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

Klaviyo, Inc. (NYSE:KVYO) CEO Andrew Bialecki sold 138,648 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $29.04, for a total transaction of $4,026,337.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 transaction 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 transaction 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 value 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 value of $4,017,343.92.
• On Tuesday, November 18th, Andrew Bialecki sold 147,329 shares of Klaviyo stock. The shares were 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 stock was 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 Stock Up 1.8%

Shares of KVYO traded up $0.54 on Wednesday, hitting $29.96. 4,384,056 shares of the stock traded hands, compared to its average volume of 2,243,643. Klaviyo, Inc. has a 1 year low of $23.44 and a 1 year high of $49.55. The stock’s 50 day moving average is $27.38 and its two-hundred day moving average is $30.56. The firm has a market capitalization of $9.05 billion, a P/E ratio of -124.82 and a beta of 1.18.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of KVYO. FNY Investment Advisers LLC purchased a new stake in Klaviyo during the third quarter worth approximately $34,000. Cantor Fitzgerald L. P. acquired a new position in shares of Klaviyo during the 3rd quarter valued at $637,000. JPMorgan Chase & Co. boosted its position in Klaviyo by 12.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,907,831 shares of the company’s stock worth $52,828,000 after purchasing an additional 214,977 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in 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 in the last quarter. Finally, Sender Co & Partners Inc. purchased a new position in Klaviyo in the third quarter valued at about $215,000. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Truist Financial set a $45.00 target price on Klaviyo in a research report on Tuesday, November 25th. William Blair reiterated an “outperform” rating on shares of Klaviyo in a report on Monday, November 17th. Robert W. Baird raised their target price on shares of Klaviyo from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Piper Sandler reaffirmed an “overweight” rating and set a $45.00 price target (down previously from $50.00) on shares of Klaviyo in a research report on Thursday, November 6th. Finally, BTIG Research initiated coverage on shares of Klaviyo in a research note on Monday. They set a “buy” rating and a $40.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Klaviyo presently has an average rating of “Moderate Buy” and an average price target 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.