Andrew Bialecki Sells 137,224 Shares of Klaviyo (NYSE:KVYO) Stock

Key Points

• Klaviyo CEO Andrew Bialecki sold 137,224 shares of the company's stock on September 30, 2023, for a total of approximately $3.96 million.
• Klaviyo's stock has seen a significant decline, with a recent trading price of $25.95, having fluctuated between a one-year low of $23.77 and a high of $49.55.
• Multiple analysts have upgraded their ratings on Klaviyo, with price targets as high as $50.00, reflecting a generally positive sentiment among financial experts.

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) CEO Andrew Bialecki sold 137,224 shares of Klaviyo stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $28.86, for a total value of $3,960,284.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, September 23rd, Andrew Bialecki sold 211,358 shares of Klaviyo stock. The stock was 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 stock was 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.
• On Tuesday, September 2nd, Andrew Bialecki sold 223,304 shares of Klaviyo stock. The stock was sold at an average price of $31.00, for a total value of $6,922,424.00.
• On Tuesday, August 26th, Andrew Bialecki sold 226,702 shares of Klaviyo stock. The stock was sold at an average price of $31.50, for a total value of $7,141,113.00.

Klaviyo Price Performance

Shares of KVYO stock traded down $0.06 during trading hours on Thursday, hitting $25.95. The stock had a trading volume of 2,898,143 shares, compared to its average volume of 2,069,746. The stock's 50-day moving average price is $32.05 and its two-hundred day moving average price is $31.95. Klaviyo, Inc. has a one year low of $23.77 and a one year high of $49.55. The stock has a market capitalization of $7.78 billion, a price-to-earnings ratio of -103.79 and a beta of 1.27.

Klaviyo (NYSE:KVYO - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. Klaviyo had a negative return on equity of 1.12% and a negative net margin of 6.19%.The company had revenue of $293.12 million for the quarter, compared to analysts' expectations of $275.97 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The firm's revenue for the quarter was up 31.9% on a year-over-year basis. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts predict that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KVYO has been the topic of several analyst reports. Needham & Company LLC reissued a "buy" rating and set a $45.00 price objective on shares of Klaviyo in a research note on Friday, September 26th. Morgan Stanley raised Klaviyo from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $40.00 to $50.00 in a research note on Friday, September 19th. Macquarie reissued a "neutral" rating and set a $37.00 price objective on shares of Klaviyo in a research note on Wednesday, August 6th. Benchmark boosted their price objective on Klaviyo from $44.00 to $46.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Citigroup raised Klaviyo from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $40.00 to $50.00 in a research note on Thursday, August 7th. Nineteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $44.30.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. TFC Financial Management Inc. purchased a new stake in shares of Klaviyo in the first quarter valued at approximately $27,000. CWM LLC lifted its holdings in 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 period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Klaviyo during the second quarter worth $31,000. First Horizon Advisors Inc. purchased a new stake in Klaviyo during the second quarter worth $37,000. Finally, State of Wyoming purchased a new stake in Klaviyo during the first quarter worth $42,000. Institutional investors own 45.43% of the company's stock.

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.

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