Kardigan (NASDAQ:KARD) Rating Increased to Strong-Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Kardigan (NASDAQ:KARD) to a strong-buy rating in a research report released on Monday morning,Zacks.com reports.

A number of other equities research analysts have also recently commented on KARD. TD Cowen started coverage on shares of Kardigan in a report on Monday. They issued a “buy” rating and a $46.00 target price for the company. Leerink Partners began coverage on Kardigan in a report on Monday. They issued an “outperform” rating and a $37.00 target price on the stock. Wall Street Zen raised Kardigan to a “hold” rating in a report on Saturday, June 27th. Finally, JPMorgan Chase & Co. started coverage on shares of Kardigan in a research report on Monday. They issued an “overweight” rating and a $51.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Strong Buy” and an average target price of $43.50.

Kardigan Price Performance

Shares of Kardigan stock opened at $23.53 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 news, Director Arch Venture Partners Xiii, Ll bought 1,250,000 shares of the stock in a transaction on Monday, June 22nd. The stock was purchased at an average cost of $16.00 per share, with a total value of $20,000,000.00. Following the purchase, the director owned 15,042,035 shares of the company’s stock, valued at approximately $240,672,560. The trade was a 9.06% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Paul L. Berns acquired 1,250,000 shares of the stock in a transaction dated 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 transaction, the director owned 15,042,035 shares of the company’s stock, valued at approximately $240,672,560. This trade represents a 9.06% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.