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home / news releases / KNBE - KnowBe4 offer may need to see $28-$30/share to get a deal done - analyst

KNBE - KnowBe4 offer may need to see $28-$30/share to get a deal done - analyst

KnowBe4 Inc.

  • Cybersecurity KnowBe4 ( NASDAQ: KNBE ) may need to see an offer of $28 to $30/share after Vista Equity earlier offered to buy the company for $24/share, according to Truist. KnowBe4 surged 28% on the bid.
  • "Even though the multiple Vista is paying is higher than what recent software multiples have gone for (8.5x EV/Sales) we believe something in the $28-$30/share will get the transaction done," Truist analyst Joel Fishbein wrote in a note on Monday.
  • "The offer for KnowBe4 is not a surprise to us and continues the theme of M&A in our software coverage ...," Fishbein added.
  • The $24/share offer represents a 39% premium to KnowBe4's ( KNBE ) closing price on Friday. Vista Equity reported a 17.4% stake in a 13/D filing .

For further details see:

KnowBe4 offer may need to see $28-$30/share to get a deal done - analyst
Stock Information
Company Name: KnowBe4 Inc.
Stock Symbol: KNBE
Market: NASDAQ
Website: knowbe4.com
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