Fifth Third Bancorp Invests $1.25 Million in Klaviyo, Inc. $KVYO

Fifth Third Bancorp bought a new position in shares of Klaviyo, Inc. (NYSE:KVYO) in the 1st quarter, Holdings Channel.com reports. The fund bought 64,220 shares of the company’s stock, valued at approximately $1,250,000.

A number of other large investors have also recently made changes to their positions in KVYO. Caitong International Asset Management Co. Ltd raised its holdings in shares of Klaviyo by 1,650.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company’s stock valued at $27,000 after purchasing an additional 908 shares in the last quarter. Quarry LP purchased a new stake in shares of Klaviyo during the 3rd quarter worth $44,000. Osaic Holdings Inc. grew its stake in shares of Klaviyo by 317.0% during the second quarter. Osaic Holdings Inc. now owns 1,689 shares of the company’s stock worth $55,000 after purchasing an additional 1,284 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in Klaviyo by 2,641.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,207 shares of the company’s stock valued at $104,000 after buying an additional 3,090 shares during the last quarter. Finally, Dara Capital US Inc. purchased a new position in Klaviyo in the fourth quarter valued at $112,000. 45.43% of the stock is currently owned by hedge funds and other institutional investors.

Klaviyo Price Performance

Shares of NYSE KVYO opened at $16.43 on Friday. Klaviyo, Inc. has a 12-month low of $12.53 and a 12-month high of $36.76. The company has a market capitalization of $4.92 billion, a PE ratio of -410.57 and a beta of 0.63. The firm’s 50-day moving average is $15.56 and its two-hundred day moving average is $18.59.

Klaviyo (NYSE:KVYO) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.22 earnings per share for the quarter, topping 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 business had revenue of $358.01 million during the quarter, compared to analysts’ expectations of $348.57 million. During the same period last year, the company posted $0.14 EPS. The company’s revenue was up 27.9% on a year-over-year basis. On average, analysts forecast that Klaviyo, Inc. will post 0.25 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Ledger Susan St. sold 9,334 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $14.27, for a total value of $133,196.18. Following the completion of the transaction, the director owned 10,939 shares of the company’s stock, valued at approximately $156,099.53. The trade was a 46.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amanda Whalen sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $13.23, for a total transaction of $185,220.00. Following the completion of the transaction, the chief financial officer directly owned 852,192 shares of the company’s stock, valued at approximately $11,274,500.16. This represents a 1.62% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 649,863 shares of company stock worth $9,521,105. 37.42% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on KVYO shares. Wells Fargo & Company lowered their price objective on Klaviyo from $30.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Scotiabank set a $32.00 target price on Klaviyo in a research note on Wednesday, June 17th. Wall Street Zen upgraded shares of Klaviyo from a “hold” rating to a “buy” rating in a research note on Saturday. Piper Sandler reduced their price target on shares of Klaviyo from $30.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Klaviyo in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.95.

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.