Gilder Gagnon Howe & Co. LLC Has $28.69 Million Stake in Kornit Digital Ltd. (KRNT)

Gilder Gagnon Howe & Co. LLC lessened its stake in shares of Kornit Digital Ltd. (NASDAQ:KRNT) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,874,857 shares of the industrial products company’s stock after selling 35,352 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned approximately 5.56% of Kornit Digital worth $28,685,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Stephens Investment Management Group LLC boosted its stake in shares of Kornit Digital by 64.2% during the second quarter. Stephens Investment Management Group LLC now owns 1,269,012 shares of the industrial products company’s stock valued at $24,555,000 after purchasing an additional 496,117 shares during the period. American Capital Management Inc. purchased a new stake in shares of Kornit Digital during the third quarter valued at approximately $16,717,000. Schroder Investment Management Group boosted its stake in shares of Kornit Digital by 0.5% during the second quarter. Schroder Investment Management Group now owns 1,065,848 shares of the industrial products company’s stock valued at $20,837,000 after purchasing an additional 5,178 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Kornit Digital by 362.8% during the second quarter. Russell Investments Group Ltd. now owns 861,802 shares of the industrial products company’s stock valued at $16,676,000 after purchasing an additional 675,569 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Kornit Digital by 34.8% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 833,679 shares of the industrial products company’s stock valued at $12,755,000 after purchasing an additional 215,246 shares during the period. 77.41% of the stock is owned by hedge funds and other institutional investors.

Shares of Kornit Digital Ltd. (NASDAQ:KRNT) traded down $0.70 during mid-day trading on Tuesday, reaching $15.00. The company had a trading volume of 244,000 shares, compared to its average volume of 345,993. Kornit Digital Ltd. has a 12 month low of $11.00 and a 12 month high of $23.15. The stock has a market capitalization of $529.64, a price-to-earnings ratio of 78.50, a price-to-earnings-growth ratio of 4.71 and a beta of 0.06.

A number of research firms have recently weighed in on KRNT. Barclays PLC dropped their price objective on Kornit Digital from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Wednesday, November 8th. Zacks Investment Research lowered Kornit Digital from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Craig Hallum dropped their price target on Kornit Digital from $20.00 to $26.00 in a research note on Thursday, September 28th. Needham & Company LLC dropped their price target on Kornit Digital from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, September 27th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $18.00 price target (down previously from $24.00) on shares of Kornit Digital in a research note on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $18.67.

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About Kornit Digital

Kornit Digital Ltd. develops, designs and markets digital printing solutions for the global printed textile industry. The Company’s solutions include its digital printing systems, ink and other consumables, associated software and value added services. Its customers include custom decorators, online businesses, brand owners and contract printers.

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Institutional Ownership by Quarter for Kornit Digital (NASDAQ:KRNT)

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