KnowBe4, Inc. (NASDAQ:KNBE) Receives Average Rating of “Hold” from Analysts

KnowBe4, Inc. (NASDAQ:KNBEGet Rating) has earned a consensus recommendation of “Hold” from the fifteen brokerages that are covering the firm, MarketBeat.com reports. Twelve equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $24.61.

Several analysts have recently weighed in on KNBE shares. Cowen cut shares of KnowBe4 from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $28.00 to $24.90 in a research note on Tuesday, October 18th. Canaccord Genuity Group reissued a “hold” rating on shares of KnowBe4 in a research note on Thursday, October 13th. Cowen cut shares of KnowBe4 to a “market perform” rating and lowered their price objective for the stock from $28.00 to $24.90 in a research report on Tuesday, October 18th. Wolfe Research cut shares of KnowBe4 from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 12th. Finally, Canaccord Genuity Group cut shares of KnowBe4 from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $25.00 to $24.90 in a research report on Thursday, October 13th.

Insider Activity

In other news, Director Kevin Klausmeyer sold 5,608 shares of the firm’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $19.04, for a total value of $106,776.32. Following the sale, the director now directly owns 11,812 shares in the company, valued at approximately $224,900.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Lars Letonoff sold 198,700 shares of the firm’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 sale, the insider now directly owns 216,194 shares in the company, valued at approximately $4,719,515.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kevin Klausmeyer sold 5,608 shares of the firm’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 sale, the director now owns 11,812 shares in the company, valued at $224,900.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 521,949 shares of company stock worth $11,969,041. 5.03% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On KnowBe4

Hedge funds and other institutional investors have recently bought and sold shares of the stock. PenderFund Capital Management Ltd. acquired a new stake in KnowBe4 during the 3rd quarter worth $26,000. Assetmark Inc. raised its stake in KnowBe4 by 144.8% during the 2nd quarter. Assetmark Inc. now owns 1,941 shares of the company’s stock worth $30,000 after acquiring an additional 1,148 shares in the last quarter. Nisa Investment Advisors LLC acquired a new stake in KnowBe4 during the 2nd quarter worth $37,000. Prospera Financial Services Inc acquired a new stake in KnowBe4 during the 1st quarter worth $73,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in KnowBe4 during the 3rd quarter worth $68,000. 43.22% of the stock is currently owned by institutional investors and hedge funds.

KnowBe4 Trading Up 0.0 %

KNBE stock opened at $24.69 on Friday. The firm 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. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 246.90, a PEG ratio of 6.48 and a beta of 0.40.

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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