On August 27, Klaviyo, Inc. rose 5.17% in regular trading, trading at $18.83/share, with turnover of $8.0754 million. The gain came amid a broad rally across the Application Software sector, with Salesforce surging 18.27%, Synopsys up 7.76%, Circle Internet Corp. up 4.96%, Strategy up 4.57%, and Palantir Technologies up 4.01%.

The positive momentum follows Klaviyo's strong Q2 results reported earlier this month, in which revenue reached $370.576 million, beating the analyst consensus estimate of $362.11 million, while adjusted EPS of $0.19 came in line with expectations. Additionally, the company announced a $500 million share buyback program in March, including a $100 million accelerated repurchase component, signaling management confidence in the company's intrinsic value and commitment to shareholder returns.

(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.)