Klaviyo (NYSE:KVYO) CEO Andrew Bialecki Sells 952 Shares of Stock

Klaviyo, Inc. (NYSE:KVYO) CEO Andrew Bialecki sold 952 shares of the stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $30.00, for a total value of $28,560.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• 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 stock was 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 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 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 shares were 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.

Klaviyo Stock Performance

KVYO stock traded up $0.57 during mid-day trading on Friday, reaching $30.55. The company had a trading volume of 203,636 shares, compared to its average volume of 2,220,764. The firm has a fifty day simple moving average of $27.05 and a 200 day simple moving average of $30.83. The company has a market capitalization of $9.22 billion, a price-to-earnings ratio of -127.12 and a beta of 1.18. Klaviyo, Inc. has a fifty-two week low of $23.44 and a fifty-two week high of $49.55.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KVYO. Needham & Company LLC restated a “buy” rating and issued a $45.00 price objective on shares of Klaviyo in a report on Friday, September 26th. Cantor Fitzgerald dropped their target price on Klaviyo from $48.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Wells Fargo & Company started coverage on Klaviyo in a report on Tuesday, September 30th. They set an “overweight” rating and a $40.00 price target for the company. Truist Financial set a $45.00 price objective on Klaviyo in a report on Tuesday, November 25th. Finally, Benchmark reissued a “buy” rating on shares of Klaviyo in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.90.

Institutional Trading of Klaviyo

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Klaviyo by 19.2% in the 3rd quarter. Vanguard Group Inc. now owns 12,787,728 shares of the company’s stock valued at $354,092,000 after purchasing an additional 2,059,550 shares during the period. Alliancebernstein L.P. lifted its stake in Klaviyo by 8.6% in the third quarter. Alliancebernstein L.P. now owns 4,806,677 shares of the company’s stock valued at $133,097,000 after buying an additional 382,428 shares during the last quarter. Sands Capital Alternatives LLC lifted its stake in Klaviyo by 2.1% in the second quarter. Sands Capital Alternatives LLC now owns 3,515,065 shares of the company’s stock valued at $118,036,000 after buying an additional 71,550 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Klaviyo by 9.0% in the second quarter. Federated Hermes Inc. now owns 2,911,007 shares of the company’s stock valued at $97,752,000 after acquiring an additional 241,207 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Klaviyo by 123.4% during the second quarter. American Century Companies Inc. now owns 2,685,480 shares of the company’s stock worth $90,178,000 after acquiring an additional 1,483,427 shares during the last quarter. Institutional investors and hedge funds own 45.43% of the company’s stock.

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.