Klaviyo (NYSE:KVYO) CEO Andrew Bialecki Sells 163,331 Shares

Klaviyo, Inc. (NYSE:KVYO) CEO Andrew Bialecki sold 163,331 shares of the business’s stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $24.37, for a total value of $3,980,376.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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.
• On Tuesday, September 30th, Andrew Bialecki sold 137,224 shares of Klaviyo stock. The stock was sold at an average price of $28.86, for a total value of $3,960,284.64.
• On Tuesday, September 23rd, Andrew Bialecki sold 211,358 shares of Klaviyo stock. The stock was 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 stock was sold at an average price of $31.96, for a total value 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 value of $6,922,424.00.
• On Tuesday, August 26th, Andrew Bialecki sold 226,702 shares of Klaviyo stock. The stock was sold at an average price of $31.50, for a total value of $7,141,113.00.

Klaviyo Price Performance

KVYO stock opened at $23.75 on Friday. Klaviyo, Inc. has a 1-year low of $23.48 and a 1-year high of $49.55. The business has a fifty day moving average price of $30.46 and a 200-day moving average price of $31.37. The stock has a market capitalization of $7.12 billion, a P/E ratio of -95.00 and a beta of 1.26.

Klaviyo (NYSE:KVYO) last posted 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 1.12% and a negative net margin of 6.19%.The firm had revenue of $293.12 million during the quarter. As a group, analysts anticipate that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

Institutional Trading of Klaviyo

Institutional investors have recently made changes to their positions in the business. TFC Financial Management Inc. purchased a new stake in shares of Klaviyo during the first quarter worth about $27,000. CWM LLC grew its position in shares of Klaviyo by 227.5% during the first quarter. CWM LLC now owns 930 shares of the company’s stock worth $28,000 after purchasing an additional 646 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Klaviyo during the second quarter worth about $31,000. First Horizon Advisors Inc. purchased a new stake in shares of Klaviyo during the second quarter worth about $37,000. Finally, State of Wyoming purchased a new stake in shares of Klaviyo during the first quarter worth about $42,000. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on KVYO. Wells Fargo & Company began coverage on Klaviyo in a research report on Tuesday, September 30th. They set an “overweight” rating and a $40.00 price objective for the company. TD Cowen upped their price objective on Klaviyo from $45.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Piper Sandler reiterated an “overweight” rating and set a $50.00 price objective (down previously from $55.00) on shares of Klaviyo in a research report on Friday, September 26th. Robert W. Baird reduced their price objective on Klaviyo from $44.00 to $39.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Finally, Macquarie reiterated a “neutral” rating and set a $37.00 price objective on shares of Klaviyo in a research report on Wednesday, August 6th. Nineteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.30.

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.