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Yahoo
5 days ago
- Business
- Yahoo
Klaviyo (KVYO) Slid Despite Strong Earnings
Sands Capital, an investment management company, released its 'Sands Capital Technology Innovators Fund' Q1 2025 investor letter. A copy of the letter can be downloaded here. Technology Innovators focus on pioneering businesses worldwide that serve as key drivers or beneficiaries of significant long-term changes driven by technology. The fund returned -10.4% (net) in the first quarter compared to a 9.4% return for the benchmark, MSCI ACWI Info Tech and Communication Services Index. The choice of securities in the software sector was the primary factor negatively impacting relative performance. You can check the fund's top 5 holdings to know more about its best picks for 2025. In its first-quarter 2025 investor letter, Sands Capital Technology Innovators Fund highlighted stocks such as Klaviyo, Inc. (NYSE:KVYO). Headquartered in Boston, Massachusetts, Klaviyo, Inc. (NYSE:KVYO) is a technology company. The one-month return of Klaviyo, Inc. (NYSE:KVYO) was 6.72%, and its shares have appreciated by 48.04% over the past 52 weeks. On May 28, 2025, Klaviyo, Inc. (NYSE:KVYO) closed at $33.65 per share, with a market capitalization of $10.008 billion. Sands Capital Technology Innovators Fund stated the following regarding Klaviyo, Inc. (NYSE:KVYO) in its Q1 2025 investor letter: "Klaviyo, Inc. (NYSE:KVYO) is an innovative provider of business-to-consumer (B2C) marketing technology. The business reported a strong 2024 fourth quarter result, with key metrics exceeding both consensus and our expectations. While shares declined—due to high pre-earnings expectations, a slightly softer guide, and the broader tech selloff—we view the business as executing well. Management continues to improve communication and operational delivery, with strong momentum across upmarket adoption, international expansion, and product innovation. The standout announcement was the launch of a full CRM platform that integrates marketing, customer service, and analytics. This shift positions Klaviyo as a true platform business for B2C brands, in our view, and expands its AI opportunity." SFIO CRACHO/ Klaviyo, Inc. (NYSE:KVYO) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 36 hedge fund portfolios held Klaviyo, Inc. (NYSE:KVYO) at the end of the first quarter, which was 30 in the previous quarter. Klaviyo, Inc. (NYSE:KVYO) reported Q1 revenue of $280 million, representing 33% year-over-year growth. While we acknowledge the potential of Klaviyo, Inc. (NYSE:KVYO) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Klaviyo, Inc. (NYSE:KVYO) and shared the list of most promising new technology stocks according to analysts. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Here's Sands Capital Technology Innovators Fund's Select Engagement Report on Roblox (RBLX)
Sands Capital, an investment management company, released its 'Sands Capital Technology Innovators Fund' Q1 2025 investor letter. A copy of the letter can be downloaded here. Technology Innovators focus on pioneering businesses worldwide that serve as key drivers or beneficiaries of significant long-term changes driven by technology. The fund returned -10.4% (net) in the first quarter compared to a 9.4% return for the benchmark, MSCI ACWI Info Tech and Communication Services Index. The choice of securities in the software sector was the primary factor negatively impacting relative performance. You can check the fund's top 5 holdings to know more about its best picks for 2025. In its first-quarter 2025 investor letter, Sands Capital Technology Innovators Fund highlighted stocks such as Roblox Corporation (NYSE:RBLX). Roblox Corporation (NYSE:RBLX) develops and operates an immersive platform for connection and communication. The one-month return of Roblox Corporation (NYSE:RBLX) was 22.67%, and its shares have appreciated by 155.32% over the past 52 weeks. On May 28, 2025, Roblox Corporation (NYSE:RBLX) closed at $84.64 per share, with a market capitalization of $57.41 billion. Sands Capital Technology Innovators Fund stated the following regarding Roblox Corporation (NYSE:RBLX) in its Q1 2025 investor letter: "Business: Roblox Corporation (NYSE:RBLX) is a leading gaming development and distribution platform. Key issues: Product safety and impact and health and safety. A person taking lessons through Roblox Education, expanding their knowledge and skills. Roblox Corporation (NYSE:RBLX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 68 hedge fund portfolios held Roblox Corporation (NYSE:RBLX) at the end of the first quarter, which was 61 in the previous quarter. In Q1 2025, Roblox Corporation (NYSE:RBLX) reported revenue of $1.035 billion, that was up 29% year-on-year. While we acknowledge the potential of Roblox Corporation (NYSE:RBLX) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Roblox Corporation (NYSE:RBLX) and shared billionaire Mason Morfit's stock picks with highest upside potential. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
5 days ago
- Automotive
- Yahoo
What Makes Carvana Co. (CVNA) an Investment Bet?
