KnowBe4, Inc. (NASDAQ:KNBE – Get Rating) Director Shrikrishna Venkataraman sold 86,156 shares of the company’s stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $22.02, for a total value of $1,897,155.12. Following the completion of the sale, the director now owns 377,187 shares of the company’s stock, valued at $8,305,657.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
KnowBe4 Stock Performance
Shares of KNBE stock traded down $0.14 during midday trading on Wednesday, hitting $21.86. 3,102,484 shares of the company were exchanged, compared to its average volume of 1,042,406. The firm has a market capitalization of $3.82 billion, a P/E ratio of 437.29, a PEG ratio of 12.57 and a beta of 0.37. The firm’s 50 day moving average price is $18.32 and its two-hundred day moving average price is $19.13. KnowBe4, Inc. has a 52 week low of $13.78 and a 52 week high of $29.50.
KnowBe4 (NASDAQ:KNBE – Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The firm had revenue of $80.76 million during the quarter, compared to the consensus estimate of $79.34 million. KnowBe4 had a net margin of 2.60% and a return on equity of 8.93%. Analysts expect that KnowBe4, Inc. will post 0.04 EPS for the current year.
Analyst Ratings Changes
Several brokerages have issued reports on KNBE. Piper Sandler cut their target price on shares of KnowBe4 from $29.00 to $25.00 in a research note on Wednesday, July 13th. Canaccord Genuity Group decreased their price objective on shares of KnowBe4 from $28.00 to $25.00 in a report on Monday, August 8th. Citigroup increased their target price on shares of KnowBe4 to $22.00 in a research note on Tuesday, September 6th. Stephens initiated coverage on shares of KnowBe4 in a research report on Wednesday, May 25th. They issued an “overweight” rating and a $25.00 price target for the company. Finally, Needham & Company LLC raised their price objective on shares of KnowBe4 from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, August 5th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, KnowBe4 presently has an average rating of “Moderate Buy” and an average target price of $28.07.
Hedge Funds Weigh In On KnowBe4
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Amundi raised its position in shares of KnowBe4 by 16.7% in the 2nd quarter. Amundi now owns 218,322 shares of the company’s stock valued at $3,460,000 after buying an additional 31,263 shares in the last quarter. Verition Fund Management LLC acquired a new position in KnowBe4 during the 2nd quarter worth approximately $182,000. Legal & General Group Plc increased its position in KnowBe4 by 283.0% during the 2nd quarter. Legal & General Group Plc now owns 32,583 shares of the company’s stock worth $509,000 after purchasing an additional 24,076 shares in the last quarter. Walleye Capital LLC acquired a new position in KnowBe4 during the 2nd quarter worth approximately $919,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in KnowBe4 during the 2nd quarter worth approximately $285,000. 43.22% of the stock is currently owned by institutional investors and hedge funds.
KnowBe4 Company Profile
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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