370.6 million, above the $362.1 million consensus estimate and up 26.4% year over year. Adjusted earnings of $0.19 per share matched expectations and improved from $0.16 a year earlier. Klaviyo second-quarter earnings report
Positive Sentiment: AI strategy gains momentum: Management highlighted adoption of its Composer and Customer Agent products, which support its autonomous B2C customer relationship management strategy. Klaviyo also agreed to acquire the team and technology of AI-powered customer-success startup Agency. The deal’s financial terms were not disclosed, and Agency co-founder Elias Torres is expected to become Klaviyo’s chief product officer. Klaviyo Agency acquisition announcement
Neutral Sentiment: Forward revenue outlook was broadly in line: Klaviyo guided for third-quarter revenue of $377 million to $381 million, compared with the $378.6 million consensus estimate. Full-year 2026 revenue guidance of approximately $1.5 billion was also consistent with analyst expectations. The company did not provide a specific EPS outlook in the available guidance. Klaviyo Q2 earnings estimates
Negative Sentiment: Analysts lowered price targets: Piper Sandler cut its target from $26 to $23 while maintaining an “overweight” rating. BTIG Research reduced its target from $30 to $25 but retained a “buy” rating. The cuts suggest analysts see less near-term upside, which is likely weighing on the stock despite their continued positive recommendations. Klaviyo analyst price-target revisions

Institutional Trading of Klaviyo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley grew its position in Klaviyo by 36.1% in the 4th quarter. Morgan Stanley now owns 14,547,090 shares of the company’s stock worth $472,344,000 after purchasing an additional 3,855,160 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Klaviyo by 12.3% in the fourth quarter. Vanguard Group Inc. now owns 14,361,540 shares of the company’s stock valued at $466,319,000 after buying an additional 1,573,812 shares during the period. Capital International Investors acquired a new stake in Klaviyo during the fourth quarter worth about $415,254,000. Alliancebernstein L.P. grew its position in Klaviyo by 10.1% during the second quarter. Alliancebernstein L.P. now owns 4,424,249 shares of the company’s stock worth $148,566,000 after buying an additional 404,969 shares in the last quarter. Finally, Sands Capital Alternatives LLC increased its stake in Klaviyo by 3.8% during the fourth quarter. Sands Capital Alternatives LLC now owns 3,649,678 shares of the company’s stock valued at $118,505,000 after acquiring an additional 134,613 shares during the period. Institutional investors and hedge funds own 45.43% of the company’s stock.

Klaviyo Price Performance

The firm has a 50 day moving average of $16.18 and a 200-day moving average of $17.99. The stock has a market capitalization of $4.91 billion, a P/E ratio of -408.95 and a beta of 0.54.

Klaviyo (NYSE:KVYO – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $370.58 million for the quarter, compared to analyst estimates of $362.08 million. Klaviyo had a positive return on equity of 4.16% and a negative net margin of 0.66%.Klaviyo’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 EPS. As a group, equities analysts expect that Klaviyo, Inc. will post 0.25 earnings per share for the current year.

Klaviyo Company Profile

(Get Free Report)

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.