Sands Capital, an investment management company, released its 'Sands Capital Technology Innovators Fund' Q1 2025 investor letter. A copy of the letter can be downloaded here. Technology Innovators focus on pioneering businesses worldwide that serve as key drivers or beneficiaries of significant long-term changes driven by technology. The fund returned -10.4% (net) in the first quarter compared to a 9.4% return for the benchmark, MSCI ACWI Info Tech and Communication Services Index. The choice of securities in the software sector was the primary factor negatively impacting relative performance. You can check the fund's top 5 holdings to know more about its best picks for 2025. In its first-quarter 2025 investor letter, Sands Capital Technology Innovators Fund highlighted stocks such as Carvana Co. (NYSE:CVNA). Headquartered in Tempe, Arizona, Carvana Co. (NYSE:CVNA) is an e-commerce platform for buying and selling used cars. The one-month return of Carvana Co. (NYSE:CVNA) was 27.17%, and its shares gained 212.83% of their value over the last 52 weeks. On May 28, 2025, Carvana Co. (NYSE:CVNA) stock closed at $320.31 per share with a market capitalization of $37.459 billion. Sands Capital Technology Innovators Fund stated the following regarding Carvana Co. (NYSE:CVNA) in its Q1 2025 investor letter: "Carvana Co. (NYSE:CVNA) is the world's largest ecommerce car retailer by revenue. The business seeks to transform the used car industry, which is massive, fragmented, and characterized by a complicated customer experience. Used cars are one of the largest consumer verticals—with over $1 trillion in annual sales—but only a low single-digit percentage of vehicles is purchased online today. It's also a highly fragmented industry, with the current market leader accounting for a roughly 2 percent share. The buying process is often emotional, cumbersome, and anxiety-inducing, which is worsened by low trust in traditional salespeople. Carvana seeks to improve this process through its vertically integrated platform, which provides a radically different experience through convenience, transparency, and competitive prices. Nationwide scale and verticalization also result in attractive unit economics, which we believe will drive strong margin expansion over our investment time horizon. Ultimately, we expect Carvana—by providing a service that is faster, better, and cheaper than brick-and-mortar car dealerships—to consolidate a significant portion of used car sales moving forward as more transactions shift online." A customer buying a used car with the help of a finance specialist. Carvana Co. (NYSE:CVNA) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 90 hedge fund portfolios held Carvana Co. (NYSE:CVNA) at the end of the Q1 2025, compared to 84 in Q4 2024. Carvana Co. (NYSE:CVNA) reported revenue of $4.232 billion in Q1 2025, up 38% from Q1 2024. While we acknowledge the potential of Carvana Co. (NYSE:CVNA) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Carvana Co. (NYSE:CVNA) and shared Optimist Fund's views on the company. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
5 days ago
- Business
- Yahoo
Here's Sands Capital Technology Innovators Fund's Select Engagement Report on Roblox (RBLX)
Sands Capital, an investment management company, released its 'Sands Capital Technology Innovators Fund' Q1 2025 investor letter. A copy of the letter can be downloaded here. Technology Innovators focus on pioneering businesses worldwide that serve as key drivers or beneficiaries of significant long-term changes driven by technology. The fund returned -10.4% (net) in the first quarter compared to a 9.4% return for the benchmark, MSCI ACWI Info Tech and Communication Services Index. The choice of securities in the software sector was the primary factor negatively impacting relative performance. You can check the fund's top 5 holdings to know more about its best picks for 2025. In its first-quarter 2025 investor letter, Sands Capital Technology Innovators Fund highlighted stocks such as Roblox Corporation (NYSE:RBLX). Roblox Corporation (NYSE:RBLX) develops and operates an immersive platform for connection and communication. The one-month return of Roblox Corporation (NYSE:RBLX) was 22.67%, and its