Bank of America just raised its EUR/USD forecast
BOSTON—Rowland Stephen Eric, President of Klaviyo , Inc. (NYSE:KVYO), a marketing automation company with impressive 76% gross margins and annual revenue of $937 million, sold a substantial portion of the company’s Series A Common Stock on March 7, according to a recent SEC filing. The transactions, executed under a pre-established trading plan, involved the sale of 36,710 shares totaling approximately $1,287,929.
The sales were carried out in multiple transactions with prices ranging from $34.24 to $37.18 per share, amid a challenging period that saw the stock decline 13% over the past week. Following these transactions, Rowland holds 246,254 shares of Klaviyo, comprising both directly owned shares and unvested restricted stock units. According to InvestingPro analysis, the company maintains strong financial health with a current ratio of 4.9x and more cash than debt on its balance sheet.
These sales were made as part of a Rule 10b5-1 trading plan, which allows company insiders to sell stock at predetermined times to avoid potential conflicts of interest. InvestingPro subscribers can access 12 additional key insights about Klaviyo, including detailed analysis of its growth prospects and valuation metrics, along with a comprehensive Pro Research Report available exclusively on the platform.
In other recent news, Klaviyo Inc has received positive evaluations from multiple analyst firms following its impressive financial performance and strategic initiatives. Benchmark raised its price target for Klaviyo to $54, maintaining a Buy rating, highlighting the company’s strong fourth-quarter results and growth in high-value customer segments. Similarly, Stifel upgraded its price target to $54, citing the company’s largest revenue beat of the year and robust performance in international markets. Cantor Fitzgerald also increased its price target to $54, noting Klaviyo’s ability to meet market expectations and its favorable risk/reward balance. TD Cowen showed increased confidence by raising its price target to $55, reflecting Klaviyo’s 34% growth in the fourth quarter, which exceeded projections.
Needham maintained a Buy rating with a $56 target, impressed by Klaviyo’s focus on B2C CRM systems and vertical integration. Klaviyo’s Annual Recurring Revenue from high-value customers grew by 46% year-over-year, with a stabilization in Net Revenue Retention rates. The company is planning incremental investments in new products and verticals, which may impact profit expectations for 2025. Analysts have noted Klaviyo’s strategic pricing changes and SMS feature usage as key drivers of its recent success. These developments underscore Klaviyo’s strong trajectory and the confidence analysts have in its future growth.
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