Huntington National Bank Acquires 89,800 Shares of Klaviyo, Inc. $KVYO

Key Points

• Huntington National Bank increased its Klaviyo stake by 117.1% in the fourth quarter, buying 89,800 additional shares and bringing its total to 166,501 shares worth about $5.4 million.
• Klaviyo reported stronger-than-expected quarterly results, posting $0.22 EPS on revenue of $358.01 million, both ahead of analyst estimates, with revenue up 27.9% year over year.
• Analyst sentiment remains mostly positive but targets have been trimmed, while insiders have been selling shares; the stock currently has a Moderate Buy consensus and a $31.40 average price target.

Huntington National Bank boosted its position in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) by 117.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,501 shares of the company's stock after acquiring an additional 89,800 shares during the period. Huntington National Bank owned 0.06% of Klaviyo worth $5,406,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its position in Klaviyo by 1,650.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company's stock worth $27,000 after acquiring an additional 908 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Klaviyo during the 3rd quarter worth $34,000. Quarry LP acquired a new position in Klaviyo during the 3rd quarter worth $44,000. Osaic Holdings Inc. lifted its position in Klaviyo by 317.0% during the 2nd quarter. Osaic Holdings Inc. now owns 1,689 shares of the company's stock worth $55,000 after acquiring an additional 1,284 shares during the last quarter. Finally, RiverPark Advisors LLC acquired a new position in Klaviyo during the 3rd quarter worth $69,000. Institutional investors and hedge funds own 45.43% of the company's stock.

Klaviyo Stock Up 3.6%

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

Klaviyo (NYSE:KVYO - Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.03. The business had revenue of $358.01 million for the quarter, compared to analysts' expectations of $348.57 million. Klaviyo had a negative net margin of 0.66% and a positive return on equity of 4.16%. The firm's revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Research analysts anticipate that Klaviyo, Inc. will post 0.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Stephens cut their target price on shares of Klaviyo from $43.00 to $31.00 and set an "overweight" rating for the company in a research report on Wednesday, February 11th. Truist Financial cut their target price on shares of Klaviyo from $45.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, February 11th. Piper Sandler cut their target price on shares of Klaviyo from $30.00 to $26.00 and set an "overweight" rating for the company in a research report on Wednesday, May 6th. Zacks Research lowered shares of Klaviyo from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 29th. Finally, Benchmark cut their price objective on shares of Klaviyo from $33.00 to $30.00 and set a "buy" rating for the company in a research report on Wednesday, May 6th. Eighteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $31.40.

Insider Buying and Selling at Klaviyo

In related news, CFO Amanda Whalen sold 14,000 shares of the company's stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $14.26, for a total value of $199,640.00. Following the sale, the chief financial officer owned 895,141 shares of the company's stock, valued at $12,764,710.66. The trade was a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Landon Edmond sold 9,623 shares of the company's stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $20.00, for a total transaction of $192,460.00. Following the completion of the sale, the insider directly owned 584,124 shares in the company, valued at approximately $11,682,480. The trade was 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. In the last three months, insiders sold 1,909,772 shares of company stock worth $33,184,042. 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.

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