Key Points
- CEO Andrew Bialecki sold 82,223 shares on Dec. 10 at an average price of $30.12 for $2.48M and, together with multiple other recent dispositions dating back to Sept. 23, has sold roughly $38.5 million of Klaviyo stock.
- Klaviyo shares opened at $30.13 (market cap ~$9.10B) and trade near their 200‑day moving average; analysts hold a consensus "Moderate Buy" rating with an average price target of about $42.90.
Klaviyo, Inc. (NYSE:KVYO - Get Free Report) CEO Andrew Bialecki sold 17,777 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $30.00, for a total value of $533,310.00. The transaction was disclosed in a legal filing with the SEC, which is available at 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 stock was sold at an average price of $30.12, for a total value 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 value 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 value 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 stock was 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 transaction 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 value of $7,492,641.10.
Klaviyo Price Performance
Klaviyo stock opened at $30.13 on Friday. The company has a market cap of $9.10 billion, a P/E ratio of -125.54 and a beta of 1.18. Klaviyo, Inc. has a fifty-two week low of $23.44 and a fifty-two week high of $49.55. The firm's 50 day simple moving average is $27.17 and its 200-day simple moving average is $30.69.
Klaviyo (NYSE:KVYO - Get Free Report) last posted its quarterly earnings data on Thursday, September 25th. The company reported $0.16 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 during the quarter. On average, analysts expect that Klaviyo, Inc. will post 0.04 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on KVYO. Benchmark reissued a "buy" rating on shares of Klaviyo in a research note on Tuesday, November 4th. Piper Sandler reissued an "overweight" rating and set a $45.00 target price (down previously from $50.00) on shares of Klaviyo in a research note on Thursday, November 6th. Jefferies Financial Group raised shares of Klaviyo to a "strong-buy" rating in a research note on Wednesday, October 22nd. KeyCorp lowered their target price on Klaviyo from $50.00 to $45.00 and set an "overweight" rating on the stock in a research note on Thursday, November 6th. Finally, Robert W. Baird upped 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. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Klaviyo currently has an average rating of "Moderate Buy" and an average target price of $42.90.
Check Out Our Latest Stock Report on Klaviyo
Institutional Trading of Klaviyo
A number of institutional investors and hedge funds have recently made changes to their positions in KVYO. Vanguard Group Inc. boosted its stake in shares of Klaviyo by 19.2% during the 3rd quarter. Vanguard Group Inc. now owns 12,787,728 shares of the company's stock worth $354,092,000 after acquiring an additional 2,059,550 shares in the last quarter. Cooper Creek Partners Management LLC acquired a new stake in shares of Klaviyo in the second quarter worth $57,109,000. Norges Bank bought a new stake in shares of Klaviyo during the 2nd quarter worth $52,629,000. American Century Companies Inc. boosted its holdings in shares of Klaviyo by 123.4% during the 2nd quarter. American Century Companies Inc. now owns 2,685,480 shares of the company's stock worth $90,178,000 after buying an additional 1,483,427 shares during the period. Finally, Fiera Capital Corp acquired a new position in Klaviyo in the 2nd quarter valued at $42,645,000. Institutional investors and hedge funds own 45.43% of the company's stock.
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
