Kornit Digital Ltd. (NASDAQ:KRNT) Shares Sold by G2 Investment Partners Management LLC

G2 Investment Partners Management LLC decreased its holdings in shares of Kornit Digital Ltd. (NASDAQ:KRNTFree Report) by 70.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,605 shares of the industrial products company’s stock after selling 244,895 shares during the quarter. G2 Investment Partners Management LLC’s holdings in Kornit Digital were worth $1,966,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KRNT. Headlands Technologies LLC acquired a new stake in Kornit Digital during the third quarter worth about $58,000. Tower Research Capital LLC TRC raised its stake in Kornit Digital by 402.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,796 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 4,642 shares during the period. Anchor Investment Management LLC acquired a new stake in Kornit Digital during the fourth quarter worth about $140,000. Van ECK Associates Corp raised its stake in Kornit Digital by 6.8% during the third quarter. Van ECK Associates Corp now owns 11,658 shares of the industrial products company’s stock worth $220,000 after acquiring an additional 742 shares during the period. Finally, Trust Point Inc. acquired a new stake in shares of Kornit Digital in the fourth quarter valued at approximately $271,000. Institutional investors and hedge funds own 92.76% of the company’s stock.

Kornit Digital Price Performance

Shares of Kornit Digital stock traded down $0.04 on Thursday, hitting $15.50. The company had a trading volume of 103,413 shares, compared to its average volume of 421,923. The business has a 50-day simple moving average of $15.45 and a 200-day simple moving average of $17.05. The company has a market cap of $739.97 million, a PE ratio of -12.74 and a beta of 1.90. Kornit Digital Ltd. has a 52 week low of $13.29 and a 52 week high of $31.94.

Kornit Digital (NASDAQ:KRNTGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The industrial products company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.02). The company had revenue of $43.78 million during the quarter, compared to the consensus estimate of $45.85 million. Kornit Digital had a negative net margin of 27.17% and a negative return on equity of 4.31%. On average, equities research analysts predict that Kornit Digital Ltd. will post -0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KRNT has been the topic of several analyst reports. StockNews.com lowered shares of Kornit Digital from a “hold” rating to a “sell” rating in a research note on Thursday. Needham & Company LLC restated a “buy” rating and issued a $27.00 price target on shares of Kornit Digital in a research note on Thursday, May 9th.

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Kornit Digital Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kornit Digital (NASDAQ:KRNT)

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