KnowBe4 (NASDAQ:KNBE) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of KnowBe4 (NASDAQ:KNBEGet Rating) from a hold rating to a buy rating in a research note published on Thursday, Zacks.com reports. The brokerage currently has $17.00 price objective on the stock.

According to Zacks, “KnowBe4 Inc. is a provider of security awareness platform. KnowBe4 Inc. is based in TAMPA BAY, Fla. “

KNBE has been the subject of a number of other research reports. Cowen restated a buy rating and issued a $35.00 price objective on shares of KnowBe4 in a research note on Thursday, April 21st. Cowen restated a buy rating and issued a $35.00 price objective on shares of KnowBe4 in a research note on Thursday, April 21st. Morgan Stanley increased their price objective on shares of KnowBe4 from $25.00 to $26.00 and gave the company an equal weight rating in a research note on Thursday, February 17th. Finally, Citigroup dropped their price objective on shares of KnowBe4 from $25.00 to $19.00 in a research note on Wednesday, May 11th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Buy and a consensus target price of $30.50.

NASDAQ KNBE opened at $15.81 on Thursday. The company has a fifty day simple moving average of $21.53 and a 200 day simple moving average of $22.07. The company has a market cap of $2.76 billion and a P/E ratio of -143.73. KnowBe4 has a 1 year low of $13.78 and a 1 year high of $36.67.

KnowBe4 (NASDAQ:KNBEGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $0.04 earnings per share (EPS) 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 the consensus estimate of $72.79 million. During the same period in the prior year, the firm earned $0.01 EPS. KnowBe4’s quarterly revenue was up 40.1% compared to the same quarter last year.

In other news, Director Kevin Klausmeyer sold 13,068 shares of KnowBe4 stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of $23.29, for a total value of $304,353.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 30,492 shares of company stock worth $709,738 over the last quarter. 5.03% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Daiwa Securities Group Inc. increased its holdings in KnowBe4 by 58.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,500 shares of the company’s stock worth $103,000 after buying an additional 1,655 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in KnowBe4 by 10.4% during the first quarter. Envestnet Asset Management Inc. now owns 25,747 shares of the company’s stock worth $593,000 after purchasing an additional 2,431 shares during the period. Citigroup Inc. boosted its position in KnowBe4 by 2.6% during the first quarter. Citigroup Inc. now owns 97,623 shares of the company’s stock worth $2,247,000 after purchasing an additional 2,475 shares during the period. Freemont Management S.A. boosted its position in KnowBe4 by 55.2% during the fourth quarter. Freemont Management S.A. now owns 7,148 shares of the company’s stock worth $164,000 after purchasing an additional 2,541 shares during the period. Finally, Prospera Financial Services Inc bought a new position in KnowBe4 during the first quarter worth $73,000. Institutional investors and hedge funds own 73.41% of the company’s stock.

About KnowBe4 (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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