KnowBe4 (NASDAQ:KNBE) Shares Gap Up to $17.30

KnowBe4, Inc. (NASDAQ:KNBEGet 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.

KnowBe4 (NASDAQ:KNBEGet Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. KnowBe4 had a return on equity of 8.93% and a net margin of 2.60%. The firm had revenue of $80.76 million for the quarter, compared to analyst estimates of $79.34 million. As a group, equities analysts expect that KnowBe4, Inc. will post 0.03 EPS for the current year.

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.

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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