Bank of New York Mellon Corp Takes $8.66 Million Position in Klaviyo, Inc. $KVYO

Key Points

• Bank of New York Mellon acquired 573,727 Klaviyo shares worth approximately $8.66 million, representing about 0.19% of the company. 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 estimates.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $27.14 versus the stock’s reported $19.39 price; however, insiders sold more than 5.18 million shares worth $92.25 million over the past 90 days.

Bank of New York Mellon Corp acquired a new stake in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 573,727 shares of the company's stock, valued at approximately $8,663,000. Bank of New York Mellon Corp owned approximately 0.19% of Klaviyo as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital International Investors acquired a new stake in shares of Klaviyo during the fourth quarter valued at about $415,254,000. Morgan Stanley raised its holdings in Klaviyo by 36.1% in the 4th 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 last quarter. Fuller & Thaler Asset Management Inc. bought a new position in Klaviyo in the 4th quarter valued at approximately $92,675,000. JPMorgan Chase & Co. boosted its position in Klaviyo by 86.8% during the 4th quarter. JPMorgan Chase & Co. now owns 3,564,743 shares of the company's stock worth $115,747,000 after buying an additional 1,656,912 shares during the period. Finally, Vanguard Group Inc. boosted its position 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 buying an additional 1,573,812 shares during the period. Institutional investors own 45.43% of the company's stock.

Klaviyo Trading Down 6.1%

KVYO stock opened at $19.39 on Thursday. The stock has a 50-day moving average price of $17.67 and a 200-day moving average price of $17.41. Klaviyo, Inc. has a 1-year low of $12.53 and a 1-year high of $36.22. The firm has a market cap of $5.52 billion, a PE ratio of 969.93 and a beta of 0.57.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. TD Cowen reduced their target price on shares of Klaviyo from $27.00 to $26.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Needham & Company LLC reiterated a "buy" rating on shares of Klaviyo in a report on Wednesday. Mizuho set a $28.00 price objective on shares of Klaviyo in a research note on Thursday, August 6th. KeyCorp decreased their price objective on Klaviyo from $35.00 to $29.00 and set an "overweight" rating for the company in a report on Thursday, August 6th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $21.00 target price on shares of Klaviyo in a research report on Thursday, August 6th. One equities 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $27.14.

Insider Activity at Klaviyo

In other Klaviyo news, major shareholder Summit Partners L. P sold 5,000,000 shares of the firm's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $17.71, for a total value of $88,550,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Landon Edmond sold 53,473 shares of the firm's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $20.01, for a total transaction of $1,069,994.73. Following the completion of the sale, the insider owned 485,969 shares of the company's stock, valued at $9,724,239.69. The trade was a 9.91% 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 5,188,358 shares of company stock valued at $92,252,475 in the last ninety days. Insiders own 37.42% of the company's stock.

Klaviyo 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.