Insider Selling: Klaviyo (NYSE:KVYO) CEO Sells 138,648 Shares of Stock

Klaviyo, Inc. (NYSE:KVYO) CEO Andrew Bialecki sold 138,648 shares of Klaviyo 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction of $3,040,000.00.
• 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 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 transaction 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 transaction of $3,864,670.04.
• On Thursday, December 4th, Andrew Bialecki sold 952 shares of Klaviyo stock. The stock was 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 shares were 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 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 shares were sold at an average price of $25.30, for a total value of $4,035,552.40.

Klaviyo Price Performance

Shares of Klaviyo stock traded up $0.54 on Wednesday, reaching $29.96. 4,384,056 shares of the company were exchanged, compared to its average volume of 2,243,643. The stock’s 50 day moving average price is $27.38 and its 200-day moving average price is $30.56. Klaviyo, Inc. has a 1-year low of $23.44 and a 1-year high of $49.55. The company has a market cap 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 (EPS) for the quarter. Klaviyo had a negative net margin of 5.70% and a negative return on equity of 1.00%. The company had revenue of $293.12 million during the quarter. On average, research analysts predict that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Klaviyo during the second quarter worth about $31,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Klaviyo by 1,650.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company’s stock valued at $27,000 after acquiring an additional 908 shares during the period. First Horizon Advisors Inc. purchased a new stake in shares of Klaviyo during the 2nd quarter worth approximately $37,000. FNY Investment Advisers LLC acquired a new stake in shares of Klaviyo in the 3rd quarter worth approximately $34,000. Finally, State of Wyoming purchased a new position in Klaviyo in the 1st quarter valued at approximately $42,000. 45.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KVYO has been the topic of a number of analyst reports. The Goldman Sachs Group cut their price target on Klaviyo from $48.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Weiss Ratings began coverage on Klaviyo in a research report on Saturday, November 1st. They set a “sell (d-)” rating on the stock. Morgan Stanley raised Klaviyo from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $40.00 to $50.00 in a report on Friday, September 19th. Truist Financial set a $45.00 price objective on shares of Klaviyo in a research report on Tuesday, November 25th. Finally, Zacks Research raised Klaviyo from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.77.

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.