Boston—Edmund Landon, Chief Legal Officer Clavio Inc. (NYSE: ), recently sold a significant portion of its holdings in the company. Landon disposed of a total of 40,000 shares of Series A common stock on January 7, 2025, according to a filing with the Securities and Exchange Commission. The sale comes as Clavio, currently valued at $11.08 billion, trades near a 52-week high. $44.77, up more than 65% in the past six months. Investment Prof Analysis shows that the stock is trading above its fair value.
The transactions were executed under a Rule 10b5-1 business plan that Landon adopted on August 16, 2024. Shares were sold at prices ranging from $41.62 to $42.10 per share, for gross proceeds of approximately $1.67 million.
Following these sales, Landon retains ownership of 298,607 shares of Clavio, including 79,642 shares of Series A common stock and 218,965 unvested restricted stock units. The unvested units were awarded under Clavio’s 2023 stock option and incentive plan and represent the right to receive shares upon vesting and settlement.
Klaviyo, headquartered in Boston, specializes in providing prepackaged software services, and its stock trades on the New York Stock Exchange under the ticker symbol KVYO. For an in-depth look at Klaviyo’s financial health and growth prospects, including 10 additional exclusive protips, see Investment Prof.
In more recent news, Klaviyo Inc. has experienced a series of positive analyst adjustments following strong Q3 results. KeyBanc Capital Markets maintained its Overweight rating on Clavio and raised the price target to $45.00, indicating strong momentum for the company with 35.41% revenue growth. Needham raised its price target on Clavio to $46.00 due to the company’s solid sales performance. Loop Capital, Baird, and Cantor Fitzgerald also raised their price targets for Clavio to $45, $45, and $47, respectively, while maintaining positive ratings on the company’s stock.
The company reported revenue growth of 34% year-over-year, beating expectations. This growth has been attributed to significant growth in large customers and expansion into international markets. Clavio has also revised its compensation strategy, shifting some stock-based compensation to cash, which is expected to reduce annual share dilution by about 8%-10%.
Klaviyo also announced a collaboration with TikTok to integrate its customer segmentation tools, with the aim of streamlining ad targeting. These developments, along with the company’s strong financial performance, have put Clavio in the spotlight. Please note that these are recent developments and no conclusions or summaries are being drawn in this article.
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