Public Employees Retirement System of Ohio Buys New Stake in Klaviyo, Inc. $KVYO

Public Employees Retirement System of Ohio purchased a new stake in Klaviyo, Inc. (NYSE:KVYO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,625 shares of the company’s stock, valued at approximately $598,000.

A number of other institutional investors have also modified their holdings of the stock. Bank of New York Mellon Corp purchased a new stake in shares of Klaviyo in the second quarter worth about $8,663,000. Handelsbanken Fonder AB lifted its holdings in Klaviyo by 62.5% in the second quarter. Handelsbanken Fonder AB now owns 43,700 shares of the company’s stock valued at $660,000 after acquiring an additional 16,800 shares during the period. Optiver Holding B.V. purchased a new stake in Klaviyo in the 1st quarter worth approximately $39,000. Lavelle Capital LP acquired a new stake in shares of Klaviyo during the 1st quarter worth approximately $994,000. Finally, Bank of America Corp DE increased its holdings in shares of Klaviyo by 88.9% during the 1st quarter. Bank of America Corp DE now owns 1,686,770 shares of the company’s stock valued at $32,825,000 after purchasing an additional 793,613 shares in the last quarter. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Insider Activity at Klaviyo

In other Klaviyo news, CFO Amanda Whalen sold 14,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $18.47, for a total transaction of $258,580.00. Following the completion of the sale, the chief financial officer directly owned 824,192 shares in the company, valued at approximately $15,222,826.24. The trade was a 1.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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, major shareholder Summit Partners L. P sold 5,000,000 shares of the stock in a transaction that occurred 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 disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 5,188,358 shares of company stock valued at $92,252,475. 37.42% of the stock is owned by corporate insiders.

Klaviyo Stock Performance

NYSE:KVYO opened at $16.19 on Friday. The stock has a market capitalization of $4.61 billion, a PE ratio of 809.85 and a beta of 0.57. Klaviyo, Inc. has a fifty-two week low of $12.53 and a fifty-two week high of $36.22. The company has a fifty day moving average of $17.97 and a two-hundred day moving average of $17.40.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Weiss Ratings upgraded shares of Klaviyo from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday. Needham & Company LLC reissued a “buy” rating on shares of Klaviyo in a research note on Wednesday, September 2nd. KeyCorp cut their price target on Klaviyo from $35.00 to $29.00 and set an “overweight” rating for the company in a research note on Thursday, August 6th. Truist Financial reduced their price target on Klaviyo from $35.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Robert W. Baird set a $25.00 price target on Klaviyo in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $27.14.

Klaviyo Company 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.