Shrikrishna Venkataraman Sells 86,156 Shares of KnowBe4, Inc. (NASDAQ:KNBE) Stock

KnowBe4, Inc. (NASDAQ:KNBEGet Rating) Director Shrikrishna Venkataraman sold 86,156 shares of the firm’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $22.02, for a total value of $1,897,155.12. Following the completion of the sale, the director now directly owns 377,187 shares in the company, valued at approximately $8,305,657.74. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

KnowBe4 Price Performance

Shares of KNBE opened at $21.97 on Friday. The business has a 50-day moving average of $18.45 and a 200-day moving average of $19.15. KnowBe4, Inc. has a 1 year low of $13.78 and a 1 year high of $29.50. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 439.49, a price-to-earnings-growth ratio of 11.92 and a beta of 0.37.

KnowBe4 (NASDAQ:KNBEGet Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.04. KnowBe4 had a net margin of 2.60% and a return on equity of 8.93%. The firm had revenue of $80.76 million during the quarter, compared to analyst estimates of $79.34 million. As a group, sell-side analysts anticipate that KnowBe4, Inc. will post 0.04 EPS for the current year.

Institutional Trading of KnowBe4

A number of institutional investors have recently bought and sold shares of KNBE. Shannon River Fund Management LLC acquired a new position in shares of KnowBe4 in the 4th quarter valued at about $69,733,000. First Trust Advisors LP acquired a new position in KnowBe4 in the first quarter valued at approximately $68,140,000. Eventide Asset Management LLC bought a new position in shares of KnowBe4 during the 4th quarter worth approximately $66,205,000. Invesco Ltd. grew its position in shares of KnowBe4 by 38.6% during the 4th quarter. Invesco Ltd. now owns 5,651,516 shares of the company’s stock worth $129,646,000 after buying an additional 1,572,887 shares during the period. Finally, Crosslink Capital Inc. bought a new stake in shares of KnowBe4 in the 4th quarter valued at $27,429,000. Institutional investors own 43.22% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on KNBE shares. Needham & Company LLC raised their price objective on KnowBe4 from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, August 5th. DA Davidson initiated coverage on shares of KnowBe4 in a report on Wednesday, September 14th. They set a “buy” rating and a $25.00 price target on the stock. Piper Sandler dropped their price objective on shares of KnowBe4 from $29.00 to $25.00 in a research note on Wednesday, July 13th. Canaccord Genuity Group decreased their target price on shares of KnowBe4 from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, August 5th. Finally, Canaccord Genuity Group cut their price objective on KnowBe4 from $28.00 to $25.00 in a report on Monday, August 8th. Two 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, KnowBe4 has a consensus rating of “Moderate Buy” and a consensus target price of $28.07.

KnowBe4 Company Profile

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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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