Eventide Asset Management LLC Acquires 1,325,983 Shares of KnowBe4, Inc. (NASDAQ:KNBE)

Eventide Asset Management LLC grew its holdings in KnowBe4, Inc. (NASDAQ:KNBEGet Rating) by 45.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,211,983 shares of the company’s stock after acquiring an additional 1,325,983 shares during the period. KnowBe4 accounts for approximately 1.5% of Eventide Asset Management LLC’s holdings, making the stock its 26th largest position. Eventide Asset Management LLC owned about 2.41% of KnowBe4 worth $96,960,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in KNBE. Invesco Ltd. boosted its holdings in shares of KnowBe4 by 1.3% during the 1st quarter. Invesco Ltd. now owns 5,722,352 shares of the company’s stock worth $131,728,000 after buying an additional 70,836 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of KnowBe4 by 15.3% during the 1st quarter. Allianz Asset Management GmbH now owns 5,680,645 shares of the company’s stock worth $130,768,000 after buying an additional 752,620 shares during the period. Vanguard Group Inc. boosted its holdings in shares of KnowBe4 by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 3,496,735 shares of the company’s stock worth $80,495,000 after buying an additional 104,493 shares during the period. Shannon River Fund Management LLC bought a new stake in shares of KnowBe4 during the 4th quarter worth $69,733,000. Finally, First Trust Advisors LP bought a new stake in shares of KnowBe4 during the 1st quarter worth $68,140,000. 43.22% of the stock is owned by institutional investors.

KnowBe4 Stock Performance

Shares of KNBE stock opened at $19.41 on Tuesday. KnowBe4, Inc. has a 52-week low of $13.78 and a 52-week high of $29.50. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 388.28 and a beta of 0.37. The firm has a fifty day moving average of $17.86 and a 200-day moving average of $19.13.

KnowBe4 (NASDAQ:KNBEGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. KnowBe4 had a net margin of 2.60% and a return on equity of 8.93%. The company had revenue of $80.76 million during the quarter, compared to analysts’ expectations of $79.34 million. On average, sell-side analysts predict that KnowBe4, Inc. will post 0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Stephens assumed coverage on shares of KnowBe4 in a report on Wednesday, May 25th. They set an “overweight” rating and a $25.00 price objective for the company. Needham & Company LLC increased their price target on shares of KnowBe4 from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday, August 5th. Citigroup increased their price target on shares of KnowBe4 to $22.00 in a report on Tuesday, September 6th. Piper Sandler reduced their price target on shares of KnowBe4 from $29.00 to $25.00 in a report on Wednesday, July 13th. Finally, Canaccord Genuity Group reduced their price target on shares of KnowBe4 from $28.00 to $25.00 in a report on Monday, August 8th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, KnowBe4 has an average rating of “Moderate Buy” and a consensus price target of $28.67.

Insider Buying and Selling

In related news, Director Kevin Klausmeyer sold 2,904 shares of the stock in a transaction dated Thursday, July 7th. The shares were sold at an average price of $17.00, for a total transaction of $49,368.00. Following the completion of the sale, the director now owns 11,812 shares in the company, valued at approximately $200,804. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 23,232 shares of company stock worth $432,489 in the last quarter. 5.03% of the stock is owned by corporate insiders.

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.

See Also

Institutional Ownership by Quarter for KnowBe4 (NASDAQ:KNBE)

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