This Fund Sold Out of Klaviyo Before a Brutal 32% Post-Earnings Drop

1 hour ago 3

Jonathan Ponciano, The Motley Fool

Sat, May 9, 2026 astatine 12:40 PM CDT 4 min read

On May 7, 2026, Glynn Capital Management disclosed successful a U.S. Securities and Exchange Commission (SEC) filing that it sold each 456,805 shares of Klaviyo (NYSE:KVYO) successful the archetypal quarter, an estimated $9.80 cardinal transaction based connected quarterly mean pricing.

What happened

According to an SEC filing dated May 7, 2026, Glynn Capital Management sold each 456,805 shares of Klaviyo during the archetypal quarter. The estimated transaction worth was $9.80 million, based connected the mean stock terms from January done March. The fund’s quarter-end presumption successful Klaviyo dropped to zero, with the worth diminution of $14.83 cardinal reflecting some the stock merchantability and banal terms movement.

What other to cognize

Glynn Capital Management LLC sold retired of Klaviyo successful the quarter, leaving the presumption astatine zero and removing it from reportable 13F assets (n/a % of AUM post-trade)
Top holdings aft the filing:
- NYSE: OSCR: $29.7 million
- NYSE: TSM: $21.1 million
- NYSE: VRT: $17.9 million
- NYSE: NU: $12.9 million
- NYSE: TOST: $11.4 million
As of May 7, 2026, shares of Klaviyo were priced astatine $15.77, down 53% implicit the past twelvemonth and good underperforming the S&P 500’s astir 30% summation successful the aforesaid period.

Company overview

Metric

Value

Revenue (TTM)	$1.23 billion
Net income (TTM)	($31.8 million)
Market capitalization	$4.77 billion
Price (as of marketplace adjacent May 7, 2026)	$15.77

Company snapshot

Klaviyo offers a cloud-based selling automation platform, including email, SMS, mobile propulsion notifications, merchandise reviews, and a lawsuit information platform.
The steadfast generates gross chiefly done subscription-based software-as-a-service (SaaS) offerings, enabling businesses to personalize and automate lawsuit communications astatine scale.
It serves individuals, tiny and medium-sized enterprises, and companies crossed North America, Western Europe, Canada, the United Kingdom, Australia, and New Zealand.

Klaviyo, Inc. provides a scalable SaaS level focused connected selling automation and lawsuit information absorption for businesses seeking to optimize integer engagement. The company's strategy centers connected enabling personalized, data-driven communications crossed aggregate channels, supporting lawsuit acquisition and retention. Klaviyo's competitory borderline lies successful its integrated merchandise suite and its quality to service a wide scope of clients, from tiny enterprises to larger organizations, crossed respective large planetary markets.

What this transaction means for investors

Glynn exited the presumption earlier Klaviyo’s latest net report, and successful hindsight, the timing looks beauteous crisp fixed the stock’s brutal 32% illness aft results connected May 5, contempt what were beardown numbers.

Revenue jumped 28% twelvemonth implicit twelvemonth to $358 million, portion non-GAAP operating income astir doubled to $58.6 million. The institution besides raised full-year gross guidance to arsenic overmuch arsenic $1.522 cardinal and expanded its stock repurchase programme with a $500 cardinal authorization. Customer maturation remained steadfast too, with full customers surpassing 196,000 and larger accounts generating much than $50,000 successful ARR climbing 38%.

The occupation appears little astir execution and much astir valuation unit and slowing expectations crossed software. Investors were apt hoping for adjacent faster AI monetization, particularly aft absorption heavy emphasized its “autonomous” level strategy, and it seems same-quarter gross projections failed to impressment investors. Plus, the CFO’s determination to measurement down lone adds to uncertainty.

For semipermanent investors, the selloff whitethorn make a much absorbing setup than existed a fewer months ago. Klaviyo inactive has astir $985 cardinal successful cash, improving margins, and beardown retention metrics. But the stock’s absorption is besides a reminder that successful software, bully results are not ever capable erstwhile expectations get excessively acold up of fundamentals.

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