OneAscent Wealth Management LLC lowered its holdings in KnowBe4, Inc. (NASDAQ:KNBE – Get Rating) by 11.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,750 shares of the company's stock after selling 1,320 shares during the period. OneAscent Wealth Management LLC's holdings in KnowBe4 were worth $203,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. Assetmark Inc. boosted its position in shares of KnowBe4 by 144.8% in the 2nd quarter. Assetmark Inc. now owns 1,941 shares of the company's stock valued at $30,000 after purchasing an additional 1,148 shares during the period. Nisa Investment Advisors LLC acquired a new position in shares of KnowBe4 in the second quarter worth about $37,000. Point72 Hong Kong Ltd increased its position in shares of KnowBe4 by 4,368.0% in the second quarter. Point72 Hong Kong Ltd now owns 4,602 shares of the company's stock worth $72,000 after acquiring an additional 4,499 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of KnowBe4 during the third quarter valued at approximately $85,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of KnowBe4 in the 1st quarter valued at approximately $100,000. Institutional investors and hedge funds own 91.90% of the company's stock.
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Insider Buying and Selling at KnowBe4
In other news, Director Kevin Klausmeyer sold 13,068 shares of the stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $24.66, for a total value of $322,256.88. Following the completion of the sale, the director now directly owns 11,812 shares of the company's stock, valued at $291,283.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Kevin Klausmeyer sold 13,068 shares of the business's stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $24.66, for a total transaction of $322,256.88. Following the transaction, the director now owns 11,812 shares of the company's stock, valued at $291,283.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Shrikrishna Venkataraman sold 158,286 shares of the stock in a transaction on Monday, October 24th. The shares were sold at an average price of $24.52, for a total transaction of $3,881,172.72. Following the completion of the sale, the director now directly owns 377,187 shares of the company's stock, valued at $9,248,625.24. The disclosure for this sale can be found here. Insiders have sold 212,527 shares of company stock valued at $5,213,867 in the last 90 days. 5.03% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several analysts have issued reports on the stock. Piper Sandler downgraded shares of KnowBe4 from an "overweight" rating to a "neutral" rating in a research note on Wednesday, October 12th. Canaccord Genuity Group reissued a "hold" rating on shares of KnowBe4 in a research note on Thursday, October 13th. Cowen cut KnowBe4 from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $28.00 to $24.90 in a research note on Tuesday, October 18th. Needham & Company LLC downgraded KnowBe4 from a "buy" rating to a "hold" rating in a report on Wednesday, October 12th. Finally, Cowen cut shares of KnowBe4 to a "market perform" rating and decreased their price target for the stock from $28.00 to $24.90 in a report on Tuesday, October 18th. Twelve equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $24.63.
KnowBe4 Price Performance
Shares of KNBE opened at $24.83 on Thursday. The company's fifty day moving average price is $24.73 and its 200 day moving average price is $21.66. The company has a market capitalization of $4.34 billion, a PE ratio of 248.30, a price-to-earnings-growth ratio of 4.95 and a beta of 0.36. KnowBe4, Inc. has a one year low of $13.78 and a one year high of $26.00.
KnowBe4 Profile
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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.
Further Reading
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