Klaviyo (NYSE:KVYO) CEO Andrew Bialecki Sells 17,777 Shares of Stock

by · The Cerbat Gem

Klaviyo, Inc. (NYSE:KVYO – Get Free Report) CEO Andrew Bialecki sold 17,777 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $30.00, for a total value of $533,310.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Wednesday, December 10th, Andrew Bialecki sold 82,223 shares of Klaviyo stock. The shares were sold at an average price of $30.12, for a total transaction 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 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 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 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 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 transaction of $7,492,641.10.

Klaviyo Stock Performance

Shares of KVYO stock opened at $30.13 on Friday. The firm has a market cap of $9.10 billion, a P/E ratio of -125.54 and a beta of 1.18. The firm’s 50 day moving average price is $27.17 and its 200-day moving average price is $30.69. Klaviyo, Inc. has a one year low of $23.44 and a one year high of $49.55.

Klaviyo (NYSE:KVYO – Get Free Report) last announced its earnings results on Thursday, September 25th. The company reported $0.16 earnings per share (EPS) for the quarter. Klaviyo had a negative return on equity of 1.00% and a negative net margin of 5.70%.The company had revenue of $293.12 million for the quarter. As a group, research analysts predict that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.

Analyst Ratings Changes

KVYO has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered their target price on Klaviyo from $48.00 to $41.00 and set a “buy” rating for the company in a report on Friday, November 7th. Zacks Research raised shares of Klaviyo from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. William Blair restated an “outperform” rating on shares of Klaviyo in a report on Monday, November 17th. Morgan Stanley upgraded shares of Klaviyo from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $40.00 to $50.00 in a report on Friday, September 19th. Finally, Weiss Ratings began coverage on shares of Klaviyo in a research report on Saturday, November 1st. They issued a “sell (d-)” rating for the company. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Klaviyo has a consensus rating of “Moderate Buy” and a consensus price target of $42.90.

Get Our Latest Research Report on KVYO

Institutional Investors Weigh In On Klaviyo

Several institutional investors and hedge funds have recently made changes to their positions in KVYO. Cetera Investment Advisers increased its holdings in Klaviyo by 58.5% during the 1st quarter. Cetera Investment Advisers now owns 10,656 shares of the company’s stock valued at $322,000 after acquiring an additional 3,932 shares in the last quarter. US Bancorp DE raised its holdings in shares of Klaviyo by 40.6% in the first quarter. US Bancorp DE now owns 6,792 shares of the company’s stock worth $206,000 after acquiring an additional 1,960 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Klaviyo by 9.7% in the first quarter. Vanguard Group Inc. now owns 8,467,933 shares of the company’s stock valued at $256,240,000 after acquiring an additional 746,078 shares in the last quarter. Swiss National Bank boosted its stake in shares of Klaviyo by 22.4% during the first quarter. Swiss National Bank now owns 139,800 shares of the company’s stock valued at $4,230,000 after acquiring an additional 25,600 shares during the last quarter. Finally, Invesco Ltd. acquired a new stake in Klaviyo during the first quarter worth approximately $204,000. 45.43% of the stock is currently owned by hedge funds and other institutional investors.

Klaviyo Company Profile

(Get Free Report)

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.

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