Daniel Gazit Sells Shares of KRNT
KRNT's Chief Product Officer, Daniel Gazit, sold 274 shares in a planned transaction.
Key Points
- Daniel Gazit, KRNT's Chief Product Officer, sold 274 shares at $16.7 each on June 22, 2026, totaling $4,575.80.
- Shares of KRNT traded near $16.14 on Thursday, with a market cap and trading metrics not specified.
- Morgan Stanley maintained a hold rating for KRNT with an $18 target, reflecting cautious sentiment.
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KRNT's Chief Product Officer, Daniel Gazit, sold 274 shares of the company on June 22, 2026. The shares were sold at an average price of $16.7, bringing the total transaction value to $4,575.80. This sale was part of a planned transaction, often used by insiders to manage their holdings in a structured manner.
Insider Buying and Selling at Kornit Digital Ltd.
Daniel Gazit has been active in trading KRNT shares recently. On June 9, 2026, he sold 636 shares at $15.72 each, and earlier on May 13, 2026, he sold 9,910 shares at $19.2. These transactions were also planned, indicating a systematic approach to managing his stock options.
Other Institutional Activity in KRNT
Several institutional investors have also adjusted their positions in KRNT. Senvest Management, LLC maintained its position with 4,141,355 shares valued at approximately $60.7 million. Morgan Stanley increased its holdings by 3,619 shares, ending with 4,002,167 shares worth $58.7 million. Meanwhile, Disciplined Growth Investors Inc /MN reduced its stake by 35,921 shares, holding 2,998,670 shares valued at $43.9 million. Artisan Partners Limited Partnership cut its position by 183,923 shares, now holding 2,463,881 shares worth $36.1 million. Granahan Investment Management, LLC also reduced its holdings by 271,192 shares, bringing its total to 2,298,471 shares valued at $33.7 million.
Analysts Set New Price Targets
On June 23, 2026, Morgan Stanley maintained its hold rating on KRNT with a price target of $18. Previously, on May 14, 2026, Needham maintained a buy rating with a target of $22. The consensus among analysts is a cautious approach, with a hold recommendation and a mean target price reflecting the current market sentiment.
Bottom Line
Insider transactions like those by Daniel Gazit provide insight into how company executives manage their holdings. While these sales were planned, they still offer valuable information about insider sentiment. Institutional investors have shown mixed activity, with some increasing and others decreasing their positions in KRNT. Analyst ratings suggest a cautious outlook, which investors will watch closely in the coming months.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.