Kornit Digital Ltd. (NASDAQ:KRNT) Shares Purchased by Next Century Growth Investors LLC

Next Century Growth Investors LLC increased its position in shares of Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 86.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 303,497 shares of the industrial products company's stock after acquiring an additional 140,723 shares during the quarter. Next Century Growth Investors LLC owned approximately 0.64% of Kornit Digital worth $9,393,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of KRNT. Fifth Third Bancorp grew its position in Kornit Digital by 23.4% in the fourth quarter. Fifth Third Bancorp now owns 2,069 shares of the industrial products company's stock worth $64,000 after acquiring an additional 393 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Kornit Digital by 654.5% in the 4th quarter. Russell Investments Group Ltd. now owns 2,075 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 1,800 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Kornit Digital by 35.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,773 shares of the industrial products company's stock worth $117,000 after purchasing an additional 988 shares during the period. Pictet Asset Management Holding SA acquired a new stake in shares of Kornit Digital during the 4th quarter worth about $203,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Kornit Digital in the 4th quarter valued at approximately $237,000. 92.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KRNT has been the subject of several research reports. Needham & Company LLC dropped their target price on Kornit Digital from $34.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Cantor Fitzgerald upgraded shares of Kornit Digital to a "strong-buy" rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Kornit Digital currently has an average rating of "Moderate Buy" and an average price target of $32.80.

Kornit Digital Trading Down 1.8 %

NASDAQ:KRNT traded down $0.35 during trading hours on Thursday, hitting $18.75. The company's stock had a trading volume of 109,465 shares, compared to its average volume of 293,761. Kornit Digital Ltd. has a 52-week low of $13.59 and a 52-week high of $34.29. The stock has a market capitalization of $891.74 million, a P/E ratio of -53.86 and a beta of 2.08. The stock has a fifty day moving average of $22.03 and a 200-day moving average of $26.64.

Kornit Digital (NASDAQ:KRNT - Get Free Report) last posted its earnings results on Wednesday, February 12th. The industrial products company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.14). Kornit Digital had a negative return on equity of 1.51% and a negative net margin of 8.24%. On average, sell-side analysts forecast that Kornit Digital Ltd. will post -0.2 earnings per share 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.