Baillie Gifford & Co. Boosts Holdings in Kornit Digital Ltd. $KRNT

Key Points

• Baillie Gifford & Co. increased its stake in Kornit Digital by 61.7% in Q4, buying 597,128 shares to hold 1,565,079 shares (about 3.49% of the company) valued at $22.506 million.
• 92.76% institutional ownership — Kornit trades around $16.28 (one‑year range $11.93–$23.48) with a market cap of $729.26 million and a negative P/E of -52.51, reflecting continued investor concentration and volatility.
• Kornit reported quarterly EPS of $0.18 (beating the $0.14 estimate) and revenue of $58.86M (slightly above estimates but down 3% YoY), while showing a negative net margin of 6.49%; analysts' consensus is a "Hold" with a $20.25 price target.

Baillie Gifford & Co. boosted its position in Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 61.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,565,079 shares of the industrial products company's stock after buying an additional 597,128 shares during the period. Baillie Gifford & Co. owned approximately 3.49% of Kornit Digital worth $22,506,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KRNT. CIBC Private Wealth Group LLC grew its position in Kornit Digital by 1,359.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,927 shares of the industrial products company's stock valued at $26,000 after buying an additional 1,795 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Kornit Digital during the 3rd quarter worth $27,000. Raymond James Financial Inc. purchased a new stake in shares of Kornit Digital during the 2nd quarter worth $31,000. State of Tennessee Department of Treasury purchased a new stake in shares of Kornit Digital during the 2nd quarter worth $35,000. Finally, Fortitude Family Office LLC boosted its position in shares of Kornit Digital by 64.2% during the 3rd quarter. Fortitude Family Office LLC now owns 8,164 shares of the industrial products company's stock worth $110,000 after purchasing an additional 3,191 shares in the last quarter. 92.76% of the stock is currently owned by hedge funds and other institutional investors.

Kornit Digital Stock Performance

Shares of NASDAQ KRNT opened at $16.28 on Tuesday. Kornit Digital Ltd. has a one year low of $11.93 and a one year high of $23.48. The company's fifty day moving average is $15.02 and its two-hundred day moving average is $14.23. The firm has a market capitalization of $729.26 million, a P/E ratio of -52.51 and a beta of 1.79.

Kornit Digital (NASDAQ:KRNT - Get Free Report) last released its quarterly earnings data on Wednesday, February 11th. The industrial products company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. Kornit Digital had a negative net margin of 6.49% and a negative return on equity of 1.07%. The business had revenue of $58.86 million for the quarter, compared to analyst estimates of $58.16 million. During the same period in the previous year, the firm earned $0.18 EPS. The business's revenue for the quarter was down 3.0% compared to the same quarter last year. On average, sell-side analysts forecast that Kornit Digital Ltd. will post -0.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on KRNT shares. Wall Street Zen upgraded shares of Kornit Digital from a "sell" rating to a "hold" rating in a research report on Sunday. Morgan Stanley restated a "positive" rating and set a $17.00 target price on shares of Kornit Digital in a research report on Wednesday, February 11th. Weiss Ratings restated a "sell (d-)" rating on shares of Kornit Digital in a research report on Wednesday, March 25th. Finally, Needham & Company LLC restated a "buy" rating and set a $20.00 target price on shares of Kornit Digital in a research report on Wednesday, February 11th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Kornit Digital currently has an average rating of "Hold" and a consensus price target of $20.25.

Kornit Digital Company Profile

Kornit Digital Ltd. NASDAQ: KRNT is a global technology company specializing in digital textile printing solutions. Headquartered in Rosh Ha'Ayin, Israel, Kornit develops and manufactures an integrated ecosystem of industrial inkjet printers, proprietary NeoPigment inks and pretreatment systems. Its product portfolio addresses a range of applications including direct-to-garment, direct-to-fabric, digital embellishment and hybrid manufacturing, enabling businesses to produce custom apparel, sportswear, fashion and home textiles on demand.

The company's flagship offerings include the Avalanche and Atlas series for high-volume production, as well as the Storm and Helix lines designed for mid-to-large scale operations.

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