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Klaviyo , Inc. (NYSE:KVYO) Chief Financial Officer Amanda Whalen recently sold shares of the company’s Series A Common Stock, according to a recent SEC filing. On March 14, Whalen sold a total of 15,000 shares, with transaction prices ranging from $32.92 to $33.54 per share, amounting to a total of $503,084. The sale comes as the stock has declined 22% year-to-date, though InvestingPro data shows the company maintains strong fundamentals with impressive gross profit margins of 76% and a "Good" financial health score. Following these transactions, Whalen owns 349,623 shares directly.
In addition to the sales, Whalen was awarded 208,116 restricted stock units (RSUs) on March 17, as part of Klaviyo’s 2023 Stock Option and Incentive Plan. These RSUs vest over a series of quarterly installments, contingent upon her continued service with the company. After these transactions, Whalen’s total holdings include 30,707 shares of Series A Common Stock and 527,032 unvested RSUs. According to InvestingPro’s comprehensive analysis, which includes 10+ additional investment insights and detailed valuation metrics, Klaviyo appears to be trading near its Fair Value, with analysts setting price targets between $42 and $60.
In other recent news, Klaviyo Inc has garnered attention following its impressive fourth-quarter performance, leading to several analyst firms raising their price targets. TD Cowen increased its target to $55, highlighting Klaviyo’s 34% growth in the quarter, which exceeded expectations. Similarly, Benchmark, Stifel, and Cantor Fitzgerald have all raised their price targets to $54, maintaining a Buy or Overweight rating, reflecting confidence in Klaviyo’s strategic initiatives and growth trajectory. Klaviyo’s Annual Recurring Revenue from customers contributing over $50,000 grew by 46% year-over-year, with a Net Revenue Retention rate stabilizing at 108%.
The company has also announced a first-quarter 2025 top-line outlook that surpassed analysts’ expectations, driven by strong customer additions and revenue growth, particularly in the EMEA region. Analysts have noted Klaviyo’s strategic pricing changes and increased SMS feature usage as key drivers of its strong performance. Despite the positive revenue news, Klaviyo is preparing for challenges, including incremental investments in new products and potential impacts on profit expectations for 2025. Klaviyo’s management plans to provide further details on its investment priorities during an upcoming livestreamed event.
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