BlackRock Discloses 5.0% Stake in Klaviyo, Inc.

TL;DR

**BlackRock just revealed a 5.0% stake in Klaviyo, signaling big institutional confidence.**

AI Summary

BlackRock Inc., a major investment management firm, reported on January 29, 2024, that it holds 10,637,422 shares of Klaviyo, Inc.'s Class A Common Stock as of December 31, 2023. This stake represents 5.0% of Klaviyo's total outstanding shares. This matters to investors because BlackRock's significant ownership indicates institutional confidence in Klaviyo, potentially signaling stability and future growth prospects for the e-commerce software company.

Why It Matters

BlackRock's substantial investment in Klaviyo, Inc. signals strong institutional backing, which can reassure current and prospective investors about the company's long-term viability and growth potential.

Risk Assessment

Risk Level: low — This filing indicates a significant institutional investment, which generally reduces perceived risk due to increased oversight and confidence.

Analyst Insight

A smart investor would view BlackRock's 5.0% stake as a vote of confidence, potentially indicating a stable long-term investment for Klaviyo, Inc., and might consider further research into Klaviyo's fundamentals.

Key Numbers

• 10,637,422 — Shares Beneficially Owned (Represents the total number of Klaviyo Class A Common Stock shares BlackRock Inc. holds.)
• 5.0% — Percentage of Class A Common Stock (Indicates BlackRock Inc.'s significant ownership stake in Klaviyo, Inc.)

Key Players & Entities

• BlackRock Inc. (company) — the reporting person and investor
• Klaviyo, Inc. (company) — the subject company whose shares were acquired
• 10,637,422 (dollar_amount) — number of shares beneficially owned by BlackRock
• 5.0% (dollar_amount) — percentage of Class A Common Stock owned by BlackRock
• December 31, 2023 (date) — date of the event requiring the filing
• January 29, 2024 (date) — filing date of the SC 13G

Forward-Looking Statements

• Klaviyo's stock price may experience increased stability due to BlackRock's significant institutional holding. (Klaviyo, Inc.) — medium confidence, target: next 6-12 months
• Other institutional investors might view BlackRock's stake as a positive signal, potentially leading to further institutional investment in Klaviyo. (Klaviyo, Inc.) — medium confidence, target: next 3-6 months

FAQ

From the Filing

0001086364-24-005531.txt : 20240129 0001086364-24-005531.hdr.sgml : 20240129 20240129172552 ACCESSION NUMBER: 0001086364-24-005531 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Klaviyo, Inc. CENTRAL INDEX KEY: 0001835830 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-94164 FILM NUMBER: 24574935 BUSINESS ADDRESS: STREET 1: 125 SUMMER STREET, FLOOR 6 CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 800-338-1744 MAIL ADDRESS: STREET 1: 125 SUMMER STREET, FLOOR 6 CITY: BOSTON STATE: MA ZIP: 02110 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G 1 us49845k1016_012924.txt us49845k1016_012924.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: ) Klaviyo, Inc. -------------------------------------------------------- (Name of Issuer) Class A Common Stock -------------------------------------------------------- (Title of Class of Securities) 49845K101 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 49845K101 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 2044113 (6) Shared voting power 0 (7) Sole dispositive power 2219649 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 2219649 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.0% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- Klaviyo, Inc. Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 125 SUMMER STREET, FLOOR 6 BOSTON MA 02110 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: --------------------------------------------------