KnowBe4 (NASDAQ:KNBE) Shares Gap Up to $17.30

KnowBe4, Inc. (NASDAQ:KNBEGet Rating)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $17.30, but opened at $17.65. KnowBe4 shares last traded at $21.97, with a volume of 123,458 shares.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Stephens began coverage on shares of KnowBe4 in a report on Wednesday, May 25th. They issued an “overweight” rating and a $25.00 price objective on the stock. UBS Group lifted their price target on shares of KnowBe4 from $19.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday. Piper Sandler reduced their price objective on shares of KnowBe4 from $29.00 to $25.00 in a research note on Wednesday, July 13th. Needham & Company LLC lifted their target price on KnowBe4 from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Finally, Citigroup increased their price target on KnowBe4 to $22.00 in a research report on Tuesday, September 6th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.07.

KnowBe4 Stock Down 0.8 %

The stock has a market cap of $3.84 billion, a P/E ratio of 440.09, a price-to-earnings-growth ratio of 10.86 and a beta of 0.37. The firm has a 50 day simple moving average of $18.21 and a 200-day simple moving average of $19.11.

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

Insider Activity

In related news, Director Kevin Klausmeyer sold 2,904 shares of KnowBe4 stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $17.34, for a total transaction of $50,355.36. Following the completion of the sale, the director now owns 11,812 shares of the company’s stock, valued at approximately $204,820.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 23,232 shares of company stock valued at $432,489 over the last ninety days. 5.03% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On KnowBe4

Institutional investors have recently made changes to their positions in the company. Amundi increased its stake in shares of KnowBe4 by 16.7% during the second quarter. Amundi now owns 218,322 shares of the company’s stock worth $3,460,000 after purchasing an additional 31,263 shares during the period. Verition Fund Management LLC acquired a new position in KnowBe4 in the 2nd quarter valued at $182,000. Legal & General Group Plc increased its position in KnowBe4 by 283.0% during the 2nd quarter. Legal & General Group Plc now owns 32,583 shares of the company’s stock worth $509,000 after buying an additional 24,076 shares during the period. Walleye Capital LLC acquired a new stake in shares of KnowBe4 during the second quarter worth $919,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in shares of KnowBe4 in the second quarter valued at about $285,000. Institutional investors own 43.22% of the company’s stock.

About KnowBe4

(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.

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