Klaviyo (NYSE:KVYO) CEO Andrew Bialecki Sells 952 Shares

Klaviyo, Inc. (NYSE:KVYO) CEO Andrew Bialecki sold 952 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $30.00, for a total transaction of $28,560.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Andrew Bialecki also recently made the following trade(s):

• On Tuesday, December 2nd, Andrew Bialecki sold 142,045 shares of Klaviyo stock. The shares were sold at an average price of $28.62, for a total transaction of $4,065,327.90.
• On Monday, November 24th, Andrew Bialecki sold 144,717 shares of Klaviyo stock. The stock was sold at an average price of $27.76, for a total transaction of $4,017,343.92.
• On Tuesday, November 18th, Andrew Bialecki sold 147,329 shares of Klaviyo stock. The stock was sold at an average price of $27.16, for a total value of $4,001,455.64.
• On Tuesday, October 14th, Andrew Bialecki sold 163,331 shares of Klaviyo stock. The shares were sold at an average price of $24.37, for a total value of $3,980,376.47.
• On Tuesday, October 7th, Andrew Bialecki sold 159,508 shares of Klaviyo stock. The stock was sold at an average price of $25.30, for a total value of $4,035,552.40.
• On Tuesday, September 30th, Andrew Bialecki sold 137,224 shares of Klaviyo stock. The stock was sold at an average price of $28.86, for a total value of $3,960,284.64.
• On Tuesday, September 23rd, Andrew Bialecki sold 211,358 shares of Klaviyo stock. The shares were sold at an average price of $35.45, for a total value of $7,492,641.10.
• On Tuesday, September 16th, Andrew Bialecki sold 226,382 shares of Klaviyo stock. The shares were sold at an average price of $32.35, for a total value of $7,323,457.70.
• On Tuesday, September 9th, Andrew Bialecki sold 220,481 shares of Klaviyo stock. The stock was sold at an average price of $31.96, for a total value of $7,046,572.76.

Klaviyo Stock Up 3.2%

Shares of Klaviyo stock traded up $0.92 during trading on Thursday, reaching $29.98. The company’s stock had a trading volume of 1,497,227 shares, compared to its average volume of 2,229,898. The business’s 50-day moving average price is $27.10 and its 200-day moving average price is $30.84. Klaviyo, Inc. has a 52 week low of $23.44 and a 52 week high of $49.55. The firm has a market cap of $9.05 billion, a PE ratio of -124.93 and a beta of 1.18.

Klaviyo (NYSE:KVYO) last released its quarterly earnings results on Thursday, September 25th. The company reported $0.16 EPS for the quarter. Klaviyo had a negative net margin of 5.70% and a negative return on equity of 1.00%. The business had revenue of $293.12 million for the quarter. Equities analysts predict that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

Hedge Funds Weigh In On Klaviyo

Institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd lifted its stake in 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 during the last quarter. CWM LLC grew its stake in shares of Klaviyo by 227.5% during the first quarter. CWM LLC now owns 930 shares of the company’s stock worth $28,000 after buying an additional 646 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Klaviyo during the second quarter worth $31,000. First Horizon Advisors Inc. bought a new position in shares of Klaviyo in the 2nd quarter valued at $37,000. Finally, State of Wyoming acquired a new stake in shares of Klaviyo during the 1st quarter valued at $42,000. 45.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on KVYO. Morgan Stanley upgraded shares of Klaviyo from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $40.00 to $50.00 in a research report on Friday, September 19th. Zacks Research raised Klaviyo from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Wells Fargo & Company began coverage on Klaviyo in a research report on Tuesday, September 30th. They set an “overweight” rating and a $40.00 target price for the company. Cantor Fitzgerald decreased their price target on Klaviyo from $48.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Finally, Wall Street Zen downgraded Klaviyo from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $42.90.

Klaviyo Company Profile

Klaviyo, Inc, a technology company, provides a software-as-a-service platform in the United States, other Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers Klaviyo, a cloud-native platform for data store, segmentation engine, campaigns and flows, and messaging infrastructure.