Klaviyo (NYSE:KVYO) CEO Sells $3,980,376.47 in Stock

Key Points

• Klaviyo CEO Andrew Bialecki sold 163,331 shares of the company's stock for approximately $3.98 million on October 14th, at an average price of $24.37 per share.
• The stock has seen a decline and recently traded at $23.75, with a market capitalization of $7.12 billion and a PE ratio of -95.00.
• Analysts have mixed views on Klaviyo, with a consensus price target of $44.30 and ratings ranging from "strong sell" to "buy," indicating differing expectations for the stock's performance.

Klaviyo, Inc. (NYSE:KVYO - Get Free Report) CEO Andrew Bialecki sold 163,331 shares of Klaviyo stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $24.37, for a total transaction of $3,980,376.47. The sale was disclosed in a legal 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, October 7th, Andrew Bialecki sold 159,508 shares of Klaviyo stock. The shares were sold at an average price of $25.30, for a total transaction of $4,035,552.40.
• On Tuesday, September 30th, Andrew Bialecki sold 137,224 shares of Klaviyo stock. The shares were sold at an average price of $28.86, for a total transaction 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.
• On Tuesday, September 16th, Andrew Bialecki sold 226,382 shares of Klaviyo stock. The shares were sold at an average price of $32.35, for a total transaction 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 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 transaction 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 Price Performance

KVYO traded down $0.27 during midday trading on Thursday, reaching $23.75. 2,698,741 shares of the company's stock were exchanged, compared to its average volume of 2,124,234. The stock has a market capitalization of $7.12 billion, a PE ratio of -95.00 and a beta of 1.26. The business's 50-day moving average price is $30.67 and its 200 day moving average price is $31.41. Klaviyo, Inc. has a 1-year low of $23.48 and a 1-year high of $49.55.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its earnings results on Thursday, September 25th. The company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $293.12 million during the quarter. Klaviyo had a negative net margin of 6.19% and a negative return on equity of 1.12%. As a group, analysts expect that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

KVYO has been the topic of a number of recent analyst reports. Stifel Nicolaus reduced their price target on Klaviyo from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Tuesday, July 15th. Robert W. Baird dropped their price objective on shares of Klaviyo from $44.00 to $39.00 and set an "outperform" rating for the company in a research note on Friday, September 26th. Zacks Research upgraded shares of Klaviyo to a "strong sell" rating in a report on Friday, August 8th. Macquarie reaffirmed a "neutral" rating and set a $37.00 price target on shares of Klaviyo in a research note on Wednesday, August 6th. Finally, Benchmark upped their price target on Klaviyo from $44.00 to $46.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Nineteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.30.

Institutional Investors Weigh In On Klaviyo

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew 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 in the last quarter. Encompass More Asset Management purchased a new position in Klaviyo in the first quarter valued at about $549,000. Raymond James Financial Inc. boosted its holdings in Klaviyo by 85.4% in the first quarter. Raymond James Financial Inc. now owns 545,159 shares of the company's stock valued at $16,497,000 after purchasing an additional 251,104 shares during the last quarter. WCM Investment Management LLC boosted its holdings in Klaviyo by 27.7% in the first 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 last quarter. Finally, Jump Financial LLC purchased a new position in Klaviyo in the first quarter valued at about $3,249,000. Institutional investors and hedge funds own 45.43% of the company's stock.

About Klaviyo

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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