New York State Common Retirement Fund Has $9.67 Million Holdings in Klaviyo, Inc. $KVYO

New York State Common Retirement Fund lifted its stake in shares of Klaviyo, Inc. (NYSE:KVYO) by 8.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 349,135 shares of the company’s stock after purchasing an additional 26,767 shares during the period. New York State Common Retirement Fund owned approximately 0.12% of Klaviyo worth $9,668,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of KVYO. Barton Investment Management acquired a new position in Klaviyo in the third quarter valued at approximately $10,937,000. Assetmark Inc. grew its holdings in Klaviyo by 316.6% during the 2nd quarter. Assetmark Inc. now owns 62,577 shares of the company’s stock worth $2,101,000 after acquiring an additional 47,555 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Klaviyo by 105.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,692,854 shares of the company’s stock valued at $56,846,000 after purchasing an additional 867,666 shares during the period. WCM Investment Management LLC lifted its stake in shares of Klaviyo by 58.7% in the 2nd quarter. WCM Investment Management LLC now owns 619,165 shares of the company’s stock valued at $20,463,000 after purchasing an additional 229,046 shares during the period. Finally, Sands Capital Management LLC boosted its position in shares of Klaviyo by 14.0% in the 2nd quarter. Sands Capital Management LLC now owns 1,109,069 shares of the company’s stock worth $37,243,000 after purchasing an additional 136,320 shares during the last quarter. Institutional investors and hedge funds own 45.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on KVYO. Macquarie dropped their price objective on Klaviyo from $37.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. Stifel Nicolaus lowered their price target on Klaviyo from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. BTIG Research initiated coverage on shares of Klaviyo in a research report on Monday, December 15th. They issued a “buy” rating and a $40.00 price target on the stock. The Goldman Sachs Group reduced their price objective on shares of Klaviyo from $48.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Finally, Piper Sandler reduced their price target on shares of Klaviyo from $45.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.05.

Insider Activity

In other news, insider Landon Edmond sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $25.83, for a total transaction of $258,300.00. Following the completion of the transaction, the insider directly owned 343,882 shares of the company’s stock, valued at $8,882,472.06. This represents a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Bialecki sold 155,219 shares of Klaviyo stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $25.33, for a total value of $3,931,697.27. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,862,901 shares of company stock worth $52,846,182 over the last three months. Corporate insiders own 53.24% of the company’s stock.

Klaviyo Stock Down 10.7%

Shares of KVYO stock opened at $20.15 on Wednesday. Klaviyo, Inc. has a 12-month low of $19.87 and a 12-month high of $49.55. The firm has a fifty day moving average of $28.39 and a 200-day moving average of $29.26. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of -83.93 and a beta of 1.13.

Klaviyo (NYSE:KVYO) last announced its earnings results on Wednesday, November 5th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The firm had revenue of $310.88 million during the quarter, compared to analyst estimates of $299.93 million. Klaviyo had a negative net margin of 5.70% and a negative return on equity of 1.00%. The company’s revenue for the quarter was up 32.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 EPS. On average, equities analysts expect that Klaviyo, Inc. will post 0.04 EPS for the current year.

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.