Allspring Global Investments Holdings LLC acquired a new position in shares of KnowBe4, Inc. (NASDAQ:KNBE – Get Rating) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 40,040 shares of the company’s stock, valued at approximately $833,000.
Other large investors have also made changes to their positions in the company. Assetmark Inc. lifted its position in shares of KnowBe4 by 144.8% during the 2nd quarter. Assetmark Inc. now owns 1,941 shares of the company’s stock worth $30,000 after purchasing an additional 1,148 shares during the last quarter. Nisa Investment Advisors LLC acquired a new position in shares of KnowBe4 during the 2nd quarter worth about $37,000. FNY Investment Advisers LLC acquired a new position in shares of KnowBe4 during the 3rd quarter worth about $85,000. Lazard Asset Management LLC acquired a new position in shares of KnowBe4 during the 1st quarter worth about $100,000. Finally, Point72 Hong Kong Ltd lifted its position in shares of KnowBe4 by 4,368.0% during the 2nd quarter. Point72 Hong Kong Ltd now owns 4,602 shares of the company’s stock worth $72,000 after purchasing an additional 4,499 shares during the last quarter. Institutional investors and hedge funds own 91.90% of the company’s stock.
Analysts Set New Price Targets
KNBE has been the subject of several research analyst reports. Canaccord Genuity Group reissued a “hold” rating on shares of KnowBe4 in a research report on Thursday, October 13th. DA Davidson cut KnowBe4 from a “buy” rating to a “neutral” rating and cut their price target for the company from $25.00 to $24.90 in a report on Thursday, October 13th. TheStreet raised KnowBe4 from a “d” rating to a “c-” rating in a report on Wednesday, October 12th. Wolfe Research cut KnowBe4 from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 12th. Finally, Cowen cut KnowBe4 to a “market perform” rating and cut their price target for the company from $28.00 to $24.90 in a report on Tuesday, October 18th. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, KnowBe4 currently has an average rating of “Hold” and an average price target of $24.63.
KnowBe4 Trading Down 0.0 %
KnowBe4 (NASDAQ:KNBE – Get Rating) last released its quarterly earnings results on Monday, November 14th. The company reported $0.05 EPS for the quarter. The business had revenue of $85.84 million for the quarter, compared to analyst estimates of $85.69 million. KnowBe4 had a return on equity of 11.31% and a net margin of 5.02%. Sell-side analysts forecast that KnowBe4, Inc. will post 0.11 EPS for the current year.
Insider Buying and Selling
In related news, Director Kevin Klausmeyer sold 13,068 shares of the stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $24.66, for a total transaction of $322,256.88. Following the sale, the director now directly owns 11,812 shares in the company, valued at approximately $291,283.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.03% of the stock is owned by corporate insiders.
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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