Klaviyo (KVYO) traded lower Tuesday as the market continued to reprice high-growth software names and investors digested the post-earnings analyst reset that has included multiple price-target reductions even alongside better-than-expected results and FY2026 guidance above prior estimates. In recent weeks, at least one major firm lowered its target while maintaining a positive rating, reinforcing the narrative that the debate has shifted from “growth durability” to “what multiple the market will pay” in 2026. (investing.com)

Sentiment has also been sensitive to perceived share-supply overhang. Klaviyo has previously disclosed sizable selling transactions by holders via registered offerings, and more recently the co-CEO reported notable open-market sales in late February and early March, which can amplify downside moves on weak tape even if fundamentals are steady. (stocktitan.net)

The pullback comes after Klaviyo highlighted strong momentum entering 2026 and raised its full-year outlook in its latest earnings communications, while also announcing a $500 million share repurchase authorization including a $100 million accelerated program. The market reaction suggests investors are balancing improving profitability/capital return against slowing growth expectations versus prior years and a tougher valuation backdrop for SaaS. (s203.q4cdn.com)