Kornit Digital Ltd. (NASDAQ:KRNT) Shares Sold by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. reduced its holdings in Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 51.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 765,667 shares of the industrial products company's stock after selling 798,895 shares during the quarter. Alyeska Investment Group L.P. owned approximately 1.61% of Kornit Digital worth $23,697,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of KRNT. AQR Capital Management LLC bought a new position in Kornit Digital in the fourth quarter worth about $14,769,000. Northern Trust Corp raised its position in shares of Kornit Digital by 78.6% during the 4th quarter. Northern Trust Corp now owns 204,005 shares of the industrial products company's stock worth $6,314,000 after purchasing an additional 89,790 shares during the period. Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of Kornit Digital by 29.7% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 758,761 shares of the industrial products company's stock worth $23,484,000 after purchasing an additional 173,558 shares during the last quarter. Nebula Research & Development LLC boosted its position in Kornit Digital by 11.1% during the 4th quarter. Nebula Research & Development LLC now owns 11,621 shares of the industrial products company's stock valued at $360,000 after purchasing an additional 1,161 shares during the period. Finally, Hood River Capital Management LLC boosted its position in Kornit Digital by 47.2% during the 4th quarter. Hood River Capital Management LLC now owns 1,099,725 shares of the industrial products company's stock valued at $34,036,000 after purchasing an additional 352,648 shares during the period. 92.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Needham & Company LLC reduced their price target on shares of Kornit Digital from $34.00 to $28.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Cantor Fitzgerald upgraded shares of Kornit Digital to a "strong-buy" rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Kornit Digital has an average rating of "Moderate Buy" and a consensus target price of $32.80.

Kornit Digital Trading Up 0.1 %

KRNT traded up $0.01 on Friday, reaching $19.19. The company had a trading volume of 199,756 shares, compared to its average volume of 290,164. Kornit Digital Ltd. has a one year low of $13.59 and a one year high of $34.29. The company has a market capitalization of $912.52 million, a P/E ratio of -54.83 and a beta of 2.00. The company has a fifty day moving average of $19.43 and a 200-day moving average of $25.92.

Kornit Digital (NASDAQ:KRNT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.07 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 predict that Kornit Digital Ltd. will post -0.2 EPS for the current year.

Kornit Digital Company Profile

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.