Kornit Digital Ltd. (NASDAQ:KRNT) Shares Sold by Axa S.A.

AXA S.A. lessened its position in shares of Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 16.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 625,351 shares of the industrial products company's stock after selling 123,374 shares during the period. AXA S.A. owned about 1.31% of Kornit Digital worth $9,155,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in shares of Kornit Digital by 29.4% in the 2nd quarter. Signaturefd LLC now owns 3,428 shares of the industrial products company's stock valued at $50,000 after acquiring an additional 779 shares during the last quarter. Headlands Technologies LLC boosted its holdings in Kornit Digital by 97.9% in the first quarter. Headlands Technologies LLC now owns 2,076 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 1,027 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Kornit Digital by 8.0% in the second quarter. Bank of New York Mellon Corp now owns 16,029 shares of the industrial products company's stock valued at $235,000 after purchasing an additional 1,184 shares during the last quarter. Sei Investments Co. raised its holdings in Kornit Digital by 0.6% during the second quarter. Sei Investments Co. now owns 206,464 shares of the industrial products company's stock worth $3,023,000 after purchasing an additional 1,214 shares in the last quarter. Finally, Silverberg Bernstein Capital Management LLC raised its holdings in Kornit Digital by 1.3% during the first quarter. Silverberg Bernstein Capital Management LLC now owns 117,250 shares of the industrial products company's stock worth $2,125,000 after purchasing an additional 1,550 shares in the last quarter. Institutional investors and hedge funds own 92.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KRNT. Needham & Company LLC reaffirmed a "buy" rating and issued a $27.00 target price on shares of Kornit Digital in a research report on Thursday, September 12th. Morgan Stanley raised their price objective on Kornit Digital from $20.00 to $26.00 and gave the stock an "overweight" rating in a report on Friday, September 13th. Craig Hallum lifted their target price on Kornit Digital from $23.00 to $27.00 and gave the stock a "buy" rating in a research report on Wednesday, September 11th. Finally, StockNews.com raised Kornit Digital from a "sell" rating to a "hold" rating in a research report on Thursday, August 8th.

Kornit Digital Stock Up 5.0 %

NASDAQ:KRNT traded up $1.27 during trading hours on Friday, reaching $26.45. 682,863 shares of the company's stock were exchanged, compared to its average volume of 369,257. Kornit Digital Ltd. has a 1-year low of $13.29 and a 1-year high of $26.51. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -21.68 and a beta of 1.90. The company has a 50-day moving average of $19.16 and a 200 day moving average of $16.91.

Kornit Digital (NASDAQ:KRNT - Get Free Report) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03. The business had revenue of $48.62 million during the quarter, compared to the consensus estimate of $50.24 million. Kornit Digital had a negative net margin of 23.63% and a negative return on equity of 3.22%. The business's quarterly revenue was down 13.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.28) earnings per share. Research analysts forecast that Kornit Digital Ltd. will post -0.28 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.