Norges Bank Buys Shares of 1,518,330 Klaviyo, Inc. $KVYO

Norges Bank bought a new position in Klaviyo, Inc. (NYSE:KVYO) in the 4th quarter, HoldingsChannel reports. The fund bought 1,518,330 shares of the company’s stock, valued at approximately $49,300,000.

A number of other hedge funds also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd grew its stake in shares of Klaviyo by 1,650.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company’s stock worth $27,000 after purchasing an additional 908 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Klaviyo in the third quarter worth about $34,000. Quarry LP bought a new position in Klaviyo in the 3rd quarter valued at about $44,000. Osaic Holdings Inc. grew its position in Klaviyo by 317.0% in the 2nd quarter. Osaic Holdings Inc. now owns 1,689 shares of the company’s stock valued at $55,000 after buying an additional 1,284 shares in the last quarter. Finally, RiverPark Advisors LLC bought a new stake in shares of Klaviyo during the 3rd quarter worth about $69,000. Institutional investors own 45.43% of the company’s stock.

Klaviyo Price Performance

NYSE KVYO opened at $15.60 on Monday. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of -390.00 and a beta of 0.63. The company has a 50 day simple moving average of $17.32 and a 200-day simple moving average of $22.05. Klaviyo, Inc. has a 52-week low of $13.53 and a 52-week high of $36.76.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. Klaviyo had a negative net margin of 0.66% and a positive return on equity of 4.16%. The firm had revenue of $358.01 million for the quarter, compared to the consensus estimate of $348.57 million. During the same period in the previous year, the firm posted $0.14 earnings per share. The firm’s revenue was up 27.9% on a year-over-year basis. On average, analysts predict that Klaviyo, Inc. will post 0.25 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. KeyCorp cut their target price on Klaviyo from $40.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. TD Cowen reiterated a “buy” rating on shares of Klaviyo in a research report on Wednesday, February 11th. Canaccord Genuity Group set a $32.00 price objective on Klaviyo in a research note on Wednesday, February 11th. Stifel Nicolaus cut their price objective on Klaviyo from $35.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Finally, Piper Sandler lowered their target price on Klaviyo from $30.00 to $26.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Eighteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.40.

Insider Activity

In other news, CFO Amanda Whalen sold 14,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $14.26, for a total value of $199,640.00. Following the transaction, the chief financial officer directly owned 895,141 shares of the company’s stock, valued at approximately $12,764,710.66. This represents a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 14,366 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $20.15, for a total value of $289,474.90. Following the sale, the insider owned 312,362 shares of the company’s stock, valued at approximately $6,294,094.30. This represents a 4.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,694,679 shares of company stock worth $29,151,767 in the last ninety days. Corporate 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.