KnowBe4, Inc. (NASDAQ:KNBE) Shares Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC increased its stake in KnowBe4, Inc. (NASDAQ:KNBEGet Rating) by 57.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,918 shares of the company’s stock after buying an additional 2,532 shares during the quarter. Lazard Asset Management LLC’s holdings in KnowBe4 were worth $108,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of KNBE. Assetmark Inc. boosted its holdings in KnowBe4 by 144.8% in the second quarter. Assetmark Inc. now owns 1,941 shares of the company’s stock valued at $30,000 after purchasing an additional 1,148 shares during the last quarter. Nisa Investment Advisors LLC purchased a new position in KnowBe4 in the second quarter valued at about $37,000. Envestnet Asset Management Inc. boosted its holdings in KnowBe4 by 10.4% in the first quarter. Envestnet Asset Management Inc. now owns 25,747 shares of the company’s stock valued at $593,000 after purchasing an additional 2,431 shares during the last quarter. Citigroup Inc. boosted its holdings in KnowBe4 by 2.6% in the first quarter. Citigroup Inc. now owns 97,623 shares of the company’s stock valued at $2,247,000 after purchasing an additional 2,475 shares during the last quarter. Finally, Prospera Financial Services Inc purchased a new position in KnowBe4 in the first quarter valued at about $73,000. Institutional investors and hedge funds own 43.22% of the company’s stock.

Insider Buying and Selling

In other KnowBe4 news, insider Lars Letonoff sold 198,700 shares of the business’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $21.83, for a total transaction of $4,337,621.00. Following the completion of the transaction, the insider now directly owns 216,194 shares of the company’s stock, valued at approximately $4,719,515.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other KnowBe4 news, Director Shrikrishna Venkataraman sold 158,286 shares of KnowBe4 stock in a transaction on Monday, October 24th. The stock was sold at an average price of $24.52, for a total transaction of $3,881,172.72. Following the sale, the director now owns 377,187 shares of the company’s stock, valued at approximately $9,248,625.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lars Letonoff sold 198,700 shares of the business’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $21.83, for a total value of $4,337,621.00. Following the transaction, the insider now owns 216,194 shares of the company’s stock, valued at approximately $4,719,515.02. The disclosure for this sale can be found here. Insiders have sold a total of 522,149 shares of company stock valued at $11,973,049 in the last quarter. Company insiders own 5.03% of the company’s stock.

KnowBe4 Stock Performance

Shares of NASDAQ KNBE opened at $24.68 on Wednesday. The stock’s 50 day simple moving average is $23.09 and its 200 day simple moving average is $19.48. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 246.80, a price-to-earnings-growth ratio of 6.48 and a beta of 0.40. KnowBe4, Inc. has a 12-month low of $13.78 and a 12-month high of $26.00.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Citigroup increased their price target on KnowBe4 to $22.00 in a report on Tuesday, September 6th. UBS Group increased their price target on KnowBe4 from $19.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, September 20th. Truist Financial downgraded KnowBe4 from a “buy” rating to a “hold” rating and reduced their target price for the stock from $28.00 to $24.90 in a report on Wednesday, October 12th. Piper Sandler downgraded KnowBe4 from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 12th. Finally, Berenberg Bank downgraded KnowBe4 from a “buy” rating to a “hold” rating in a report on Friday, October 14th. Twelve research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $24.63.

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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