Huntington National Bank Has $5.41 Million Stake in Klaviyo, Inc. $KVYO

Huntington National Bank raised its position in shares of Klaviyo, Inc. (NYSE:KVYO) by 117.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 166,501 shares of the company’s stock after acquiring an additional 89,800 shares during the period. Huntington National Bank’s holdings in Klaviyo were worth $5,406,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Klaviyo by 12.3% during the fourth quarter. Vanguard Group Inc. now owns 14,361,540 shares of the company’s stock worth $466,319,000 after buying an additional 1,573,812 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Klaviyo by 8.6% during the third quarter. Alliancebernstein L.P. now owns 4,806,677 shares of the company’s stock worth $133,097,000 after buying an additional 382,428 shares in the last quarter. Greenoaks Capital Partners LLC increased its holdings in shares of Klaviyo by 1.2% during the second quarter. Greenoaks Capital Partners LLC now owns 2,345,580 shares of the company’s stock worth $78,765,000 after buying an additional 28,784 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Klaviyo by 12.7% during the third quarter. JPMorgan Chase & Co. now owns 1,907,831 shares of the company’s stock worth $52,828,000 after buying an additional 214,977 shares in the last quarter. Finally, 12 West Capital Management LP increased its holdings in shares of Klaviyo by 40.0% during the third quarter. 12 West Capital Management LP now owns 1,838,000 shares of the company’s stock worth $50,894,000 after buying an additional 525,000 shares in the last quarter. Institutional investors and hedge funds own 45.43% of the company’s stock.

Insider Activity at Klaviyo

In other news, CEO Andrew Bialecki sold 212,529 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $14.61, for a total transaction of $3,105,048.69. Following the sale, the chief executive officer directly owned 212,529 shares of the company’s stock, valued at $3,105,048.69. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ledger Susan St. sold 9,334 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $14.27, for a total transaction of $133,196.18. Following the sale, the director directly owned 10,939 shares in the company, valued at $156,099.53. This trade represents a 46.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,909,772 shares of company stock valued at $33,184,042 over the last three months. 37.42% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on KVYO. Canaccord Genuity Group set a $32.00 price objective on shares of Klaviyo in a report on Wednesday, February 11th. Stephens dropped their price objective on shares of Klaviyo from $43.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. Morgan Stanley set a $34.00 price objective on shares of Klaviyo in a report on Wednesday, April 29th. Weiss Ratings reissued a “sell (e+)” rating on shares of Klaviyo in a research note on Wednesday, May 20th. Finally, Zacks Research cut shares of Klaviyo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. Eighteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Klaviyo currently has an average rating of “Moderate Buy” and a consensus target price of $31.40.

Klaviyo Price Performance

KVYO opened at $14.72 on Friday. Klaviyo, Inc. has a one year low of $13.53 and a one year high of $36.76. The company’s 50 day simple moving average is $17.58 and its 200-day simple moving average is $22.57. The stock has a market capitalization of $4.40 billion, a P/E ratio of -367.83 and a beta of 0.79.

Klaviyo (NYSE:KVYO) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. Klaviyo had a negative net margin of 0.66% and a positive return on equity of 4.16%. The business had revenue of $358.01 million for the quarter, compared to analysts’ expectations of $348.57 million. During the same period in the prior year, the firm earned $0.14 earnings per share. Klaviyo’s revenue was up 27.9% compared to the same quarter last year. As a group, analysts anticipate that Klaviyo, Inc. will post 0.25 EPS for the current year.

Klaviyo Company Profile

Klaviyo, Inc is a cloud-based marketing automation platform that enables businesses to leverage customer data for targeted email and SMS campaigns. The company’s platform centralizes first-party data from various sources—including e-commerce storefronts, websites, and CRM systems—to help organizations deliver personalized marketing across the customer lifecycle. Klaviyo’s core offerings include segmented email marketing, automated messaging workflows, and performance analytics designed to drive customer engagement and revenue growth.

The platform provides a suite of tools for campaign creation and management, including drag-and-drop email and SMS builders, dynamic content rendering, and A/B testing capabilities.