KnowBe4, Inc. (NASDAQ:KNBE – Get Rating) shares gapped up before the market opened on Monday . The stock had previously closed at $17.30, but opened at $17.65. KnowBe4 shares last traded at $21.97, with a volume of 123,458 shares traded.
Analyst Upgrades and Downgrades
KNBE has been the topic of a number of recent analyst reports. Piper Sandler decreased their price target on KnowBe4 from $29.00 to $25.00 in a research report on Wednesday, July 13th. Citigroup boosted their target price on shares of KnowBe4 to $22.00 in a research report on Tuesday, September 6th. Needham & Company LLC increased their price target on shares of KnowBe4 from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. UBS Group boosted their price objective on shares of KnowBe4 from $19.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Canaccord Genuity Group reduced their target price on KnowBe4 from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, August 5th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.07.
KnowBe4 Trading Down 0.8 %
The business has a 50-day moving average of $18.21 and a two-hundred day moving average of $19.11. The firm has a market cap of $3.84 billion, a P/E ratio of 440.09, a price-to-earnings-growth ratio of 10.86 and a beta of 0.37.
Insider Buying and Selling at KnowBe4
In other news, Director Kevin Klausmeyer sold 2,904 shares of KnowBe4 stock in a transaction on Thursday, July 7th. The shares were sold at an average price of $17.00, for a total transaction of $49,368.00. Following the transaction, the director now owns 11,812 shares in the company, valued at $200,804. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 23,232 shares of company stock worth $432,489. 5.03% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On KnowBe4
A number of hedge funds have recently made changes to their positions in KNBE. Assetmark Inc. boosted its holdings in KnowBe4 by 144.8% in the second quarter. Assetmark Inc. now owns 1,941 shares of the company’s stock valued at $30,000 after acquiring an additional 1,148 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in shares of KnowBe4 during the second quarter worth $37,000. Point72 Hong Kong Ltd raised its stake in KnowBe4 by 4,368.0% during the second quarter. Point72 Hong Kong Ltd now owns 4,602 shares of the company’s stock worth $72,000 after buying an additional 4,499 shares during the last quarter. Prospera Financial Services Inc acquired a new position in KnowBe4 in the first quarter valued at $73,000. Finally, Lazard Asset Management LLC bought a new stake in KnowBe4 during the first quarter valued at $100,000. 43.22% of the stock is currently owned by institutional investors.
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.
- Get a free copy of the StockNews.com research report on KnowBe4 (KNBE)
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