Andrew Bialecki Sells 82,223 Shares of Klaviyo (NYSE:KVYO) Stock

Klaviyo, Inc. (NYSE:KVYO) CEO Andrew Bialecki sold 82,223 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $30.12, for a total transaction of $2,476,556.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 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 value 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 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 stock was 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 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 transaction of $7,492,641.10.

Klaviyo Price Performance

KVYO traded up $0.65 during mid-day trading on Thursday, hitting $30.13. The stock had a trading volume of 1,992,484 shares, compared to its average volume of 2,232,646. The stock’s fifty day simple moving average is $27.09 and its 200-day simple moving average is $30.70. The firm has a market capitalization of $9.10 billion, a price-to-earnings ratio of -125.54 and a beta of 1.18. Klaviyo, Inc. has a 1-year low of $23.44 and a 1-year high of $49.55.

Klaviyo (NYSE:KVYO) last announced 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. As a group, research analysts expect that Klaviyo, Inc. will post 0.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KVYO has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $45.00 price target on shares of Klaviyo in a report on Friday, September 26th. Cantor Fitzgerald decreased their price objective on Klaviyo from $48.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. The Goldman Sachs Group dropped their target price on shares of Klaviyo from $48.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Stifel Nicolaus cut their price target on shares of Klaviyo from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Finally, Jefferies Financial Group raised shares of Klaviyo to a “strong-buy” rating in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Klaviyo 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 business. Vanguard Group Inc. boosted its holdings in Klaviyo by 19.2% during the third quarter. Vanguard Group Inc. now owns 12,787,728 shares of the company’s stock worth $354,092,000 after purchasing an additional 2,059,550 shares during the last quarter. Alliancebernstein L.P. lifted its position in Klaviyo by 8.6% during the 3rd quarter. Alliancebernstein L.P. now owns 4,806,677 shares of the company’s stock worth $133,097,000 after buying an additional 382,428 shares in the last quarter. Sands Capital Alternatives LLC lifted its position in Klaviyo by 2.1% during the 2nd quarter. Sands Capital Alternatives LLC now owns 3,515,065 shares of the company’s stock worth $118,036,000 after buying an additional 71,550 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Klaviyo by 9.0% during the 2nd quarter. Federated Hermes Inc. now owns 2,911,007 shares of the company’s stock worth $97,752,000 after buying an additional 241,207 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Klaviyo by 123.4% in the 2nd quarter. American Century Companies Inc. now owns 2,685,480 shares of the company’s stock valued at $90,178,000 after acquiring an additional 1,483,427 shares in the last quarter. 45.43% of the stock is currently owned by institutional investors and hedge funds.

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.