Robert W. Baird analyst Jonathan Ruykhaver maintained a Buy rating on KnowBe4 (KNBE – Research Report) yesterday and set a price target of $29.00. The company’s shares closed last Thursday at $25.50.
According to TipRanks.com, Ruykhaver is a top 100 analyst with an average return of 35.0% and a 73.8% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Tufin Software Technologies, Ping Identity Holding, and CrowdStrike Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for KnowBe4 with a $34.00 average price target, representing a 33.3% upside. In a report released today, Goldman Sachs also upgraded the stock to Buy with a $34.00 price target.
See today’s best-performing stocks on TipRanks >>
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KNBE in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
KnowBe4 Inc has created a security awareness framework that allows businesses to assess, track, and mitigate the ongoing threat of social engineering attacks to their cybersecurity. Security Awareness, Security Orchestration, Automation and Response, Governance, Risk, and Compliance are among the features of its platform. The company derives its revenue from subscription services fees paid by customers for access to its cloud-based platform and content.
Read More on KNBE:
