Kornit Digital Ltd. (NASDAQ:KRNT) Shares Bought by Dudley & Shanley Inc.

Dudley & Shanley Inc. grew its stake in Kornit Digital Ltd. (NASDAQ:KRNT) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 272,025 shares of the industrial products company’s stock after purchasing an additional 12,500 shares during the quarter. Kornit Digital makes up 1.3% of Dudley & Shanley Inc.’s holdings, making the stock its 25th biggest position. Dudley & Shanley Inc. owned about 0.57% of Kornit Digital worth $8,419,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. nVerses Capital LLC purchased a new stake in shares of Kornit Digital in the second quarter valued at about $40,000. Signaturefd LLC increased its holdings in shares of Kornit Digital by 29.4% during the 2nd quarter. Signaturefd LLC now owns 3,428 shares of the industrial products company’s stock worth $50,000 after buying an additional 779 shares during the last quarter. Bank of New York Mellon Corp raised 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 period. B. Riley Wealth Advisors Inc. lifted its holdings in Kornit Digital by 26.2% in the second quarter. B. Riley Wealth Advisors Inc. now owns 17,486 shares of the industrial products company’s stock valued at $256,000 after acquiring an additional 3,633 shares during the last quarter. Finally, Privium Fund Management B.V. grew its position in Kornit Digital by 8.8% in the third quarter. Privium Fund Management B.V. now owns 11,800 shares of the industrial products company’s stock worth $305,000 after acquiring an additional 950 shares during the period. Hedge funds and other institutional investors own 92.76% of the company’s stock.

Wall Street Analyst Weigh In

KRNT has been the topic of several recent analyst reports. Needham & Company LLC upped their price target on Kornit Digital from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Craig Hallum upped their target price on shares of Kornit Digital from $27.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Morgan Stanley lifted their price target on shares of Kornit Digital from $33.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Barclays lifted their target price on shares of Kornit Digital from $21.00 to $26.00 and gave the company an “equal weight” rating in a report on Tuesday, October 1st. Finally, Cantor Fitzgerald began coverage on Kornit Digital in a research report on Tuesday, November 26th. They set an “overweight” rating and a $39.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.40.

Kornit Digital Stock Performance

NASDAQ KRNT traded down $0.10 on Friday, reaching $30.65. The stock had a trading volume of 32,827 shares, compared to its average volume of 86,189. The stock has a market cap of $1.46 billion, a P/E ratio of -34.83 and a beta of 2.01. The business’s 50-day moving average price is $30.34 and its 200 day moving average price is $23.03. Kornit Digital Ltd. has a 12-month low of $13.59 and a 12-month high of $34.28.

Kornit Digital (NASDAQ:KRNT) last posted 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. Kornit Digital had a negative net margin of 21.00% and a negative return on equity of 2.17%. The firm had revenue of $50.73 million for the quarter, compared to analyst estimates of $50.44 million. During the same period last year, the firm posted ($0.17) EPS. Kornit Digital’s quarterly revenue was down 14.3% on a year-over-year basis. On average, sell-side analysts predict that Kornit Digital Ltd. will post -0.22 earnings per share for the current 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.