Amanda Whalen, the Chief Financial Officer of Klaviyo , Inc. (NYSE:), recently executed a significant stock sale. On December 13, Whalen sold 15,000 shares of Series A Common Stock at a weighted average price of $39.39 per share, amounting to a total transaction value of approximately $590,850. The transaction comes as Klaviyo, now valued at $10.5 billion, trades near its 52-week high of $41. This sale was conducted under a pre-arranged 10b5-1 trading plan, which Whalen had adopted in August 2024. Following this transaction, Whalen holds 391,820 shares of Series A Common Stock, which includes both directly owned shares and unvested restricted stock units. According to InvestingPro, Klaviyo has demonstrated impressive performance with a 68% price return over the past six months and maintains strong gross profit margins of 78%. For deeper insights into Klaviyo’s valuation and comprehensive analysis, investors can access the detailed Pro Research Report, available exclusively on InvestingPro.
In other recent news, Klaviyo Inc. has been in the spotlight due to robust revenue growth and strategic initiatives. The company witnessed a significant 34% year-over-year revenue increase, exceeding analyst expectations. This growth is attributed to an influx of larger customers and expansion into international markets. Furthermore, Klaviyo has revised its compensation strategy, transitioning some stock-based compensation to cash, a move projected to reduce annual share dilution by approximately 8%-10%.
Several financial firms, including KeyBanc Capital Markets, Needham, Loop Capital, Baird, and Cantor Fitzgerald, have expressed confidence in Klaviyo’s growth trajectory. These firms have maintained positive ratings on Klaviyo’s stock while increasing their price targets, reflecting strong Q3 results. Stifel initiated coverage on Klaviyo with a Buy rating, indicating faith in the company’s growth potential.
Klaviyo has also announced a collaboration with TikTok to integrate its customer segmentation tools, aiming to enhance ad targeting. These recent developments highlight Klaviyo’s strong financial performance and strategic initiatives. However, these are just the latest updates, and no conclusions or summaries are being made in this article.
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