Andrew Bialecki Sells 138,648 Shares of Klaviyo (NYSE:KVYO) Stock

Klaviyo, Inc. (NYSE:KVYO) CEO Andrew Bialecki sold 138,648 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $29.04, for a total value of $4,026,337.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, December 17th, Andrew Bialecki sold 100,000 shares of Klaviyo stock. The shares were sold at an average price of $30.40, for a total value of $3,040,000.00.
• On Thursday, December 11th, Andrew Bialecki sold 17,777 shares of Klaviyo stock. The shares were sold at an average price of $30.00, for a total value of $533,310.00.
• On Wednesday, December 10th, Andrew Bialecki sold 82,223 shares of Klaviyo stock. The stock was sold at an average price of $30.12, for a total value of $2,476,556.76.
• 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 value 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 value 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 shares were sold at an average price of $27.76, for a total transaction 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 transaction 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 transaction of $3,980,376.47.
• 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.

Klaviyo Trading Up 5.0%

Klaviyo stock opened at $31.50 on Friday. The firm has a market cap of $9.51 billion, a P/E ratio of -131.24 and a beta of 1.18. Klaviyo, Inc. has a 1-year low of $23.44 and a 1-year high of $49.55. The firm has a 50-day moving average of $27.58 and a 200-day moving average of $30.56.

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

Institutional Investors Weigh In On Klaviyo

A number of hedge funds and other institutional investors have recently bought and sold shares of KVYO. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Klaviyo during the second quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd raised its stake in Klaviyo by 1,650.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company’s stock valued at $27,000 after buying an additional 908 shares during the last quarter. First Horizon Advisors Inc. purchased a new position in Klaviyo during the second quarter valued at $37,000. FNY Investment Advisers LLC bought a new stake in Klaviyo in the third quarter worth $34,000. Finally, State of Wyoming purchased a new stake in shares of Klaviyo in the first quarter worth $42,000. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on KVYO shares. Zacks Research raised Klaviyo from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Macquarie dropped their target price on shares of Klaviyo from $37.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. Jefferies Financial Group upgraded shares of Klaviyo to a “strong-buy” rating in a research report on Wednesday, October 22nd. Piper Sandler reissued an “overweight” rating and issued a $45.00 price target (down from $50.00) on shares of Klaviyo in a research note on Thursday, November 6th. Finally, Robert W. Baird lifted their price objective on Klaviyo from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.77.

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.