Andrew Bialecki Sells 159,508 Shares of Klaviyo (NYSE:KVYO) Stock

Klaviyo, Inc. (NYSE:KVYO) CEO Andrew Bialecki sold 159,508 shares of Klaviyo stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $25.30, for a total transaction of $4,035,552.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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.
• 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 transaction of $7,323,457.70.
• On Tuesday, September 9th, Andrew Bialecki sold 220,481 shares of Klaviyo stock. The shares were sold at an average price of $31.96, for a total transaction of $7,046,572.76.
• On Tuesday, September 2nd, Andrew Bialecki sold 223,304 shares of Klaviyo stock. The shares were sold at an average price of $31.00, for a total transaction of $6,922,424.00.
• On Tuesday, August 26th, Andrew Bialecki sold 226,702 shares of Klaviyo stock. The shares were sold at an average price of $31.50, for a total transaction of $7,141,113.00.

Klaviyo Stock Performance

Shares of KVYO opened at $24.51 on Friday. The stock has a market capitalization of $7.35 billion, a P/E ratio of -98.02 and a beta of 1.26. The company’s fifty day moving average is $31.14 and its two-hundred day moving average is $31.58. Klaviyo, Inc. has a 1 year low of $23.77 and a 1 year high of $49.55.

Klaviyo (NYSE:KVYO) last announced its quarterly earnings data on Thursday, September 25th. The company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $293.12 million for the quarter. Klaviyo had a negative net margin of 6.19% and a negative return on equity of 1.12%. Sell-side analysts predict that Klaviyo, Inc. will post 0.04 EPS for the current year.

Institutional Investors Weigh In On Klaviyo

Several institutional investors and hedge funds have recently made changes to their positions in the business. Main Management ETF Advisors LLC boosted its position in shares of Klaviyo by 1.7% in the 2nd quarter. Main Management ETF Advisors LLC now owns 22,723 shares of the company’s stock worth $763,000 after buying an additional 372 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Klaviyo by 22.7% in the 1st quarter. Advisors Asset Management Inc. now owns 2,731 shares of the company’s stock worth $83,000 after buying an additional 506 shares in the last quarter. CWM LLC boosted its position in shares of Klaviyo by 227.5% in the 1st quarter. CWM LLC now owns 930 shares of the company’s stock worth $28,000 after buying an additional 646 shares in the last quarter. Cabot Wealth Management Inc. boosted its position in shares of Klaviyo by 1.0% in the 1st quarter. Cabot Wealth Management Inc. now owns 90,126 shares of the company’s stock worth $2,727,000 after buying an additional 854 shares in the last quarter. Finally, Petrus Trust Company LTA boosted its position in shares of Klaviyo by 7.0% in the 1st quarter. Petrus Trust Company LTA now owns 13,439 shares of the company’s stock worth $407,000 after buying an additional 884 shares in the last quarter. 45.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on KVYO shares. Morgan Stanley raised shares of Klaviyo from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $40.00 to $50.00 in a research note on Friday, September 19th. Piper Sandler reissued an “overweight” rating and issued a $50.00 price objective (down from $55.00) on shares of Klaviyo in a research note on Friday, September 26th. Stifel Nicolaus dropped their price objective on shares of Klaviyo from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, July 15th. Zacks Research upgraded shares of Klaviyo to a “strong sell” rating in a research report on Friday, August 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $45.00 target price on shares of Klaviyo in a research report on Friday, September 26th. Nineteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Klaviyo currently has a consensus rating of “Moderate Buy” and an average 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.