Kornit Digital Ltd (KRNT) Shares Bought by Summit Creek Advisors LLC
Summit Creek Advisors LLC increased its stake in Kornit Digital Ltd (NASDAQ:KRNT) by 15.1% in the 1st quarter, HoldingsChannel reports. The fund owned 517,120 shares of the industrial products company’s stock after purchasing an additional 67,840 shares during the quarter. Kornit Digital comprises 2.2% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 20th largest holding. Summit Creek Advisors LLC’s holdings in Kornit Digital were worth $12,307,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new stake in Kornit Digital during the 3rd quarter valued at $339,000. ETF Managers Group LLC increased its stake in Kornit Digital by 4.8% during the 4th quarter. ETF Managers Group LLC now owns 30,835 shares of the industrial products company’s stock valued at $577,000 after purchasing an additional 1,411 shares in the last quarter. BlackRock Inc. increased its stake in Kornit Digital by 6.3% during the 3rd quarter. BlackRock Inc. now owns 410,780 shares of the industrial products company’s stock valued at $8,996,000 after purchasing an additional 24,282 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Kornit Digital during the 3rd quarter valued at $6,868,000. Finally, Vigilant Capital Management LLC bought a new stake in Kornit Digital during the 4th quarter valued at $150,000. Institutional investors own 94.94% of the company’s stock.
KRNT stock traded up $0.18 during midday trading on Monday, reaching $27.79. 1,770 shares of the company’s stock traded hands, compared to its average volume of 307,739. The firm has a market capitalization of $974.67 million, a PE ratio of 116.04 and a beta of 0.98. Kornit Digital Ltd has a 52 week low of $13.05 and a 52 week high of $28.24.
KRNT has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Kornit Digital from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. Craig Hallum set a $25.00 price target on shares of Kornit Digital and gave the company a “buy” rating in a research note on Thursday, February 14th. BidaskClub upgraded shares of Kornit Digital from a “sell” rating to a “hold” rating in a research note on Thursday, December 27th. Finally, Needham & Company LLC boosted their price target on shares of Kornit Digital from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Kornit Digital currently has a consensus rating of “Buy” and a consensus target price of $24.29.
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Kornit Digital Company Profile
Kornit Digital Ltd. develops, manufactures, and markets industrial digital printing technologies for the garment, apparel, and textile industries. The company focuses on the direct-to-garment and roll-to-roll segments of the printed textile industry. Its solutions include digital printing systems, ink and other consumables, associated software, and value added services.
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