Lazard Asset Management LLC Increases Stock Position in KnowBe4, Inc. (NASDAQ:KNBE)

Lazard Asset Management LLC raised its holdings in KnowBe4, Inc. (NASDAQ:KNBEGet Rating) by 57.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,918 shares of the company’s stock after purchasing an additional 2,532 shares during the quarter. Lazard Asset Management LLC’s holdings in KnowBe4 were worth $108,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in KNBE. First Trust Advisors LP purchased a new stake in KnowBe4 in the 1st quarter valued at approximately $68,140,000. Eventide Asset Management LLC lifted its position in shares of KnowBe4 by 45.9% during the 1st quarter. Eventide Asset Management LLC now owns 4,211,983 shares of the company’s stock valued at $96,960,000 after acquiring an additional 1,325,983 shares during the period. Allianz Asset Management GmbH lifted its position 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 valued at $130,768,000 after acquiring an additional 752,620 shares during the period. Jennison Associates LLC lifted its position in shares of KnowBe4 by 27.2% during the 2nd quarter. Jennison Associates LLC now owns 2,089,372 shares of the company’s stock valued at $32,636,000 after acquiring an additional 446,416 shares during the period. Finally, Royal Bank of Canada acquired a new stake in shares of KnowBe4 during the 1st quarter valued at approximately $10,107,000. Hedge funds and other institutional investors own 43.22% of the company’s stock.

Insiders Place Their Bets

In other KnowBe4 news, Director Kevin Klausmeyer sold 13,068 shares of KnowBe4 stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $24.63, for a total value of $321,864.84. Following the completion of the sale, the director now directly owns 11,812 shares of the company’s stock, valued at approximately $290,929.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Kevin Klausmeyer sold 13,068 shares of the business’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $24.63, for a total transaction of $321,864.84. Following the completion of the sale, the director now directly owns 11,812 shares of the company’s stock, valued at approximately $290,929.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lars Letonoff sold 198,700 shares of the business’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $21.83, for a total transaction of $4,337,621.00. Following the sale, the insider now directly owns 216,194 shares of the company’s stock, valued at $4,719,515.02. The disclosure for this sale can be found here. In the last three months, insiders sold 522,149 shares of company stock valued at $11,973,049. Company insiders own 5.03% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on KNBE shares. Citigroup lifted their price target on shares of KnowBe4 to $22.00 in a research report on Tuesday, September 6th. DA Davidson downgraded shares of KnowBe4 from a “buy” rating to a “neutral” rating and reduced their price target for the company from $25.00 to $24.90 in a research report on Thursday, October 13th. Berenberg Bank downgraded shares of KnowBe4 from a “buy” rating to a “hold” rating in a research report on Friday, October 14th. Needham & Company LLC downgraded KnowBe4 from a “buy” rating to a “hold” rating in a research report on Wednesday, October 12th. Finally, Wolfe Research downgraded KnowBe4 from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 12th. Twelve equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $24.63.

KnowBe4 Stock Performance

KNBE stock opened at $24.68 on Wednesday. The stock has a market capitalization of $4.31 billion, a P/E ratio of 246.80, a PEG ratio of 6.48 and a beta of 0.40. KnowBe4, Inc. has a one year low of $13.78 and a one year high of $26.00. The company has a 50 day moving average price of $23.09 and a two-hundred day moving average price of $19.48.

KnowBe4 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.

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Institutional Ownership by Quarter for KnowBe4 (NASDAQ:KNBE)

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