Moody National Bank Trust Division Buys New Stake in Klaviyo, Inc. $KVYO

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 bought a new position in shares of Klaviyo, Inc. (NYSE:KVYO - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 35,206 shares of the company's stock, valued at approximately $1,182,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KVYO. TFC Financial Management Inc. bought a new position in Klaviyo during the first quarter worth about $27,000. CWM LLC raised its stake in shares of Klaviyo by 227.5% in the 1st quarter. CWM LLC now owns 930 shares of the company's stock valued at $28,000 after purchasing an additional 646 shares during the period. State of Wyoming acquired a new stake in shares of Klaviyo in the 1st quarter valued at about $42,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Klaviyo by 217.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,421 shares of the company's stock valued at $43,000 after purchasing an additional 974 shares during the period. Finally, KBC Group NV acquired a new stake in shares of Klaviyo in the 1st quarter valued at about $77,000. 45.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, major shareholder Summit Partners L. P sold 4,000,000 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $31.87, for a total transaction of $127,480,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Andrew Bialecki sold 226,702 shares of the firm's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $31.50, for a total value of $7,141,113.00. 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 quarter. Insiders own 49.92% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on KVYO shares. Wall Street Zen cut Klaviyo from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Stifel Nicolaus reduced their price objective on Klaviyo from $45.00 to $40.00 and set a "buy" rating for the company in a report on Tuesday, July 15th. Macquarie restated a "neutral" rating and set a $37.00 price objective on shares of Klaviyo in a report on Wednesday, August 6th. Benchmark boosted their price objective on Klaviyo from $44.00 to $46.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, TD Cowen boosted their price objective on Klaviyo from $45.00 to $46.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Nineteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $44.45.

Klaviyo Trading Up 5.0%

Shares of Klaviyo stock traded up $1.68 during trading on Friday, hitting $35.24. The stock had a trading volume of 4,000,311 shares, compared to its average volume of 1,933,648. The firm has a market cap of $10.57 billion, a price-to-earnings ratio of -140.96 and a beta of 1.36. Klaviyo, Inc. has a 12 month low of $23.77 and a 12 month high of $49.55. The business's 50-day moving average is $32.08 and its 200 day moving average is $32.04.

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

Klaviyo Profile

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.