Kardigan, Inc. (NASDAQ:KARD) Receives $43.50 Average PT from Brokerages

Kardigan, Inc. (NASDAQ:KARDGet Free Report) has received an average recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $43.50.

A number of brokerages have weighed in on KARD. Zacks Research raised Kardigan to a “hold” rating in a research report on Wednesday, July 15th. Leerink Partners began coverage on shares of Kardigan in a research report on Monday, July 13th. They set an “outperform” rating and a $37.00 price target on the stock. Jefferies Financial Group started coverage on Kardigan in a research note on Monday, July 13th. They set a “buy” rating and a $40.00 price objective on the stock. Wall Street Zen raised shares of Kardigan to a “hold” rating in a report on Saturday, June 27th. Finally, JPMorgan Chase & Co. began coverage on Kardigan in a report on Monday, July 13th. They set an “overweight” rating and a $51.00 price target for the company.

Check Out Our Latest Report on Kardigan

Insider Buying and Selling at Kardigan

In related news, Director Paul L. Berns purchased 1,250,000 shares of the stock in a transaction dated Monday, June 22nd. The stock was bought at an average cost of $16.00 per share, for a total transaction of $20,000,000.00. Following the completion of the acquisition, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arch Venture Partners Xiii, Ll bought 1,250,000 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was purchased at an average price of $16.00 per share, with a total value of $20,000,000.00. Following the completion of the transaction, the director directly 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 position. The disclosure for this purchase is available in the SEC filing.

Kardigan Stock Down 5.2%

Shares of KARD opened at $21.67 on Friday. Kardigan has a 1-year low of $16.25 and a 1-year high of $27.00.

Further Reading

Analyst Recommendations for Kardigan (NASDAQ:KARD)

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