Renaissance Technologies LLC Has $1.34 Million Stock Position in Kornit Digital Ltd. $KRNT

Renaissance Technologies LLC lifted its stake in shares of Kornit Digital Ltd. (NASDAQ:KRNT) by 44.5% during the first quarter, Holdings Channel.com reports. The firm owned 91,500 shares of the industrial products company’s stock after acquiring an additional 28,200 shares during the period. Renaissance Technologies LLC’s holdings in Kornit Digital were worth $1,341,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. CIBC Private Wealth Group LLC boosted its holdings in Kornit Digital by 1,359.8% in the third quarter. CIBC Private Wealth Group LLC now owns 1,927 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 1,795 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Kornit Digital during the third quarter valued at approximately $27,000. Raymond James Financial Inc. bought a new stake in shares of Kornit Digital during the second quarter valued at approximately $31,000. State of Tennessee Department of Treasury acquired a new position in shares of Kornit Digital during the second quarter worth approximately $35,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Kornit Digital during the fourth quarter worth approximately $144,000. Institutional investors own 92.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KRNT. Morgan Stanley boosted their target price on shares of Kornit Digital from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Thursday. Zacks Research cut shares of Kornit Digital from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Weiss Ratings downgraded Kornit Digital from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday. Finally, Needham & Company LLC boosted their price objective on Kornit Digital from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $21.50.

Kornit Digital News Summary

Here are the key news stories impacting Kornit Digital this week:

• Positive Sentiment: Second-quarter revenue reached $55.3 million, above the high end of company guidance and the $52.8 million analyst estimate. Adjusted EPS was $0.04, exceeding consensus estimates ranging from a $0.02 loss to $0.03 in earnings, and revenue increased 11.1% year over year. Kornit Digital Reports Second Quarter 2026 Results
• Positive Sentiment: Management reported strong operating indicators: annual recurring revenue rose 79% year over year to $33.8 million, AIC revenue increased 112%, trailing-12-month impressions grew 15%, and the company generated positive operating cash flow for the eleventh consecutive quarter. Kornit Digital Earnings Call Signals Recurring-Led Upswing
• Positive Sentiment: Screen-market penetration remained strong, representing approximately 60% of systems sold during the quarter and first half of 2026. The results suggest growing adoption of Kornit’s on-demand digital textile and fashion-production solutions. Kornit Digital 2026 Q2 Results Presentation
• Positive Sentiment: Needham raised its price target to $23 from $22 and maintained a Buy rating, reinforcing the view that improving recurring revenue and operating performance could support additional upside.
• Neutral Sentiment: Kornit guided for third-quarter revenue of $55 million to $60 million, with the midpoint modestly above the $55.3 million consensus estimate, although the range indicates a continued need for execution as the transformation progresses.
• Negative Sentiment: Despite the quarterly beat, Kornit continues to report a negative net margin and negative return on equity, while analysts still expect a full-year loss. These factors could limit the stock’s upside if growth or profitability improvements slow.

Kornit Digital Stock Up 1.2%

Kornit Digital stock opened at $17.85 on Friday. Kornit Digital Ltd. has a 52 week low of $11.93 and a 52 week high of $19.78. The company’s 50 day moving average price is $15.93 and its two-hundred day moving average price is $15.44. The stock has a market cap of $767.01 million, a P/E ratio of -37.19 and a beta of 1.72.

Kornit Digital (NASDAQ:KRNT) last released its earnings results on Wednesday, August 12th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.05. The company had revenue of $55.32 million during the quarter, compared to analyst estimates of $52.80 million. Kornit Digital had a negative return on equity of 0.99% and a negative net margin of 9.42%.Kornit Digital’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 earnings per share. On average, equities analysts anticipate that Kornit Digital Ltd. will post -0.31 EPS for the current year.

Kornit Digital Profile

Kornit Digital Ltd. (NASDAQ: KRNT) is a global technology company specializing in digital textile printing solutions. Headquartered in Rosh Ha’Ayin, Israel, Kornit develops and manufactures an integrated ecosystem of industrial inkjet printers, proprietary NeoPigment inks and pretreatment systems. Its product portfolio addresses a range of applications including direct-to-garment, direct-to-fabric, digital embellishment and hybrid manufacturing, enabling businesses to produce custom apparel, sportswear, fashion and home textiles on demand.

The company’s flagship offerings include the Avalanche and Atlas series for high-volume production, as well as the Storm and Helix lines designed for mid-to-large scale operations.