Klaviyo shares fall 15% as Q2 outlook and CFO transition overshadow strong Q1 results

Klaviyo, Inc. (KVYO) is down 15.1% today. Here is some analysis on what might have caused this price movement.

Analysis: Klaviyo posted strong Q1 results and raised full-year guidance, but the stock appears to be selling off on a “good news isn’t good enough” reaction tied to decelerating near-term growth implied by Q2 guidance and a leadership headline around its planned CFO transition. The Q2 outlook also points to lower operating margin than the just-reported quarter, which can pressure sentiment for a premium-valued software name.

Details:

Klaviyo reported Q1 revenue of $358.0 million (+28% year over year) and non-GAAP operating income of $58.6 million (about a 16% non-GAAP operating margin).

The company guided Q2 revenue to $359–$363 million (about 23%–24% year-over-year growth), which implies relatively flat sequential growth from Q1 and a slower growth rate than the prior quarter’s 28%.

Q2 non-GAAP operating margin guidance of 13%–14% implies a step-down versus Q1, suggesting higher near-term investment or seasonal expense dynamics.

Klaviyo announced CFO Amanda Whalen plans to step down (remaining CFO through August 21, 2026, then advising through November 16, 2026), adding uncertainty that can amplify post-earnings volatility.

Sources:

SEC (EDGAR), Klaviyo Investor Relations, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$KVYO Insider Trading Activity

$KVYO insiders have traded $KVYO stock on the open market 69 times in the past 6 months. Of those trades, 1 have been purchases and 68 have been sales.

Here’s a breakdown of recent trading of $KVYO stock by insiders over the last 6 months:

ANDREW BIALECKI (Co-Chief Executive Officer) has made 0 purchases and 35 sales selling 3,370,288 shares for an estimated $79,609,371.
ED HALLEN has made 0 purchases and 8 sales selling 180,610 shares for an estimated $5,463,671.
AMANDA WHALEN (Chief Financial Officer) has made 0 purchases and 11 sales selling 85,000 shares for an estimated $2,028,016.
LANDON EDMOND (Chief Legal Officer) has made 0 purchases and 9 sales selling 77,666 shares for an estimated $1,886,976.
STEPHEN ERIC ROWLAND (President) has made 0 purchases and 3 sales selling 14,208 shares for an estimated $403,796.
CARMEL GALVIN (Chief People Officer) has made 0 purchases and 2 sales selling 11,156 shares for an estimated $306,924.
JENNIFER CERAN purchased 16,339 shares for an estimated $300,310

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

$KVYO Hedge Fund Activity

We have seen 149 institutional investors add shares of $KVYO stock to their portfolio, and 157 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL INTERNATIONAL INVESTORS added 12,788,846 shares (+inf%) to their portfolio in Q4 2025, for an estimated $415,253,829
POINT72 ASSET MANAGEMENT, L.P. removed 4,358,376 shares (-83.3%) from their portfolio in Q4 2025, for an estimated $141,516,468
MORGAN STANLEY added 3,855,160 shares (+36.1%) to their portfolio in Q4 2025, for an estimated $125,177,045
FULLER & THALER ASSET MANAGEMENT, INC. added 2,854,163 shares (+inf%) to their portfolio in Q4 2025, for an estimated $92,674,672
CITADEL ADVISORS LLC removed 2,676,729 shares (-89.4%) from their portfolio in Q4 2025, for an estimated $86,913,390
JPMORGAN CHASE & CO added 1,656,912 shares (+86.8%) to their portfolio in Q4 2025, for an estimated $53,799,932
VANGUARD GROUP INC added 1,573,812 shares (+12.3%) to their portfolio in Q4 2025, for an estimated $51,101,675

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$KVYO Analyst Ratings

Wall Street analysts have issued reports on $KVYO in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Piper Sandler issued a "Overweight" rating on 02/11/2026
BTIG issued a "Buy" rating on 02/11/2026
Needham issued a "Buy" rating on 02/11/2026
Jefferies issued a "Buy" rating on 02/11/2026
Morgan Stanley issued a "Overweight" rating on 01/15/2026
Goldman Sachs issued a "Buy" rating on 11/07/2025

To track analyst ratings and price targets for $KVYO, check out Quiver Quantitative's $KVYO forecast page.

$KVYO Price Targets

Multiple analysts have issued price targets for $KVYO recently. We have seen 17 analysts offer price targets for $KVYO in the last 6 months, with a median target of $30.0.

Here are some recent targets:

Tyler Radke from Citigroup set a target price of $29.0 on 04/28/2026
Matthew Vanvliet from Cantor Fitzgerald set a target price of $28.0 on 04/15/2026
Steve Koenig from Macquarie set a target price of $24.0 on 02/12/2026
Jordan Boretz from Jefferies set a target price of $29.0 on 02/11/2026
Mark Zgutowicz from Benchmark set a target price of $33.0 on 02/11/2026
Terry Tillman from Truist Securities set a target price of $35.0 on 02/11/2026
Parker Lane from Stifel set a target price of $35.0 on 02/11/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.