Senvest Management LLC Has $79.09 Million Position in Kornit Digital Ltd. $KRNT

Senvest Management LLC trimmed its position in Kornit Digital Ltd. (NASDAQ:KRNT) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,972,255 shares of the industrial products company’s stock after selling 49,811 shares during the period. Kornit Digital makes up approximately 2.6% of Senvest Management LLC’s holdings, making the stock its 16th biggest holding. Senvest Management LLC owned 8.87% of Kornit Digital worth $79,088,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dudley & Shanley Inc. increased its stake in Kornit Digital by 98.4% in the second quarter. Dudley & Shanley Inc. now owns 637,300 shares of the industrial products company’s stock valued at $12,689,000 after purchasing an additional 316,150 shares in the last quarter. Stephens Investment Management Group LLC increased its position in shares of Kornit Digital by 12.8% in the 2nd quarter. Stephens Investment Management Group LLC now owns 1,526,904 shares of the industrial products company’s stock valued at $30,401,000 after buying an additional 173,492 shares in the last quarter. Polar Asset Management Partners Inc. raised its stake in Kornit Digital by 21.7% during the 1st quarter. Polar Asset Management Partners Inc. now owns 584,460 shares of the industrial products company’s stock worth $11,151,000 after buying an additional 104,017 shares during the period. Granahan Investment Management LLC grew its stake in Kornit Digital by 6.2% in the first quarter. Granahan Investment Management LLC now owns 1,693,833 shares of the industrial products company’s stock valued at $32,318,000 after acquiring an additional 98,284 shares during the period. Finally, Blair William & Co. IL increased its holdings in shares of Kornit Digital by 19.4% in the second quarter. Blair William & Co. IL now owns 519,574 shares of the industrial products company’s stock worth $10,345,000 after acquiring an additional 84,593 shares in the last quarter. Institutional investors own 92.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Needham & Company LLC cut their price objective on Kornit Digital from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Morgan Stanley restated an “equal weight” rating and set a $15.00 target price (down from $20.00) on shares of Kornit Digital in a report on Thursday, November 6th. Cantor Fitzgerald cut their price target on shares of Kornit Digital from $28.50 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kornit Digital in a report on Wednesday, October 8th. Finally, Barclays dropped their price objective on shares of Kornit Digital from $22.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, November 6th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $19.75.

Kornit Digital Stock Performance

KRNT opened at $12.99 on Tuesday. The firm has a market capitalization of $581.89 million, a PE ratio of -51.96 and a beta of 1.94. Kornit Digital Ltd. has a 52-week low of $11.93 and a 52-week high of $34.28. The business’s 50-day simple moving average is $13.88 and its 200 day simple moving average is $17.34.

Kornit Digital (NASDAQ:KRNT) last posted its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. The business had revenue of $53.13 million for the quarter, compared to analysts’ expectations of $51.79 million. Kornit Digital had a negative return on equity of 0.74% and a negative net margin of 5.43%.The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 EPS. Kornit Digital has set its Q4 2025 guidance at EPS. On average, research analysts forecast that Kornit Digital Ltd. will post -0.2 earnings per share for the current year.

Kornit Digital announced that its Board of Directors has initiated a stock buyback program on Monday, November 17th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the industrial products company to repurchase up to 17.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

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.