Kornit Digital Ltd. (NASDAQ:KRNT) Shares Sold by Yelin Lapidot Holdings Management Ltd.

Yelin Lapidot Holdings Management Ltd. reduced its stake in Kornit Digital Ltd. (NASDAQ:KRNT) by 33.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 261,716 shares of the industrial products company’s stock after selling 131,892 shares during the quarter. Kornit Digital comprises approximately 1.4% of Yelin Lapidot Holdings Management Ltd.’s portfolio, making the stock its 19th biggest holding. Yelin Lapidot Holdings Management Ltd.’s holdings in Kornit Digital were worth $8,100,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in KRNT. Fifth Third Bancorp raised its holdings in Kornit Digital by 23.4% in the 4th quarter. Fifth Third Bancorp now owns 2,069 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 393 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Kornit Digital by 35.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,773 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 988 shares during the last quarter. Privium Fund Management B.V. lifted its position in Kornit Digital by 8.8% during the third quarter. Privium Fund Management B.V. now owns 11,800 shares of the industrial products company’s stock worth $305,000 after buying an additional 950 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in Kornit Digital by 3.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 18,111 shares of the industrial products company’s stock worth $468,000 after buying an additional 625 shares during the period. Finally, Barclays PLC boosted its stake in Kornit Digital by 130.1% in the 3rd quarter. Barclays PLC now owns 20,420 shares of the industrial products company’s stock worth $527,000 after buying an additional 11,544 shares during the last quarter. Institutional investors and hedge funds own 92.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on KRNT shares. Morgan Stanley increased their price objective on shares of Kornit Digital from $33.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Cantor Fitzgerald upgraded shares of Kornit Digital to a “strong-buy” rating in a report on Thursday. Craig Hallum boosted their price objective on shares of Kornit Digital from $27.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Needham & Company LLC increased their target price on Kornit Digital from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Two equities 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

Kornit Digital Stock Down 0.5 %

Kornit Digital stock opened at $24.83 on Friday. The firm has a fifty day moving average of $29.46 and a 200-day moving average of $26.82. Kornit Digital Ltd. has a 52-week low of $13.59 and a 52-week high of $34.28. The firm has a market capitalization of $1.18 billion, a P/E ratio of -70.94 and a beta of 2.02.

Kornit Digital (NASDAQ:KRNT) last announced its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, research analysts expect that Kornit Digital Ltd. will post -0.2 EPS for the current fiscal 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.