Kornit Digital Ltd. (NASDAQ:KRNT) Shares Sold by American Capital Management Inc.

American Capital Management Inc. decreased its stake in shares of Kornit Digital Ltd. (NASDAQ:KRNT) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,158,122 shares of the industrial products company’s stock after selling 7,309 shares during the period. Kornit Digital comprises about 1.8% of American Capital Management Inc.’s investment portfolio, making the stock its 25th biggest holding. American Capital Management Inc. owned about 4.54% of Kornit Digital worth $55,755,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of KRNT. Signaturefd LLC increased its stake in Kornit Digital by 29.4% during the second quarter. Signaturefd LLC now owns 3,428 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 779 shares during the last quarter. Trust Point Inc. boosted its holdings in shares of Kornit Digital by 4.6% in the 3rd quarter. Trust Point Inc. now owns 17,868 shares of the industrial products company’s stock valued at $462,000 after buying an additional 785 shares during the period. Privium Fund Management B.V. grew its position in shares of Kornit Digital by 8.8% during the 3rd quarter. Privium Fund Management B.V. now owns 11,800 shares of the industrial products company’s stock valued at $305,000 after buying an additional 950 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Kornit Digital by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 16,029 shares of the industrial products company’s stock valued at $235,000 after buying an additional 1,184 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in Kornit Digital by 0.6% in the second quarter. Sei Investments Co. now owns 206,464 shares of the industrial products company’s stock worth $3,023,000 after acquiring an additional 1,214 shares during the last quarter. 92.76% of the stock is currently owned by institutional investors and hedge funds.

Kornit Digital Trading Up 1.4 %

Shares of Kornit Digital stock opened at $31.80 on Friday. The stock has a 50-day simple moving average of $26.96 and a 200-day simple moving average of $20.24. Kornit Digital Ltd. has a 52-week low of $13.59 and a 52-week high of $33.00.

Kornit Digital (NASDAQ:KRNT) last issued its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. The business had revenue of $50.73 million for the quarter, compared to the consensus estimate of $50.44 million. Kornit Digital had a negative return on equity of 2.17% and a negative net margin of 21.00%. The firm’s revenue was down 14.3% compared to the same quarter last year. During the same period last year, the business earned ($0.17) EPS. Equities research analysts expect that Kornit Digital Ltd. will post -0.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Cantor Fitzgerald initiated coverage on shares of Kornit Digital in a report on Tuesday, November 26th. They set an “overweight” rating and a $39.00 price target for the company. Barclays upped their target price on shares of Kornit Digital from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 1st. StockNews.com upgraded shares of Kornit Digital from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Needham & Company LLC boosted their price objective on Kornit Digital from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Craig Hallum increased their price objective on Kornit Digital from $27.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Kornit Digital presently has an average rating of “Moderate Buy” and a consensus price target of $31.00.

Kornit Digital 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.