BOSTON—Edmond Landon, Chief Legal Officer of keyboard Inc. (NYSE:), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Landon sold a total of 40,000 shares of Series A Common Stock on January 7, 2025. The sale comes as Klaviyo, which is currently worth $11.08 billion , trading near a 52-week high of $44.77, having gained more than 65% in the past six months. InvestingPro The analysis shows that the stock is trading above its Fair Value.

The transactions were executed under a Rule 10b5-1 trading plan adopted by Landon on August 16, 2024. The shares were traded at prices ranging from $41.62 to $42.10 per share, generating total proceeds of approximately husband of $1.67 million.

Following these sales, Landon retained ownership of 298,607 shares of Klaviyo, including 79,642 shares of Series A Common Stock and 218,965 unvested restricted stock units. The unvested units were awarded under Klaviyo’s 2023 Stock Option and Incentive Plan and represent a contingent right to receive shares after vesting and settlement.

Klaviyo, headquartered in Boston, specializes in providing prepackaged software services, and its stock is traded on the New York Stock Exchange under the ticker symbol KVYO. For deeper insights into Klaviyo’s financial health and growth, including 10 additional exclusive ProTips, visit InvestingPro.

In other recent news, Klaviyo Inc. experienced a series of positive analyst adjustments after strong Q3 results. KeyBanc Capital Markets maintained its Overweight rating on Klaviyo and raised its price target to $45.00, indicating strong momentum for the company with a notable 35.41% earnings growth. Needham also raised Klaviyo’s target to $46.00 due to the company’s strong sales performance. Loop Capital, Baird, and Cantor Fitzgerald also raised their price targets for Klaviyo to $45, $45, and $47 respectively, maintaining positive ratings on the company’s stock.

The company reported a 34% year-over-year increase in revenue, which exceeded expectations. This growth is attributed to a significant increase in the number of customers and the expansion of international markets. Klaviyo also changed its compensation strategy, shifting some stock-based compensation to cash, a move expected to reduce annual share dilution by approximately 8%-10%.

Klaviyo also announced a collaboration with TikTok to integrate customer segmentation tools, aiming to streamline ad targeting. These developments, along with the company’s strong financial performance, keep Klaviyo in the spotlight. Please note that these are recent developments and no conclusions or summaries are made in this article.

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