KnowBe4’s (KNBE) “Buy” Rating Reaffirmed at Cowen

KnowBe4 (NASDAQ:KNBEGet Rating)‘s stock had its “buy” rating restated by stock analysts at Cowen in a note issued to investors on Thursday, Stock Target Advisor reports. They currently have a $35.00 price target on the stock. Cowen’s price target suggests a potential upside of 49.96% from the stock’s previous close.

A number of other research analysts have also recently commented on KNBE. Zacks Investment Research upgraded KnowBe4 from a “sell” rating to a “hold” rating in a research note on Tuesday, March 1st. Morgan Stanley raised their target price on KnowBe4 from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday, February 17th. Cowen reaffirmed a “buy” rating and set a $35.00 price objective on shares of KnowBe4 in a research report on Thursday. Finally, Piper Sandler reduced their price objective on KnowBe4 from $35.00 to $31.00 in a research report on Thursday, January 6th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $28.53.

NASDAQ KNBE traded down $1.02 on Thursday, hitting $23.34. The company’s stock had a trading volume of 996,827 shares, compared to its average volume of 930,530. KnowBe4 has a 52-week low of $16.77 and a 52-week high of $36.67. The company’s 50-day simple moving average is $21.58 and its 200 day simple moving average is $22.59. The firm has a market cap of $4.08 billion and a P/E ratio of -212.16.

KnowBe4 (NASDAQ:KNBEGet 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 analysts’ expectations of $67.09 million. KnowBe4 had a negative return on equity of 0.66% and a negative net margin of 4.81%. The business’s revenue was up 40.6% on a year-over-year basis. During the same quarter last year, the business posted $0.01 EPS. As a group, sell-side analysts anticipate that KnowBe4 will post -0.05 earnings per share for the current fiscal year.

In other news, Director Kevin Klausmeyer sold 2,904 shares of the firm’s stock in a transaction on Monday, April 4th. The stock was sold at an average price of $25.00, for a total value of $72,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 17,424 shares of company stock worth $410,350.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in KnowBe4 during the fourth quarter valued at $3,109,000. Walleye Capital LLC purchased a new position in shares of KnowBe4 in the fourth quarter valued at about $1,209,000. BlackRock Inc. lifted its position in shares of KnowBe4 by 155.9% in the fourth quarter. BlackRock Inc. now owns 808,490 shares of the company’s stock valued at $18,547,000 after acquiring an additional 492,546 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of KnowBe4 by 185.0% in the fourth quarter. Wells Fargo & Company MN now owns 28,771 shares of the company’s stock worth $660,000 after purchasing an additional 18,676 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in shares of KnowBe4 by 54.8% in the fourth quarter. Allianz Asset Management GmbH now owns 4,928,025 shares of the company’s stock worth $113,049,000 after purchasing an additional 1,744,179 shares during the last quarter. Institutional investors own 63.24% of the company’s stock.

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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