Key Points
- CEO Andrew Bialecki sold 142,045 shares of Klaviyo on Dec. 2 at an average of $28.62 for about $4.07 million, and has executed multiple other large insider sales since September, each worth several million dollars.
- Klaviyo stock opened at $30.22, trades in a 12‑month range of $23.44–$49.55 with a $9.12 billion market cap, and carries a consensus analyst rating of Moderate Buy with a $42.90 price target; the company last reported $293.1 million in revenue and $0.16 EPS for the quarter but a negative net margin of 5.7%.
Klaviyo, Inc. (NYSE:KVYO - Get Free Report) CEO Andrew Bialecki sold 142,045 shares of the firm's stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $28.62, for a total value of $4,065,327.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Andrew Bialecki also recently made the following trade(s):
- 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 value of $28,560.00.
- 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 value of $4,001,455.64.
- On Tuesday, October 14th, Andrew Bialecki sold 163,331 shares of Klaviyo stock. The stock was 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 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.
- On Tuesday, September 16th, Andrew Bialecki sold 226,382 shares of Klaviyo stock. The stock was 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.
Klaviyo Stock Up 0.8%
NYSE:KVYO opened at $30.22 on Friday. Klaviyo, Inc. has a 12-month low of $23.44 and a 12-month high of $49.55. The stock's 50 day moving average price is $27.05 and its two-hundred day moving average price is $30.83. The firm has a market capitalization of $9.12 billion, a price-to-earnings ratio of -125.89 and a beta of 1.18.
Klaviyo (NYSE:KVYO - Get Free Report) 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 return on equity of 1.00% and a negative net margin of 5.70%.The business had revenue of $293.12 million during the quarter. Equities research analysts expect that Klaviyo, Inc. will post 0.04 EPS for the current year.
Hedge Funds Weigh In On Klaviyo
Hedge funds and other institutional investors have recently modified their holdings of the company. Cantor Fitzgerald L. P. purchased a new position in shares of Klaviyo during the 3rd quarter valued at about $637,000. JPMorgan Chase & Co. grew its stake in shares of Klaviyo by 12.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,907,831 shares of the company's stock worth $52,828,000 after buying an additional 214,977 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Klaviyo by 1,650.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company's stock valued at $27,000 after buying an additional 908 shares in the last quarter. Sender Co & Partners Inc. purchased a new stake in shares of Klaviyo during the 3rd quarter valued at about $215,000. Finally, Dark Forest Capital Management LP bought a new position in shares of Klaviyo in the 3rd quarter valued at about $791,000. 45.43% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. Benchmark reaffirmed a "buy" rating on shares of Klaviyo in a report on Tuesday, November 4th. Citigroup raised shares of Klaviyo from a "neutral" rating to a "buy" rating and lifted their price target for the company from $40.00 to $50.00 in a research note on Thursday, August 7th. The Goldman Sachs Group dropped their target price on Klaviyo from $48.00 to $41.00 and set a "buy" rating on the stock in a report on Friday, November 7th. Macquarie reduced their target price on shares of Klaviyo from $37.00 to $30.00 and set a "neutral" rating for the company in a research report on Tuesday, November 11th. Finally, Robert W. Baird increased their price objective on Klaviyo from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Thursday, November 6th. 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. According to data from MarketBeat.com, Klaviyo has a consensus rating of "Moderate Buy" and a consensus price target of $42.90.
Read Our Latest Stock Report on KVYO
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.
Further Reading
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