Allspring Global Investments Holdings LLC Takes Position in KnowBe4, Inc. (NASDAQ:KNBE)

Allspring Global Investments Holdings LLC acquired a new stake in KnowBe4, Inc. (NASDAQ:KNBE – Get Rating) in the 3rd quarter, HoldingsChannel reports. The fund acquired 40,040 shares of the company’s stock, valued at approximately $833,000.

Several other large investors also recently made changes to their positions in the stock. FNY Investment Advisers LLC acquired a new stake in shares of KnowBe4 in the 3rd quarter valued at approximately $85,000. Amundi boosted its holdings in shares of KnowBe4 by 16.7% in the 2nd quarter. Amundi now owns 218,322 shares of the company’s stock valued at $3,460,000 after buying an additional 31,263 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of KnowBe4 in the 2nd quarter valued at approximately $182,000. Legal & General Group Plc boosted its holdings in shares of KnowBe4 by 283.0% in the 2nd quarter. Legal & General Group Plc now owns 32,583 shares of the company’s stock valued at $509,000 after buying an additional 24,076 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of KnowBe4 in the 2nd quarter valued at approximately $919,000. Institutional investors and hedge funds own 91.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Cowen downgraded KnowBe4 from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $28.00 to $24.90 in a report on Tuesday, October 18th. DA Davidson cut KnowBe4 from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $25.00 to $24.90 in a research report on Thursday, October 13th. Needham & Company LLC cut KnowBe4 from a “buy” rating to a “hold” rating in a research report on Wednesday, October 12th. Truist Financial cut KnowBe4 from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $28.00 to $24.90 in a research report on Wednesday, October 12th. Finally, Piper Sandler cut KnowBe4 from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 12th. Twelve investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, KnowBe4 currently has a consensus rating of “Hold” and a consensus price target of $24.63.

Insider Activity

In other news, Director Kevin Klausmeyer sold 13,068 shares of the firm’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $24.66, for a total transaction of $322,256.88. Following the completion of the transaction, the director now owns 11,812 shares of the company’s stock, valued at $291,283.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.03% of the company’s stock.

KnowBe4 Price Performance

Shares of NASDAQ:KNBE opened at $24.83 on Monday. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 248.30, a PEG ratio of 4.95 and a beta of 0.36. The firm has a 50 day simple moving average of $24.74 and a 200 day simple moving average of $21.78. KnowBe4, Inc. has a one year low of $13.78 and a one year high of $26.00.

KnowBe4 (NASDAQ:KNBE – Get Rating) last issued its quarterly earnings data on Monday, November 14th. The company reported $0.05 EPS for the quarter. The business had revenue of $85.84 million during the quarter, compared to the consensus estimate of $85.69 million. KnowBe4 had a net margin of 5.02% and a return on equity of 11.31%. As a group, analysts expect that KnowBe4, Inc. will post 0.11 EPS for the current year.

About KnowBe4

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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.