Klaviyo (NYSE:KVYO) CEO Andrew Bialecki Sells 147,329 Shares

Klaviyo, Inc. (NYSE:KVYO) CEO Andrew Bialecki sold 147,329 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $27.16, for a total transaction of $4,001,455.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 stock was 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 value of $7,492,641.10.
• On Tuesday, September 16th, Andrew Bialecki sold 226,382 shares of Klaviyo stock. The stock was sold at an average price of $32.35, for a total value of $7,323,457.70.
• On Tuesday, September 9th, Andrew Bialecki sold 220,481 shares of Klaviyo stock. The shares were 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 shares were sold at an average price of $31.50, for a total transaction of $7,141,113.00.

Klaviyo Stock Down 2.2%

NYSE KVYO traded down $0.60 on Thursday, reaching $26.94. The company had a trading volume of 2,044,345 shares, compared to its average volume of 2,256,890. The stock has a market capitalization of $8.13 billion, a PE ratio of -112.23 and a beta of 1.26. Klaviyo, Inc. has a 12 month low of $23.44 and a 12 month high of $49.55. The firm’s 50 day moving average price is $28.18 and its 200 day moving average price is $31.25.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. The Goldman Sachs Group lowered their target price on Klaviyo from $48.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Wall Street Zen upgraded shares of Klaviyo from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. TD Cowen lifted their price objective on shares of Klaviyo from $45.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Piper Sandler restated an “overweight” rating and set a $45.00 target price (down from $50.00) on shares of Klaviyo in a research report on Thursday, November 6th. Finally, Benchmark reaffirmed a “buy” rating on shares of Klaviyo in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Klaviyo currently has an average rating of “Moderate Buy” and a consensus price target of $42.67.

Institutional Investors Weigh In On Klaviyo

A number of institutional investors and hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd lifted its position in shares of Klaviyo by 1,650.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company’s stock worth $27,000 after purchasing an additional 908 shares during the last quarter. CWM LLC lifted its holdings in Klaviyo by 227.5% during the 1st quarter. CWM LLC now owns 930 shares of the company’s stock valued at $28,000 after buying an additional 646 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Klaviyo during the 2nd quarter valued at about $31,000. First Horizon Advisors Inc. purchased a new stake in Klaviyo in the 2nd quarter valued at about $37,000. Finally, State of Wyoming bought a new position in Klaviyo in the 1st quarter worth about $42,000. 45.43% of the stock is owned by institutional investors.

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.