35,206 Shares in Klaviyo, Inc. $KVYO Acquired by Moody National Bank Trust Division

Key Points

• Moody National Bank Trust Division acquired a new stake in Klaviyo, Inc. during the second quarter, purchasing 35,206 shares valued at approximately $1.18 million.
• Several hedge funds increased their positions in Klaviyo, with Lord Abbett & CO. LLC significantly boosting its holdings by 105.6% in the first quarter.
• Klaviyo's stock continues to attract positive analyst coverage, with multiple upgrades increasing price targets, including a recent boost to $55.00 by Piper Sandler.

Moody National Bank Trust Division purchased a new stake in Klaviyo, Inc. (NYSE:KVYO - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 35,206 shares of the company's stock, valued at approximately $1,182,000.

Other hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. boosted its holdings in Klaviyo by 22.7% during the first quarter. Advisors Asset Management Inc. now owns 2,731 shares of the company's stock valued at $83,000 after purchasing an additional 506 shares in the last quarter. CWM LLC grew its position in Klaviyo by 227.5% in the 1st quarter. CWM LLC now owns 930 shares of the company's stock worth $28,000 after purchasing an additional 646 shares in the last quarter. Cabot Wealth Management Inc. increased its holdings in Klaviyo by 1.0% during the 1st quarter. Cabot Wealth Management Inc. now owns 90,126 shares of the company's stock worth $2,727,000 after acquiring an additional 854 shares during the period. California State Teachers Retirement System boosted its position in Klaviyo by 1.8% during the 4th quarter. California State Teachers Retirement System now owns 49,997 shares of the company's stock valued at $2,062,000 after buying an additional 864 shares during the period. Finally, Petrus Trust Company LTA grew its stake in shares of Klaviyo by 7.0% in the first quarter. Petrus Trust Company LTA now owns 13,439 shares of the company's stock worth $407,000 after acquiring an additional 884 shares during the period. Institutional investors and hedge funds own 45.43% of the company's stock.

Insiders Place Their Bets

In other Klaviyo news, insider Carmel Galvin sold 11,155 shares of Klaviyo stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $31.67, for a total transaction of $353,278.85. Following the completion of the sale, the insider owned 675,833 shares of the company's stock, valued at $21,403,631.11. The trade was a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ed Hallen sold 89,748 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $31.71, for a total value of $2,845,909.08. Following the transaction, the director directly owned 177,776 shares in the company, valued at $5,637,276.96. The trade was a 33.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,077,413 shares of company stock valued at $161,623,703 over the last 90 days. Corporate insiders own 53.24% of the company's stock.

Klaviyo Trading Down 0.3%

Shares of KVYO stock traded down $0.10 during trading hours on Tuesday, reaching $35.82. 349,866 shares of the stock were exchanged, compared to its average volume of 1,928,585. The firm has a market capitalization of $10.74 billion, a price-to-earnings ratio of -143.27 and a beta of 1.36. The company's 50-day moving average price is $32.17 and its 200-day moving average price is $32.01. Klaviyo, Inc. has a 12-month low of $23.77 and a 12-month high of $49.55.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. Klaviyo had a negative net margin of 6.19% and a negative return on equity of 1.12%. The firm had revenue of $293.12 million during the quarter, compared to analysts' expectations of $275.97 million. During the same quarter in the previous year, the business posted $0.15 earnings per share. The business's quarterly revenue was up 31.9% compared to the same quarter last year. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts expect that Klaviyo, Inc. will post 0.04 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on KVYO shares. Piper Sandler increased their price objective on shares of Klaviyo from $40.00 to $55.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Morgan Stanley upgraded Klaviyo from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $40.00 to $50.00 in a report on Friday. Wells Fargo & Company raised Klaviyo from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $32.00 to $40.00 in a research note on Friday, June 13th. TD Cowen increased their price objective on Klaviyo from $45.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Cantor Fitzgerald raised Klaviyo to an "overweight" rating and set a $48.00 target price for the company in a research note on Tuesday, June 3rd. Nineteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Klaviyo presently has an average rating of "Moderate Buy" and a consensus price target of $44.45.

About Klaviyo

Klaviyo, Inc, a technology company, provides a software-as-a-service platform in the United States, other Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers Klaviyo, a cloud-native platform for data store, segmentation engine, campaigns and flows, and messaging infrastructure.