Public Employees Retirement System of Ohio Makes New $598,000 Investment in Klaviyo, Inc. $KVYO

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

A number of other institutional investors and hedge funds have also made changes to their positions in KVYO. Capital International Investors bought a new position in shares of Klaviyo in the 4th quarter worth $415,254,000. Morgan Stanley raised its holdings in Klaviyo by 36.1% in the fourth quarter. Morgan Stanley now owns 14,547,090 shares of the company’s stock worth $472,344,000 after purchasing an additional 3,855,160 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in Klaviyo in the fourth quarter worth about $92,675,000. JPMorgan Chase & Co. lifted its position in shares of Klaviyo by 86.8% during the fourth quarter. JPMorgan Chase & Co. now owns 3,564,743 shares of the company’s stock valued at $115,747,000 after buying an additional 1,656,912 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Klaviyo in the 4th quarter valued at about $49,300,000. 45.43% of the stock is currently owned by hedge funds and other institutional investors.

Klaviyo Price Performance

Shares of KVYO opened at $16.19 on Friday. The company’s fifty day moving average price is $17.97 and its 200-day moving average price is $17.40. Klaviyo, Inc. has a 1-year low of $12.53 and a 1-year high of $36.22. The firm has a market capitalization of $4.61 billion, a PE ratio of 809.85 and a beta of 0.57.

Klaviyo (NYSE:KVYO) last issued its earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. Klaviyo had a return on equity of 5.67% and a net margin of 0.49%.The company had revenue of $370.58 million during the quarter, compared to analyst estimates of $362.08 million. During the same quarter last year, the business posted $0.16 EPS. The firm’s quarterly revenue was up 26.4% on a year-over-year basis. As a group, research analysts anticipate that Klaviyo, Inc. will post 0.2 EPS for the current fiscal year.

Insider Transactions at Klaviyo

In related news, Director Ed Hallen sold 98,782 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $20.48, for a total value of $2,023,055.36. Following the sale, the director owned 94,457 shares in the company, valued at $1,934,479.36. This represents a 51.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 stock was sold at an average price of $17.71, for a total transaction of $88,550,000.00. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 5,188,358 shares of company stock valued at $92,252,475. 37.42% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Citigroup reiterated a “buy” rating on shares of Klaviyo in a research note on Tuesday. Wall Street Zen downgraded shares of Klaviyo from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Morgan Stanley set a $31.00 price target on shares of Klaviyo in a report on Thursday, August 6th. Scotiabank set a $32.00 price target on Klaviyo in a research report on Wednesday, June 17th. Finally, Canaccord Genuity Group decreased their price objective on Klaviyo from $32.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.14.

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.