Klaviyo (NYSE:KVYO) CEO Andrew Bialecki Sells 220,481 Shares

Key Points

• Klaviyo CEO Andrew Bialecki sold 220,481 shares at an average price of $31.96, totaling over $7 million, as disclosed in a SEC filing.
• The company reported a 31.9% year-over-year revenue increase, with earnings per share of $0.16 exceeding analysts' expectations.
• Klaviyo's stock rating has been upgraded by several analysts, with target prices ranging from $37.00 to $55.00, reflecting a consensus rating of "Moderate Buy."

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) CEO Andrew Bialecki sold 220,481 shares of the business's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $31.96, for a total value of $7,046,572.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 transaction of $6,922,424.00.
• On Tuesday, August 26th, Andrew Bialecki sold 226,702 shares of Klaviyo stock. The shares were sold at an average price of $31.50, for a total transaction of $7,141,113.00.

Klaviyo Price Performance

Klaviyo stock traded up $0.61 during mid-day trading on Thursday, reaching $31.78. 1,831,785 shares of the company traded hands, compared to its average volume of 1,897,748. Klaviyo, Inc. has a fifty-two week low of $23.77 and a fifty-two week high of $49.55. The company has a market capitalization of $9.53 billion, a price-to-earnings ratio of -127.12 and a beta of 1.36. The firm's fifty day moving average is $32.15 and its two-hundred day moving average is $32.42.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.16 earnings per share for the quarter, beating 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%.The company's revenue was up 31.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.15 earnings per share. 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 year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on KVYO shares. Wells Fargo & Company raised Klaviyo from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $32.00 to $40.00 in a report on Friday, June 13th. Cantor Fitzgerald raised Klaviyo to an "overweight" rating and set a $48.00 target price on the stock in a report on Tuesday, June 3rd. TD Cowen raised 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. Macquarie reaffirmed a "neutral" rating and set a $37.00 target price on shares of Klaviyo in a report on Wednesday, August 6th. Finally, Piper Sandler raised their target price on Klaviyo from $40.00 to $55.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Eighteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $43.65.

Hedge Funds Weigh In On Klaviyo

A number of hedge funds have recently bought and sold shares of the business. TFC Financial Management Inc. purchased a new position in shares of Klaviyo in the first quarter valued at approximately $27,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Klaviyo in the second quarter valued at approximately $31,000. CWM LLC lifted its position in shares of Klaviyo by 227.5% in the first quarter. CWM LLC now owns 930 shares of the company's stock valued at $28,000 after acquiring an additional 646 shares in the last quarter. First Horizon Advisors Inc. purchased a new position in shares of Klaviyo in the second quarter valued at approximately $37,000. Finally, State of Wyoming purchased a new position in shares of Klaviyo in the first quarter valued at approximately $42,000. Hedge funds and other 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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