KnowBe4, Inc. (NASDAQ:KNBE) Receives Average Rating of “Buy” from Brokerages

KnowBe4, Inc. (NASDAQ:KNBE – Get Rating) has received an average rating of “Buy” from the fifteen research firms that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $27.83.

KNBE has been the subject of several research reports. Morgan Stanley raised their price objective on KnowBe4 from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 17th. Piper Sandler decreased their target price on KnowBe4 from $35.00 to $31.00 in a research report on Thursday, January 6th. Finally, Zacks Investment Research raised KnowBe4 from a “sell” rating to a “hold” rating in a research report on Tuesday, March 1st.

In other KnowBe4 news, Director Kevin Klausmeyer sold 1,223 shares of the firm’s stock in a transaction dated Thursday, January 13th. The stock was sold at an average price of $23.00, for a total transaction of $28,129.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 18,647 shares of company stock valued at $438,479.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Daiwa Securities Group Inc. bought a new position in shares of KnowBe4 in the third quarter worth about $62,000. Freemont Management S.A. bought a new position in shares of KnowBe4 in the third quarter worth about $101,000. Captrust Financial Advisors bought a new position in shares of KnowBe4 in the third quarter worth about $103,000. Acadian Asset Management LLC bought a new position in shares of KnowBe4 in the fourth quarter worth about $107,000. Finally, Shell Asset Management Co. acquired a new stake in KnowBe4 during the fourth quarter worth about $180,000. Institutional investors own 63.24% of the company’s stock.

Shares of KNBE traded up $1.14 during trading hours on Thursday, hitting $24.23. 477,895 shares of the company were exchanged, compared to its average volume of 948,554. The company has a market capitalization of $4.23 billion and a PE ratio of -220.25. The firm has a fifty day simple moving average of $21.57 and a 200-day simple moving average of $22.51. KnowBe4 has a one year low of $16.77 and a one year high of $36.67.

KnowBe4 (NASDAQ:KNBE – Get Rating) last released its quarterly earnings data on Wednesday, February 16th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.06. The business had revenue of $69.30 million during the quarter, compared to analyst estimates of $67.09 million. KnowBe4 had a negative return on equity of 0.66% and a negative net margin of 4.81%. The company’s revenue was up 40.6% compared to the same quarter last year. During the same period last year, the company posted $0.01 EPS. Equities analysts anticipate that KnowBe4 will post -0.05 earnings per share for the current fiscal year.

KnowBe4 Company Profile (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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