shares have appreciated by 155.32% over the past 52 weeks. On May 28, 2025, Roblox Corporation (NYSE:RBLX) closed at $84.64 per share, with a market capitalization of $57.41 billion. Sands Capital Technology Innovators Fund stated the following regarding Roblox Corporation (NYSE:RBLX) in its Q1 2025 investor letter: "Business: Roblox Corporation (NYSE:RBLX) is a leading gaming development and distribution platform. Key issues: Product safety and impact and health and safety. A person taking lessons through Roblox Education, expanding their knowledge and skills. Roblox Corporation (NYSE:RBLX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 68 hedge fund portfolios held Roblox Corporation (NYSE:RBLX) at the end of the first quarter, which was 61 in the previous quarter. In Q1 2025, Roblox Corporation (NYSE:RBLX) reported revenue of $1.035 billion, that was up 29% year-on-year. While we acknowledge the potential of Roblox Corporation (NYSE:RBLX) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Roblox Corporation (NYSE:RBLX) and shared billionaire Mason Morfit's stock picks with highest upside potential. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Sands Capital Technology Innovators Fund Added AppLovin (APP) on a Dip
Sands Capital, an investment management company, released its 'Sands Capital Technology Innovators Fund' Q1 2025 investor letter. A copy of the letter can be downloaded here. Technology Innovators focus on pioneering businesses worldwide that serve as key drivers or beneficiaries of significant long-term changes driven by technology. The fund returned -10.4% (net) in the first quarter compared to a 9.4% return for the benchmark, MSCI ACWI Info Tech and Communication Services Index. The choice of securities in the software sector was the primary factor negatively impacting relative performance. You can check the fund's top 5 holdings to know more about its best picks for 2025. In its first-quarter 2025 investor letter, Sands Capital Technology Innovators Fund highlighted stocks such as AppLovin Corporation (NASDAQ:APP). AppLovin Corporation (NASDAQ:APP) develops a software-based platform for advertisers to enhance the marketing and monetization of their content. The one-month return of AppLovin Corporation (NASDAQ:APP) was 41.44%, and its shares gained 354.06% of their value over the last 52 weeks. On May 27, 2025, the stock of AppLovin Corporation (NASDAQ:APP) closed at $380.91 per share, with a market capitalization of $128.895 billion. Sands Capital Technology Innovators Fund stated the following regarding AppLovin Corporation (NASDAQ:APP) in its Q1 2025 investor letter: "AppLovin Corporation (NASDAQ:APP) is one of the leading providers of advertising solutions for mobile game developers. Its stock price decline stemmed from a broader selloff in high-beta stocks, exacerbated by multiple short reports. These reports allege app-install manipulation and improper data attribution—claims we view as largely unfounded. AppLovin's revenue is tied to purchases, not clicks, and its customers use sophisticated attribution tools. Given the opaque nature of ad tech, we took added precautions in our due diligence, consulting ad fraud experts and a forensic accountant. We see no new concerns that alter our conviction and believe the selloff has improved the long-term risk-reward in our favor. A close-up of a mobile device, showing an advertiser reaching out to a consumer via a software-based platform. AppLovin Corporation (NASDAQ:APP) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 96 hedge fund portfolios held AppLovin Corporation (NASDAQ:APP) at the end of the first quarter, which was 95 in the previous quarter. AppLovin Corporation's (NASDAQ:APP) total revenue surged 40% from Q1 2024 to $1.5 billion. While we acknowledge the potential of AppLovin Corporation (NASDAQ:APP) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered AppLovin Corporation (NASDAQ:APP) and shared the list of best technology stocks to buy for long-term investment. Carillon Eagle Mid Cap Growth Fund also analyzed AppLovin Corporation (NASDAQ:APP) in its Q1 2025 investor letter and attributed its decline during the quarter to the same factors. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
