Klaviyo’s chief legal officer Landon Edmond sells $313k in shares

Klaviyo , Inc. (NYSE:KVYO) Chief Legal Officer Landon Edmond reported selling 9,965 shares of Series A Common Stock on August 18 at prices ranging from $31.20 to $31.76, netting approximately $313,498. The transaction comes as the stock trades near $31.60, down roughly 29% over the past six months. According to InvestingPro analysis, Klaviyo currently maintains strong liquidity with a current ratio of 4.95.

According to a Form 4 filing with the Securities and Exchange Commission, Edmond also disposed of 24,695 shares to cover tax withholding obligations related to the vesting and settlement of restricted stock units, with a total value of $776,163 at a price of $31.43. The $9.43 billion market cap company has shown impressive revenue growth of 33% in the last twelve months.

On August 15 and 18, Edmond also converted a total of 22,500 shares of Series B Common Stock into Series A Common Stock. While currently not profitable, InvestingPro data shows analysts expect Klaviyo to achieve profitability this year, with 9 analysts recently revising earnings estimates upward. Get the full analysis and more exclusive insights with InvestingPro’s comprehensive research report.

In other recent news, Klaviyo Inc reported a 32% revenue growth for the second quarter, surpassing Wall Street’s expectations of 26%. Following these strong results, the company raised its fiscal year 2025 growth guidance to 27-28%, up by 200 basis points from earlier forecasts. Piper Sandler responded to the robust performance by raising its price target for Klaviyo to $55, highlighting the company’s significant year-over-year growth, particularly international growth at 42%. TD Cowen also increased its price target to $46, maintaining a Buy rating, while Benchmark set the same target, citing the company’s effective infrastructure leverage.

Separately, Summit Partners, a major shareholder, announced plans to sell 6.5 million shares of Klaviyo’s Series A common stock in an underwritten public offering. The offering includes a 30-day option for the underwriter, Barclays (LON:BARC), to purchase an additional 975,000 shares. Klaviyo will not receive any proceeds from this transaction. These developments reflect ongoing shifts in shareholder positions and analyst expectations for the company’s future performance.

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