KnowBe4 (NASDAQ:KNBE) PT Raised to $22.00

KnowBe4 (NASDAQ:KNBEGet Rating) had its price target increased by Citigroup to $22.00 in a research note published on Tuesday morning, Stock Target Advisor reports.

Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity Group dropped their target price on shares of KnowBe4 from $28.00 to $25.00 and set a buy rating for the company in a research report on Friday, August 5th. Piper Sandler dropped their target price on shares of KnowBe4 from $29.00 to $25.00 in a research report on Wednesday, July 13th. Stephens assumed coverage on shares of KnowBe4 in a report on Wednesday, May 25th. They set an overweight rating and a $25.00 price objective on the stock. Canaccord Genuity Group decreased their price objective on shares of KnowBe4 from $28.00 to $25.00 in a report on Monday, August 8th. Finally, Needham & Company LLC increased their price objective on shares of KnowBe4 from $23.00 to $24.00 and gave the stock a buy rating in a report on Friday, August 5th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $28.67.

KnowBe4 Stock Performance

Shares of KNBE stock opened at $17.89 on Tuesday. KnowBe4 has a 52-week low of $13.78 and a 52-week high of $29.50. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 357.87 and a beta of 0.37. The firm has a fifty day moving average of $17.60 and a 200-day moving average of $19.23.

KnowBe4 (NASDAQ:KNBEGet Rating) last announced its earnings results on Thursday, August 4th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $80.76 million during the quarter, compared to analysts’ expectations of $79.34 million. KnowBe4 had a net margin of 2.60% and a return on equity of 8.93%. On average, sell-side analysts predict that KnowBe4 will post 0.02 earnings per share for the current year.

Insider Activity

In other news, Director Kevin Klausmeyer sold 2,904 shares of the firm’s stock in a transaction dated Thursday, July 7th. The shares were sold at an average price of $17.00, for a total value of $49,368.00. Following the transaction, the director now owns 11,812 shares of the company’s stock, valued at approximately $200,804. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 17,624 shares of company stock valued at $325,713. 5.03% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Allianz Asset Management GmbH boosted its stake in KnowBe4 by 10.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 6,264,292 shares of the company’s stock worth $97,848,000 after acquiring an additional 583,647 shares during the last quarter. Invesco Ltd. boosted its stake in KnowBe4 by 1.3% during the 1st quarter. Invesco Ltd. now owns 5,722,352 shares of the company’s stock worth $131,728,000 after acquiring an additional 70,836 shares during the last quarter. Eventide Asset Management LLC raised its holdings in KnowBe4 by 45.9% during the 1st quarter. Eventide Asset Management LLC now owns 4,211,983 shares of the company’s stock worth $96,960,000 after buying an additional 1,325,983 shares during the period. Vanguard Group Inc. raised its holdings in KnowBe4 by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 3,496,735 shares of the company’s stock worth $80,495,000 after buying an additional 104,493 shares during the period. Finally, Shannon River Fund Management LLC acquired a new stake in KnowBe4 during the 4th quarter worth approximately $69,733,000. Institutional investors own 43.22% of the company’s stock.

KnowBe4 Company Profile

(Get Rating)

KnowBe4, Inc engages in the development, marketing, and sale of its Software-as-a-Service-based security awareness platform. The company provides a platform incorporating security awareness training and simulated phishing with analytics and reporting that helps organizations manage the ongoing problem of social engineering.

See Also

Analyst Recommendations for KnowBe4 (NASDAQ:KNBE)

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