Gilder Gagnon Howe & Co. LLC Acquires 173,558 Shares of Kornit Digital Ltd. (NASDAQ:KRNT)

Gilder Gagnon Howe & Co. LLC increased its position in Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 29.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 758,761 shares of the industrial products company's stock after buying an additional 173,558 shares during the period. Gilder Gagnon Howe & Co. LLC owned 1.60% of Kornit Digital worth $23,484,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P boosted its stake in Kornit Digital by 259.7% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,237,453 shares of the industrial products company's stock valued at $38,300,000 after purchasing an additional 893,463 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Kornit Digital by 421.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 470,674 shares of the industrial products company's stock valued at $14,567,000 after purchasing an additional 380,392 shares in the last quarter. Artemis Investment Management LLP raised its holdings in shares of Kornit Digital by 138.2% in the 4th quarter. Artemis Investment Management LLP now owns 641,908 shares of the industrial products company's stock worth $19,867,000 after buying an additional 372,443 shares in the last quarter. Hood River Capital Management LLC raised its stake in Kornit Digital by 47.2% during the fourth quarter. Hood River Capital Management LLC now owns 1,099,725 shares of the industrial products company's stock worth $34,036,000 after acquiring an additional 352,648 shares in the last quarter. Finally, Riverbridge Partners LLC lifted its holdings in shares of Kornit Digital by 21.1% during the fourth quarter. Riverbridge Partners LLC now owns 1,927,091 shares of the industrial products company's stock valued at $59,643,000 after acquiring an additional 335,713 shares during the period. 92.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KRNT has been the subject of several recent analyst reports. Needham & Company LLC dropped their price objective 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 raised shares of Kornit Digital to a "strong-buy" rating in a research note on Thursday, February 27th. Two investment 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.80.

Kornit Digital Stock Performance

KRNT stock traded up $0.12 during midday trading on Tuesday, hitting $18.62. 126,704 shares of the company's stock were exchanged, compared to its average volume of 293,675. Kornit Digital Ltd. has a one year low of $13.59 and a one year high of $34.29. The company has a market cap of $885.42 million, a PE ratio of -53.20 and a beta of 2.08. The stock's fifty day moving average price is $20.46 and its 200-day moving average price is $26.27.

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 (EPS) for the quarter, missing analysts' consensus estimates 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, analysts expect that Kornit Digital Ltd. will post -0.2 EPS for the current year.

About Kornit Digital

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.