State Board of Administration of Florida Retirement System Makes New Investment in KnowBe4, Inc. (NASDAQ:KNBE)

State Board of Administration of Florida Retirement System acquired a new position in KnowBe4, Inc. (NASDAQ:KNBEGet Rating) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 20,790 shares of the company’s stock, valued at approximately $325,000.

Several other institutional investors and hedge funds have also bought and sold shares of KNBE. First Trust Advisors LP purchased a new stake in KnowBe4 in the first quarter worth about $68,140,000. Eventide Asset Management LLC lifted its holdings in KnowBe4 by 45.9% in the first 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. Allianz Asset Management GmbH lifted its holdings in shares of KnowBe4 by 15.3% during the first quarter. Allianz Asset Management GmbH now owns 5,680,645 shares of the company’s stock valued at $130,768,000 after purchasing an additional 752,620 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of KnowBe4 by 27.2% during the second quarter. Jennison Associates LLC now owns 2,089,372 shares of the company’s stock valued at $32,636,000 after purchasing an additional 446,416 shares during the last quarter. Finally, Royal Bank of Canada purchased a new position in shares of KnowBe4 during the first quarter valued at approximately $10,107,000. 43.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Citigroup lifted their target price on shares of KnowBe4 to $22.00 in a report on Tuesday, September 6th. TheStreet upgraded shares of KnowBe4 from a “d” rating to a “c-” rating in a report on Wednesday, October 12th. Cowen lowered shares of KnowBe4 from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $28.00 to $24.90 in a report on Tuesday, October 18th. DA Davidson lowered shares of KnowBe4 from a “buy” rating to a “neutral” rating and lowered their target price for the company from $25.00 to $24.90 in a report on Thursday, October 13th. Finally, Canaccord Genuity Group downgraded shares of KnowBe4 from a “buy” rating to a “hold” rating and reduced their price target for the company from $25.00 to $24.90 in a research report on Thursday, October 13th. Twelve research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.63.

Insiders Place Their Bets

In other KnowBe4 news, Director Kevin Klausmeyer sold 13,068 shares of KnowBe4 stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $24.63, for a total value of $321,864.84. Following the completion of the sale, the director now owns 11,812 shares of the company’s stock, valued at approximately $290,929.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other KnowBe4 news, Director Shrikrishna Venkataraman sold 158,286 shares of KnowBe4 stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $24.52, for a total value of $3,881,172.72. Following the completion of the sale, the director now owns 377,187 shares of the company’s stock, valued at approximately $9,248,625.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kevin Klausmeyer sold 13,068 shares of KnowBe4 stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $24.63, for a total transaction of $321,864.84. Following the completion of the sale, the director now directly owns 11,812 shares of the company’s stock, valued at approximately $290,929.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 522,149 shares of company stock valued at $11,973,049. Company insiders own 5.03% of the company’s stock.

KnowBe4 Trading Up 0.4 %

NASDAQ:KNBE opened at $24.68 on Monday. KnowBe4, Inc. has a 12 month low of $13.78 and a 12 month high of $26.00. The company has a market cap of $4.31 billion, a PE ratio of 246.80, a price-to-earnings-growth ratio of 6.48 and a beta of 0.40. The company has a 50 day simple moving average of $22.99 and a two-hundred day simple moving average of $19.49.

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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Institutional Ownership by Quarter for KnowBe4 (NASDAQ:KNBE)

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