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

Klaviyo, Inc. (NYSE:KVYO) CEO Andrew Bialecki sold 138,648 shares of the company’s stock in a transaction that occurred on 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 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 value 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 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 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 shares were 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 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.

Klaviyo Trading Up 1.8%

Shares of NYSE KVYO opened at $29.96 on Thursday. The stock has a market capitalization of $9.05 billion, a PE ratio of -124.82 and a beta of 1.18. Klaviyo, Inc. has a twelve month low of $23.44 and a twelve month high of $49.55. The stock has a fifty day simple moving average of $27.46 and a 200-day simple moving average of $30.55.

Klaviyo (NYSE:KVYO) last announced its earnings results on Thursday, September 25th. The company reported $0.16 EPS for the quarter. The company 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, equities analysts predict that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Robert W. Baird increased their target price on shares of Klaviyo from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Jefferies Financial Group upgraded Klaviyo to a “strong-buy” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group reduced their price target on Klaviyo from $48.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. William Blair reiterated an “outperform” rating on shares of Klaviyo in a research note on Monday, November 17th. Finally, Macquarie cut their target price on shares of Klaviyo from $37.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.77.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Main Management ETF Advisors LLC raised its position in Klaviyo by 1.7% in the 2nd quarter. Main Management ETF Advisors LLC now owns 22,723 shares of the company’s stock valued at $763,000 after purchasing an additional 372 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of Klaviyo by 3.4% in the third quarter. Natixis Advisors LLC now owns 11,397 shares of the company’s stock valued at $316,000 after buying an additional 372 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Klaviyo by 5.3% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 9,312 shares of the company’s stock worth $258,000 after buying an additional 469 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Klaviyo by 22.7% during the first quarter. Advisors Asset Management Inc. now owns 2,731 shares of the company’s stock worth $83,000 after buying an additional 506 shares during the last quarter. Finally, Pathstone Holdings LLC grew its holdings in shares of Klaviyo by 0.5% during the third quarter. Pathstone Holdings LLC now owns 173,931 shares of the company’s stock worth $4,816,000 after buying an additional 858 shares during the last quarter. Hedge funds and other institutional investors own 45.43% of the company’s stock.

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.