Bank of America just raised its EUR/USD forecast
Rowland Stephen Eric, the President of Klaviyo , Inc. (NYSE:KVYO), recently executed a stock sale as reported in a filing with the Securities and Exchange Commission. On January 15, Eric sold 4,536 shares of Series A Common Stock at a weighted average price of $40.04 per share, amounting to a total transaction value of $181,621. The transaction comes as Klaviyo, currently valued at $10.7 billion, maintains impressive gross profit margins of 77.6%. According to InvestingPro analysis, the stock has delivered a strong 55.5% return over the past year.
This transaction was made under a Rule 10b5-1 trading plan, which had been adopted on March 6, 2024. Following this sale, Eric retains ownership of 260,403 shares of Series A Common Stock. Additionally, he holds 165,684 unvested restricted stock units (RSUs) awarded under Klaviyo's 2023 Stock Option and Incentive Plan.
In a related transaction, Eric also converted 78,154 shares of Series B Common Stock into Series A Common Stock, though this conversion did not involve any cash exchange.
In other recent news, Klaviyo Inc. has experienced substantial growth, with several financial firms raising their price targets. KeyBanc Capital Markets maintained its Overweight rating and raised its price target to $45.00, citing the company's strong momentum, which includes a 35.41% revenue growth. Needham also increased its price target to $46.00, reflecting confidence in Klaviyo's sales performance and growth potential. Loop Capital, Baird, and Cantor Fitzgerald followed suit, raising their price targets to $45, $45, and $47 respectively, while maintaining positive ratings on the company's stock.
These adjustments come
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.