JPMorgan Chase & Co. Initiates Coverage on Kardigan (NASDAQ:KARD)

Analysts at JPMorgan Chase & Co. began coverage on shares of Kardigan (NASDAQ:KARD) in a report issued on Monday,Benzinga reports. The brokerage set an “overweight” rating and a $51.00 price target on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 106.98% from the company’s current price.

A number of other research firms also recently commented on KARD. Wall Street Zen upgraded shares of Kardigan to a “hold” rating in a report on Saturday, June 27th. Jefferies Financial Group started coverage on shares of Kardigan in a report on Monday. They set a “buy” rating and a $40.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $45.50.

Kardigan Stock Performance

Shares of Kardigan stock opened at $24.64 on Monday. Kardigan has a 52 week low of $16.25 and a 52 week high of $27.00.

Insider Buying and Selling at Kardigan

In other Kardigan news, Director Arch Venture Partners Xiii, Ll purchased 1,250,000 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were purchased at an average cost of $16.00 per share, with a total value of $20,000,000.00. Following the completion of the transaction, the director owned 15,042,035 shares of the company’s stock, valued at approximately $240,672,560. This represents a 9.06% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul L. Berns acquired 1,250,000 shares of Kardigan stock in a transaction that occurred on Monday, June 22nd. The stock was acquired at an average cost of $16.00 per share, with a total value of $20,000,000.00. Following the completion of the purchase, the director owned 15,042,035 shares in the company, valued at approximately $240,672,560. This represents a 9.06% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure.