Klaviyo (NYSE:KVYO) CEO Andrew Bialecki Sells 226,382 Shares

Key Points

• Klaviyo CEO Andrew Bialecki sold 226,382 shares at an average price of $32.35, totaling approximately $7.32 million.
• The company's stock has seen a significant trading volume increase, with its latest price reaching $33.62 after a $0.70 increase on the trading day.
• Klaviyo's recent quarterly earnings reported a 31.9% revenue increase year-over-year, achieving $0.16 EPS, surpassing analyst expectations.

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) CEO Andrew Bialecki sold 226,382 shares of the firm's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $32.35, for a total transaction of $7,323,457.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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 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 value of $7,141,113.00.

Klaviyo Stock Up 5.0%

Shares of KVYO stock traded up $1.68 during trading on Friday, reaching $35.24. The company had a trading volume of 4,000,311 shares, compared to its average volume of 2,050,748. The firm's 50 day simple moving average is $32.08 and its two-hundred day simple moving average is $32.04. Klaviyo, Inc. has a one year low of $23.77 and a one year high of $49.55.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.16 EPS for the quarter, beating 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 the consensus estimate of $275.97 million. During the same quarter last year, the company posted $0.15 earnings per share. The company's revenue for the quarter was up 31.9% compared to the same quarter last year. Klaviyo has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts predict that Klaviyo, Inc. will post 0.04 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Klaviyo by 9.7% during the first quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company's stock worth $256,240,000 after acquiring an additional 746,078 shares during the last quarter. Encompass More Asset Management bought a new stake in Klaviyo during the 1st quarter worth about $549,000. Raymond James Financial Inc. raised its holdings in Klaviyo by 85.4% during the 1st quarter. Raymond James Financial Inc. now owns 545,159 shares of the company's stock worth $16,497,000 after purchasing an additional 251,104 shares during the last quarter. WCM Investment Management LLC lifted its position in Klaviyo by 27.7% during the 1st quarter. WCM Investment Management LLC now owns 390,119 shares of the company's stock valued at $12,101,000 after purchasing an additional 84,715 shares during the period. Finally, Jump Financial LLC bought a new position in shares of Klaviyo in the 1st quarter valued at about $3,249,000. 45.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Macquarie reissued a "neutral" rating and set a $37.00 target price on shares of Klaviyo in a research report on Wednesday, August 6th. Wells Fargo & Company upgraded Klaviyo from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $32.00 to $40.00 in a research note on Friday, June 13th. Piper Sandler increased their target price on Klaviyo from $40.00 to $55.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. TD Cowen raised their target price on Klaviyo from $45.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Citigroup upgraded Klaviyo from a "neutral" rating to a "buy" rating and upped their price target for the stock from $40.00 to $50.00 in a report on Thursday, August 7th. Nineteen 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $44.45.

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.