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

Klaviyo, Inc. (NYSE:KVYO) CEO Andrew Bialecki sold 82,223 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $30.12, for a total value of $2,476,556.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 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 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.
• 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 value 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.

Klaviyo Stock Performance

Shares of NYSE:KVYO opened at $29.77 on Friday. The firm has a market cap of $8.99 billion, a price-to-earnings ratio of -124.03 and a beta of 1.18. The business has a 50-day simple moving average of $27.25 and a two-hundred day simple moving average of $30.67. 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 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 firm had revenue of $293.12 million for the quarter. As a group, research analysts predict that Klaviyo, Inc. will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Main Management ETF Advisors LLC raised its holdings in shares of Klaviyo by 1.7% during the 2nd quarter. Main Management ETF Advisors LLC now owns 22,723 shares of the company’s stock worth $763,000 after acquiring an additional 372 shares in the last quarter. Natixis Advisors LLC increased its position in Klaviyo by 3.4% in the third quarter. Natixis Advisors LLC now owns 11,397 shares of the company’s stock worth $316,000 after purchasing an additional 372 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Klaviyo by 5.3% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 9,312 shares of the company’s stock valued at $258,000 after purchasing an additional 469 shares in the last quarter. Advisors Asset Management Inc. lifted its position in Klaviyo by 22.7% during the first quarter. Advisors Asset Management Inc. now owns 2,731 shares of the company’s stock valued at $83,000 after purchasing an additional 506 shares during the last quarter. Finally, Pathstone Holdings LLC grew its stake in shares of Klaviyo by 0.5% in the 3rd quarter. Pathstone Holdings LLC now owns 173,931 shares of the company’s stock worth $4,816,000 after buying an additional 858 shares in the last quarter. 45.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on KVYO shares. Morgan Stanley raised Klaviyo from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $40.00 to $50.00 in a report on Friday, September 19th. The Goldman Sachs Group reduced their price objective on Klaviyo from $48.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Robert W. Baird raised their target price on Klaviyo from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Cantor Fitzgerald cut their price target on Klaviyo from $48.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Finally, Wall Street Zen cut shares of Klaviyo from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.90.

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.