Klaviyo (NYSE:KVYO) CEO Andrew Bialecki Sells 17,777 Shares

Klaviyo, Inc. (NYSE:KVYO) CEO Andrew Bialecki sold 17,777 shares of Klaviyo stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $30.00, for a total transaction of $533,310.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, December 10th, Andrew Bialecki sold 82,223 shares of Klaviyo stock. The stock was sold at an average price of $30.12, for a total transaction of $2,476,556.76.
• On Tuesday, December 9th, Andrew Bialecki sold 131,362 shares of Klaviyo stock. The shares were sold at an average price of $29.42, for a total transaction of $3,864,670.04.
• On Thursday, December 4th, Andrew Bialecki sold 952 shares of Klaviyo stock. The stock was sold at an average price of $30.00, for a total transaction of $28,560.00.
• 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 value of $4,065,327.90.
• On Monday, November 24th, Andrew Bialecki sold 144,717 shares of Klaviyo stock. The shares were sold at an average price of $27.76, for a total value of $4,017,343.92.
• On Tuesday, November 18th, Andrew Bialecki sold 147,329 shares of Klaviyo stock. The shares were 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 transaction of $7,492,641.10.

Klaviyo Stock Performance

Klaviyo stock traded up $0.65 during trading hours on Thursday, reaching $30.13. 1,992,484 shares of the stock were exchanged, compared to its average volume of 2,232,646. Klaviyo, Inc. has a 52-week low of $23.44 and a 52-week high of $49.55. The stock has a market cap of $9.10 billion, a P/E ratio of -125.54 and a beta of 1.18. The firm’s 50 day moving average is $27.09 and its 200 day moving average is $30.70.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew 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 acquiring an additional 908 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Klaviyo during the second quarter worth about $31,000. First Horizon Advisors Inc. purchased a new stake in shares of Klaviyo in the second quarter valued at about $37,000. State of Wyoming acquired a new stake in shares of Klaviyo in the first quarter valued at approximately $42,000. Finally, Quarry LP purchased a new position in shares of Klaviyo during the 3rd quarter worth approximately $44,000. Institutional investors and hedge funds own 45.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on KVYO shares. Truist Financial set a $45.00 target price on Klaviyo in a research note on Tuesday, November 25th. Robert W. Baird raised their target price on Klaviyo from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Stifel Nicolaus lowered their price target on shares of Klaviyo from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Macquarie cut their price target on shares of Klaviyo from $37.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. Finally, Zacks Research raised shares of Klaviyo from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.