On August 14, Klaviyo, Inc. fell 5.25% in regular trading, trading at $18.22/share, with turnover of $22.19 million.

On the news front, the application software sector came under broad selling pressure, with Workday down 5.02%, Strategy down 4.56%, Salesforce down 2.71%, and Palantir down 1.37%, creating a sector-wide pullback that dragged Klaviyo lower and erased gains from earlier in the session.

Earlier the same day, the stock had rallied over 5% on continued momentum from its Q2 earnings beat, in which the company reported revenue of $370.6 million, significantly exceeding the consensus estimate of $362.1 million, representing nearly 30% year-over-year growth. Adjusted EPS of $0.19 came in line with expectations. However, the sector reversal overwhelmed the positive fundamental backdrop, pushing the stock back to give up intraday gains.

Klaviyo, Inc. is a technology company focused on B2C customer relationship management, providing cross-channel personalized marketing and service solutions to over 193,000 businesses through its unified data platform.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)