Bank of America Corp DE Buys 793,613 Shares of Klaviyo, Inc. $KVYO

Key Points

• Bank of America increased its Klaviyo stake by 88.9% in the first quarter, acquiring 793,613 additional shares and bringing its holdings to 1.69 million shares worth approximately $32.8 million. Institutional investors collectively own 45.43% of Klaviyo.
• Klaviyo reported quarterly revenue of $370.58 million, up 26.4% year over year and above analyst expectations, while adjusted earnings of $0.19 per share matched consensus estimates.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and a $27.14 price target versus the stock’s reported $18.46 price. However, insiders sold 5.44 million shares worth about $94.9 million over the last quarter.

Bank of America Corp DE boosted its stake in Klaviyo, Inc. (NYSE:KVYO - Free Report) by 88.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,686,770 shares of the company's stock after acquiring an additional 793,613 shares during the period. Bank of America Corp DE owned 0.56% of Klaviyo worth $32,825,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital International Investors acquired a new stake in shares of Klaviyo during the fourth quarter worth $415,254,000. Morgan Stanley lifted its holdings in Klaviyo by 36.1% in the fourth quarter. Morgan Stanley now owns 14,547,090 shares of the company's stock valued at $472,344,000 after buying an additional 3,855,160 shares during the period. Fuller & Thaler Asset Management Inc. bought a new stake in Klaviyo during the fourth quarter valued at $92,675,000. JPMorgan Chase & Co. boosted its position in Klaviyo by 86.8% during the fourth quarter. JPMorgan Chase & Co. now owns 3,564,743 shares of the company's stock valued at $115,747,000 after acquiring an additional 1,656,912 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Klaviyo by 12.3% during the 4th quarter. Vanguard Group Inc. now owns 14,361,540 shares of the company's stock worth $466,319,000 after acquiring an additional 1,573,812 shares during the period. Institutional investors and hedge funds own 45.43% of the company's stock.

Klaviyo Stock Performance

KVYO stock opened at $18.46 on Friday. The stock's 50 day simple moving average is $16.42 and its 200 day simple moving average is $17.69. Klaviyo, Inc. has a fifty-two week low of $12.53 and a fifty-two week high of $36.22. The company has a market cap of $5.26 billion, a P/E ratio of 923.41 and a beta of 0.54.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Klaviyo had a return on equity of 5.67% and a net margin of 0.49%.The business had revenue of $370.58 million for the quarter, compared to analyst estimates of $362.08 million. During the same quarter in the prior year, the company earned $0.16 earnings per share. The company's quarterly revenue was up 26.4% on a year-over-year basis. Equities analysts predict that Klaviyo, Inc. will post 0.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on KVYO shares. Scotiabank set a $32.00 price objective on Klaviyo in a research report on Wednesday, June 17th. Stephens raised their target price on Klaviyo from $24.00 to $25.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Canaccord Genuity Group lowered their target price on Klaviyo from $32.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, August 6th. TD Cowen lowered their target price on Klaviyo from $27.00 to $26.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Finally, Stifel Nicolaus dropped their price target on Klaviyo from $24.00 to $22.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Klaviyo has a consensus rating of "Moderate Buy" and a consensus price target of $27.14.

Insider Buying and Selling

In related news, CEO Andrew Bialecki sold 212,529 shares of Klaviyo stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $14.61, for a total transaction of $3,105,048.69. Following the transaction, the chief executive officer owned 212,529 shares of the company's stock, valued at $3,105,048.69. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amanda Whalen sold 14,000 shares of the company's stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $13.23, for a total value of $185,220.00. Following the sale, the chief financial officer owned 852,192 shares of the company's stock, valued at $11,274,500.16. This trade represents a 1.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 5,435,863 shares of company stock valued at $94,949,465. Company insiders own 37.42% of the company's stock.

About Klaviyo

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.

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