Insider Selling: Klaviyo (NYSE:KVYO) CEO Sells $2,476,556.76 in Stock

Klaviyo, Inc. (NYSE:KVYO) CEO Andrew Bialecki sold 82,223 shares of Klaviyo stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $30.12, for a total value of $2,476,556.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, December 11th, Andrew Bialecki sold 17,777 shares of Klaviyo stock. The stock was sold at an average price of $30.00, for a total transaction of $533,310.00.
• On Tuesday, December 9th, Andrew Bialecki sold 131,362 shares of Klaviyo stock. The shares were sold at an average price of $29.42, for a total transaction of $3,864,670.04.
• On Thursday, December 4th, Andrew Bialecki sold 952 shares of Klaviyo stock. The shares were sold at an average price of $30.00, for a total transaction of $28,560.00.
• On Tuesday, December 2nd, Andrew Bialecki sold 142,045 shares of Klaviyo stock. The stock was sold at an average price of $28.62, for a total transaction of $4,065,327.90.
• On Monday, November 24th, Andrew Bialecki sold 144,717 shares of Klaviyo stock. The stock was sold at an average price of $27.76, for a total value of $4,017,343.92.
• On Tuesday, November 18th, Andrew Bialecki sold 147,329 shares of Klaviyo stock. The stock was sold at an average price of $27.16, for a total value of $4,001,455.64.
• On Tuesday, October 14th, Andrew Bialecki sold 163,331 shares of Klaviyo stock. The shares were sold at an average price of $24.37, for a total value of $3,980,376.47.
• On Tuesday, October 7th, Andrew Bialecki sold 159,508 shares of Klaviyo stock. The stock was sold at an average price of $25.30, for a total value of $4,035,552.40.
• On Tuesday, September 30th, Andrew Bialecki sold 137,224 shares of Klaviyo stock. The stock was sold at an average price of $28.86, for a total value 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 value of $7,492,641.10.

Klaviyo Price Performance

NYSE:KVYO opened at $29.77 on Friday. Klaviyo, Inc. has a 1-year low of $23.44 and a 1-year high of $49.55. The company has a 50-day moving average of $27.25 and a 200 day moving average of $30.65. The firm has a market cap of $8.99 billion, a PE ratio of -124.03 and a beta of 1.18.

Klaviyo (NYSE:KVYO) last posted its earnings results on Thursday, September 25th. The company reported $0.16 EPS for the quarter. Klaviyo had a negative net margin of 5.70% and a negative return on equity of 1.00%. The business had revenue of $293.12 million for the quarter. Sell-side analysts anticipate that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

KVYO has been the subject of a number of analyst reports. Stifel Nicolaus lowered their target price on Klaviyo from $42.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Macquarie decreased their price objective on Klaviyo from $37.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, November 11th. Truist Financial set a $45.00 price objective on Klaviyo in a research report on Tuesday, November 25th. KeyCorp reduced their target price on shares of Klaviyo from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Finally, William Blair reissued an “outperform” rating on shares of Klaviyo in a research report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Klaviyo has an average rating of “Moderate Buy” and a consensus target price of $42.90.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KVYO. Cantor Fitzgerald L. P. acquired a new stake in Klaviyo in the third quarter worth about $637,000. JPMorgan Chase & Co. increased its holdings in shares of Klaviyo by 12.7% during the third quarter. JPMorgan Chase & Co. now owns 1,907,831 shares of the company’s stock valued at $52,828,000 after acquiring an additional 214,977 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Klaviyo by 1,650.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company’s stock valued at $27,000 after purchasing an additional 908 shares during the last quarter. Sender Co & Partners Inc. acquired a new stake in Klaviyo in the 3rd quarter worth approximately $215,000. Finally, Dark Forest Capital Management LP purchased a new stake in Klaviyo during the 3rd quarter worth approximately $791,000. 45.43% of the stock is 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.