KnowBe4 (NASDAQ:KNBE) Posts Earnings Results, Beats Expectations By $0.02 EPS

KnowBe4 (NASDAQ:KNBE – Get Rating) posted its earnings results on Tuesday. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02, MarketWatch Earnings reports. The firm had revenue of $75.03 million during the quarter, compared to the consensus estimate of $72.79 million. KnowBe4 had a negative net margin of 4.81% and a negative return on equity of 0.66%. The firm’s revenue for the quarter was up 40.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.01 EPS. KnowBe4 updated its FY 2022 guidance to EPS and its Q2 2022 guidance to EPS.

Shares of NASDAQ:KNBE traded up $0.71 on Wednesday, hitting $16.47. The stock had a trading volume of 37,839 shares, compared to its average volume of 934,114. The firm’s 50 day moving average price is $21.99 and its 200-day moving average price is $22.50. The company has a market capitalization of $2.88 billion and a price-to-earnings ratio of -142.26. KnowBe4 has a twelve month low of $13.78 and a twelve month high of $36.67.

In other KnowBe4 news, Director Kevin Klausmeyer sold 1,452 shares of the company’s stock in a transaction dated Tuesday, March 22nd. The shares were sold at an average price of $23.00, for a total transaction of $33,396.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 30,492 shares of company stock worth $709,738. 5.03% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley bought a new position in shares of KnowBe4 during the 2nd quarter worth approximately $192,000. Legal & General Group Plc acquired a new stake in KnowBe4 during the 4th quarter valued at $195,000. Royal Bank of Canada acquired a new stake in KnowBe4 during the 3rd quarter valued at $196,000. Cubist Systematic Strategies LLC acquired a new stake in KnowBe4 during the 3rd quarter valued at $232,000. Finally, Millennium Management LLC bought a new position in shares of KnowBe4 in the second quarter worth $330,000. 73.41% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on the stock. Cowen reissued a “buy” rating and issued a $35.00 price target on shares of KnowBe4 in a research report on Thursday, April 21st. Morgan Stanley boosted their price target on shares of KnowBe4 from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 17th. Cowen reaffirmed a “buy” rating and issued a $35.00 price target on shares of KnowBe4 in a report on Thursday, April 21st. Citigroup reduced their price target on shares of KnowBe4 from $25.00 to $19.00 in a report on Wednesday. Finally, Zacks Investment Research raised shares of KnowBe4 from a “sell” rating to a “hold” rating in a research note on Tuesday, March 1st. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $27.94.

About KnowBe4 (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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