Kornit Digital Ltd. (NASDAQ:KRNT) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP raised its stake in shares of Kornit Digital Ltd. (NASDAQ:KRNT) by 27.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 188,307 shares of the industrial products company’s stock after buying an additional 40,422 shares during the period. Trexquant Investment LP owned approximately 0.40% of Kornit Digital worth $5,828,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. acquired a new position in shares of Kornit Digital during the third quarter valued at approximately $934,000. Lisanti Capital Growth LLC increased its position in shares of Kornit Digital by 119.0% during the 4th quarter. Lisanti Capital Growth LLC now owns 213,825 shares of the industrial products company’s stock valued at $6,618,000 after purchasing an additional 116,170 shares during the period. Stephens Investment Management Group LLC raised its stake in shares of Kornit Digital by 4.4% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,342,321 shares of the industrial products company’s stock worth $41,545,000 after buying an additional 57,068 shares in the last quarter. Dudley & Shanley Inc. raised its stake in shares of Kornit Digital by 25.3% in the 3rd quarter. Dudley & Shanley Inc. now owns 259,525 shares of the industrial products company’s stock worth $6,705,000 after buying an additional 52,425 shares in the last quarter. Finally, Meros Investment Management LP lifted its holdings in shares of Kornit Digital by 19.2% in the third quarter. Meros Investment Management LP now owns 276,040 shares of the industrial products company’s stock valued at $7,131,000 after buying an additional 44,456 shares during the period. Institutional investors and hedge funds own 92.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on KRNT shares. Needham & Company LLC boosted their price target on shares of Kornit Digital from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Morgan Stanley lifted their price objective on shares of Kornit Digital from $33.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Finally, Cantor Fitzgerald raised shares of Kornit Digital to a “strong-buy” rating in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Kornit Digital Trading Down 5.8 %

NASDAQ KRNT opened at $15.82 on Friday. Kornit Digital Ltd. has a 1 year low of $13.59 and a 1 year high of $34.29. The stock’s 50-day moving average price is $24.30 and its two-hundred day moving average price is $27.11. The company has a market cap of $752.27 million, a PE ratio of -45.20 and a beta of 2.08.

Kornit Digital (NASDAQ:KRNT) last released its earnings results on Wednesday, February 12th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.14). Kornit Digital had a negative net margin of 8.24% and a negative return on equity of 1.51%. Research analysts forecast that Kornit Digital Ltd. will post -0.2 EPS for the current fiscal year.

About Kornit Digital

Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. Its solutions include digital printing systems, ink and other consumables, associated software, and value-added services.