Klaviyo (NYSE:KVYO) CEO Andrew Bialecki Sells 211,358 Shares

Key Points

• Klaviyo CEO Andrew Bialecki sold 211,358 shares of the company's stock on September 23rd for approximately $7.49 million.
• The company’s stock experienced a 7.6% decline recently, trading at $32.57, with a market capitalization of $9.77 billion.
• Despite recent declines, analysts maintain a generally positive outlook on Klaviyo, with an average rating of "Moderate Buy" and a price target of $44.45.

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) CEO Andrew Bialecki sold 211,358 shares of the business's stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $35.45, for a total value of $7,492,641.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• 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 shares were sold at an average price of $31.96, for a total transaction 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 transaction of $7,141,113.00.

Klaviyo Trading Down 7.6%

NYSE:KVYO traded down $2.69 during mid-day trading on Thursday, hitting $32.57. The company's stock had a trading volume of 6,614,032 shares, compared to its average volume of 1,969,630. The stock has a fifty day moving average of $32.31 and a 200-day moving average of $32.05. The company has a market capitalization of $9.77 billion, a price-to-earnings ratio of -130.28 and a beta of 1.36. Klaviyo, Inc. has a fifty-two week low of $23.77 and a fifty-two week high of $49.55.

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

Analysts Set New Price Targets

Several brokerages have commented on KVYO. Zacks Research raised shares of Klaviyo to a "strong sell" rating in a research note on Friday, August 8th. Benchmark upped their price objective on shares of Klaviyo from $44.00 to $46.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. TD Cowen lifted their target price on Klaviyo from $45.00 to $46.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Stifel Nicolaus decreased their target price on Klaviyo from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday, July 15th. Finally, Piper Sandler raised their price target on Klaviyo from $40.00 to $55.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Nineteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $44.45.

Institutional Investors Weigh In On Klaviyo

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Klaviyo by 9.7% in the first quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company's stock valued at $256,240,000 after buying an additional 746,078 shares during the period. Alliancebernstein L.P. boosted its stake in Klaviyo by 10.1% during the 2nd quarter. Alliancebernstein L.P. now owns 4,424,249 shares of the company's stock valued at $148,566,000 after purchasing an additional 404,969 shares during the last quarter. Sands Capital Alternatives LLC increased its holdings in Klaviyo by 2.1% during the 2nd quarter. Sands Capital Alternatives LLC now owns 3,515,065 shares of the company's stock worth $118,036,000 after purchasing an additional 71,550 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Klaviyo by 9.0% in the second quarter. Federated Hermes Inc. now owns 2,911,007 shares of the company's stock worth $97,752,000 after purchasing an additional 241,207 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Klaviyo by 123.4% in the second quarter. American Century Companies Inc. now owns 2,685,480 shares of the company's stock valued at $90,178,000 after purchasing an additional 1,483,427 shares in the last quarter. 45.43% of the stock is currently owned by institutional investors and hedge funds.

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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