KnowBe4, Inc. (NASDAQ:KNBE) Given Average Rating of “Hold” by Brokerages

KnowBe4, Inc. (NASDAQ:KNBEGet Rating) has earned an average recommendation of “Hold” from the fifteen research firms that are currently covering the stock, MarketBeat Ratings reports. Twelve research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $24.61.

A number of equities analysts have issued reports on KNBE shares. Cowen cut shares of KnowBe4 to a “market perform” rating and cut their target price for the stock from $28.00 to $24.90 in a research report on Tuesday, October 18th. Truist Financial cut shares of KnowBe4 from a “buy” rating to a “hold” rating and cut their target price for the stock from $28.00 to $24.90 in a research report on Wednesday, October 12th. TheStreet upgraded shares of KnowBe4 from a “d” rating to a “c-” rating in a research report on Wednesday, October 12th. DA Davidson lowered shares of KnowBe4 from a “buy” rating to a “neutral” rating and cut their price objective for the company from $25.00 to $24.90 in a research report on Thursday, October 13th. Finally, Piper Sandler lowered shares of KnowBe4 from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 12th.

KnowBe4 Trading Up 0.0 %

Shares of KNBE opened at $24.69 on Friday. The stock has a market cap of $4.31 billion, a P/E ratio of 246.90, a PEG ratio of 6.48 and a beta of 0.40. The company has a 50-day moving average of $23.44 and a two-hundred day moving average of $19.55. KnowBe4 has a 12-month low of $13.78 and a 12-month high of $26.00.

Insider Buying and Selling

In other KnowBe4 news, Director Kevin Klausmeyer sold 5,608 shares of the business’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $19.04, for a total transaction of $106,776.32. Following the completion of the sale, the director now directly owns 11,812 shares in the company, valued at $224,900.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Lars Letonoff sold 198,700 shares of the company’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $21.83, for a total value of $4,337,621.00. Following the completion of the transaction, the insider now directly owns 216,194 shares in the company, valued at $4,719,515.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kevin Klausmeyer sold 5,608 shares of the company’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $19.04, for a total transaction of $106,776.32. Following the completion of the transaction, the director now owns 11,812 shares of the company’s stock, valued at $224,900.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 521,949 shares of company stock valued at $11,969,041. Insiders own 5.03% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KNBE. PenderFund Capital Management Ltd. purchased a new position in shares of KnowBe4 in the third quarter valued at $26,000. Assetmark Inc. raised 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 in the last quarter. Nisa Investment Advisors LLC acquired a new stake in KnowBe4 in the second quarter valued at $37,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in KnowBe4 in the third quarter valued at $68,000. Finally, Point72 Hong Kong Ltd raised its holdings in KnowBe4 by 4,368.0% in the second quarter. Point72 Hong Kong Ltd now owns 4,602 shares of the company’s stock valued at $72,000 after acquiring an additional 4,499 shares in the last quarter. 43.22% of the stock is currently owned by hedge funds and other institutional investors.

KnowBe4 Company Profile

(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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Analyst Recommendations for KnowBe4 (NASDAQ:KNBE)

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