KnowBe4 (NASDAQ:KNBE) PT Lowered to $19.00 at Citigroup

KnowBe4 (NASDAQ:KNBEGet Rating) had its price objective trimmed by Citigroup from $25.00 to $19.00 in a report published on Wednesday, The Fly reports.

KNBE has been the subject of a number of other research reports. Cowen reissued a buy rating and issued a $35.00 target price on shares of KnowBe4 in a report on Thursday, April 21st. Zacks Investment Research upgraded shares of KnowBe4 from a sell rating to a hold rating in a report on Tuesday, March 1st. Morgan Stanley raised their price objective on shares of KnowBe4 from $25.00 to $26.00 and gave the company an equal weight rating in a report on Thursday, February 17th. Finally, Cowen reiterated a buy rating and issued a $35.00 price objective on shares of KnowBe4 in a report on Thursday, April 21st. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, KnowBe4 currently has an average rating of Buy and a consensus price target of $27.94.

KNBE stock opened at $16.59 on Wednesday. The company’s 50-day simple moving average is $21.82 and its 200 day simple moving average is $22.37. KnowBe4 has a 52 week low of $13.78 and a 52 week high of $36.67. The company has a market capitalization of $2.90 billion and a PE ratio of -150.82.

KnowBe4 (NASDAQ:KNBEGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. KnowBe4 had a negative net margin of 4.74% and a negative return on equity of 0.92%. The business had revenue of $75.03 million during the quarter, compared to analysts’ expectations of $72.79 million. During the same quarter in the prior year, the business posted $0.01 earnings per share. KnowBe4’s revenue was up 40.1% compared to the same quarter last year. On average, equities research analysts anticipate that KnowBe4 will post -0.05 earnings per share for the current fiscal year.

In other KnowBe4 news, Director Kevin Klausmeyer sold 13,068 shares of the firm’s stock in a transaction on Friday, April 1st. The stock was sold at an average price of $23.29, for a total transaction of $304,353.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 30,492 shares of company stock worth $709,738. Company insiders own 5.03% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KNBE. Prospera Financial Services Inc bought a new stake in shares of KnowBe4 during the 1st quarter worth $73,000. Lazard Asset Management LLC purchased a new stake in KnowBe4 in the 1st quarter worth about $100,000. Captrust Financial Advisors purchased a new stake in KnowBe4 in the 3rd quarter worth about $103,000. Daiwa Securities Group Inc. increased its holdings in KnowBe4 by 58.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,500 shares of the company’s stock worth $103,000 after acquiring an additional 1,655 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in KnowBe4 in the 4th quarter worth about $107,000. Institutional investors own 73.41% of the company’s stock.

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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