Klaviyo (KVYO) Slashes 7.8% as CEO Sells $7.5-Million Stake

We recently published 10 Big Names Investors Are Dumping. Klaviyo Inc. (NYSE:KVYO) is one of the companies that heavily bled in Thursday’s trading.

Klaviyo dropped its share prices by 7.83 percent on Thursday to end at $32.50 as investors unloaded portfolios following its chief executive’s disposition of shares in the company.

In a regulatory filing, Klaviyo Inc. (NYSE:KVYO) said that its chief executive officer, Andrew Bialecki, sold $7.49 million of his shares in the company on Tuesday, September 23.

The transaction covered 211,358 shares at a price of $35.01 to $35.52 each and was executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 20, 2025.

Following the sale, Bialecki was left with only 29,805 direct shares in the company, but retains more than 8.59 million indirect shares.

In other news, Klaviyo Inc. (NYSE:KVYO) on Thursday introduced two AI-powered tools—Marketing Agent and Customer Agent—both built on its own data platform.

According to Klaviyo Inc. (NYSE:KVYO), Marketing Agent is a tool capable of automating campaign planning and execution, while Customer Agent can assist customers 24/7.

While we acknowledge the potential of KVYO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.